Explain the difference between assembling a car and assembling electronic equipment according to the process strategy?  3. Operations Strategy Explain the understanding of the theory of Comparative Advantage which was initiated by David Ricardo  Briefly describe the application of thi

Consistent with the concept of bounded rationality, operations managers may face varied challenges when making decisions under complex environments characterised by certainty, risk or uncertainty. Consider each of the following statements, some of which are incorrect, and answer the question which follow. i A managerial decision-making under conditions of uncertainty is primarily characterised by states of nature and payoff functions which are broadly probabilistic; whilst decisions under risk have broad uncertainties to them. ii With the advent of the Fourth Industrial Revolution (4IR), the fusion of advances in artificial intelligence (AI), robotics, machine learning, Internet of Things (IoT) and big data is expected to create an enabling environment to address issues of uncertainty. iii A decision tree may be used as a tool of appraisal for decisions under risk. iv In contexts characterised by a dearth of information on risk distribution, decision-making is broadly certain. However,…

Critically examine the framework the operations management function would use to make sure that its operations are deemed ecologically sustainable, given the growing emphasis on sustainability. The evaluation ought to emphasize the procedures and initiatives that PepsiCo plans to put into place.

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Develop a Balanced Scorecard for 'Amazon' as a business/company. Provide a thorough analysis of the Scorecard.   The scorecard is utilized to understand how well the strategy ideas support the organization and achieves the balance of the company needs versus consumers.  Some of the key categories are below: Financial Metrics:  How will you measure success or progress for your alternatives? Operations / Internal processes:  What processes will be used in support of your strategy alternatives? Learning and growth measures:  What actions are required for employees? Customer Measures:  What customer measures are needed to support improvements? Other (Social Responsibility, Business Ethics, Managers) Global Evaluation:  What is the global presence of your company? Evaluation can be based on cultural, political, financial, legal elements.

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B2. Explain how the Triple Bottom Line Framework (TBL) enables the organization, to attain:Social Sustainability, Economic Sustainability, Environmental Sustainability and the challenges faces in implementing TBL on any chosen industry sectors or companies.

​"We are already measuring total factor productivity. Measuring partial productivities would be of no​ value." Do you​ agree?     A. ​Yes, total factor productivity is the goal of the measurement. Once achieved there is no need for further analysis.   B. ​Yes, partial productivity measures should only be calculated if you cannot calculate total factor productivity.   C. ​No, total factor productivity and partial productivity measures work best together because the strengths of one offset weaknesses in the other.   D. ​No, you must always calculate partial productivity measures for the total factor productivity to have any meaning.

10. Bochie's samgyupsal restaurant is now experiencing low sales because it is rainy season and he don't know what action to do. What do you think he should do in the first place to prevent this problem? A. He should use benchmarking in order to compare his business to other businesses B. He should include his subordinates in planning to resolve the issue. C. He should have contingency offerings in his restaurants that is suitable to the rainy weather. D. He should list the activities that he must accomplish in order to achieve his objectives.

1. How are Made-to-Order and Made-to-Stock systems different? Is a highly standardized product usually produced through a make-to-order or a make-to-stock processing strategy? 2. List and describe the stages of the product life cycle. 3. What is likely to happen to the price of a product as it ages?