Define economy of scope and economy of scale and list their, Operation Management

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Define economy of scope and economy of scale and list their

1. Define: "Economy of Scope" and "Economy of Scale", and list their pre-requisites. Name the manufacturing system type that is best suited to achieve each of these 2 objectives and provide reasons.

2. Define and identify the difference(s) between:

i. Flexible Automation & Programmable Automation

ii. Lean, Agile and Flexible Manufacturing Systems

iii. Product Family & Product Platform

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Operation Management: Define economy of scope and economy of scale and list their

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