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Silent_Thunder · 02-20-2005, 04:31 PM

Hi,

I had to answer some economic questions. Could you please look at them and correct any visible grammar/spelling/logic mistakes? Thank you very very much in advance.

Any single correction is welcome!

-------------START-----------------

1. What advantages and disadvantages do you see with the introduction of more automated plants?

From the companies point of view, more automated plants mean more profit, because firstly they reduce expenses by cutting a lot of workspaces and secondly they increase the quantity of production, which leads to bigger profit.

Looking from the consumers point of view, more automated plants increase the quality of the products but on the other hand they reduce workplaces that leads to a bigger economic disbalance.

2. Can you agree on areas where you think it is a good idea to use them?

I think that demand for the quantity and the quality should be pleased, because it leads a more comfortable life. But some limitations (e.g. production quota, the minimum requirement of employees) should be added to decrease the level of unemployment and to reduce the economic disbalance.

3. What will industrial workers then do?

The governments should add some restrictions for the companies. For example, a requirement to have one employee per fixed quantity of the production would be a possible solution to the problem of unemployment.

4. Is it the end of work, as we understand it? And the beginning of The Leisure Society?

Our economic systems is based on producers and customers. Producers produce, because customers buy. If people don?t work, it means, they don?t earn any money. If people wouldn?t have enough money to buy any product, a company would stop producing that good. Basically, the beginning of The Leisure Society is the end of our economic system.

5. What do you think about training people to work in such plants?

As the responsibility taken by one person increases, training courses should be toughened.

6. Who decides what should be made? What is your opinion of this?

Both customers and producers tell what should be made. Producers can heavily promote their product and to make people believe that they need it. Producers can even form a trend and to make their products popular. But consumers have a right to chose whether to buy a product or not, or maybe to chose an alternative. This free will also affect of what should be made.

7. What are the advantages of manufacturing processes where only one person is needed?

Less expenses. Easier to control the staff.

8. What prospects do you see for the spreading of such operations and processes in your country?

Automated plants require a lot of starting investments, that?s why companies in Lithuania chose a cheaper way to start a production line. As my country is starting to get more and more investments from other countries, automated plants should replace current plants as it?s cheaper in the long run.

Silent_Thunder · 02-20-2005, 04:43 PM

Come one people

Thats really important to me. Just take one question and correct it please.

warlock5 · 02-20-2005, 05:24 PM

Well, from the point of view of Keynesian economics it looks pretty good.

On the other hand I think it is completely wrong. You seem to assume that #1 there should be mandatory employment and #2 that we will ultimately achieve all of our wants.

To put it simply: A machine can't give head.

FunForOne · 02-20-2005, 05:26 PM

More automation allows factories and plants to be more scalable.

Salaries are fixed costs. - The company has to pay that whether they produce 1 product or 1,000,000 products.

Automation is a variable cost. You can turn the machine off and not pay a dime if your orders are small.

Also, automated supply chains and inventory tracking decrease inventory costs.

If you are in college, those answers are simply not good enough. If you are in high school, the teacher will probably put a star on your paper.

To be honest, those are economic questions from about 10 - 15 years ago.

I would be glad to help you expand you answers if you think that is necessary.

FunForOne · 02-20-2005, 05:29 PM

who decides what should be made?

The market.....

Your answer should involve the discusion of the direct or indirect relationships of supply and demand including pricing and the effects of substitutes in the market.

FunForOne · 02-20-2005, 05:33 PM

Automation has a higher implentation cost than staffing a facility. Automation is a long term strategey to cut costs and improve quality. That is a trade off with having employees which are flexible. It is easier to change markets, strategies, business units by retraining employees than redesigning and purchasing new automation.

A good text book strategy is to implement automation to improve employee's job performance or provide manufacting tasks where humans have limits.

FunForOne · 02-20-2005, 05:35 PM

Quote:

Originally Posted by uproared

What school/university are those questions from?

They suck ass.

And in terms of automation being a variable cost, that is true to an extent, however the machinery will continue to depreciate (an expense) even if it's not being used.

absolutely, maybe we are just looking at different scale operations

polish_aristocrat · 02-20-2005, 05:35 PM

he wants you ppl to corrent his grammar mistakes and not the answers

BRISK · 02-20-2005, 05:35 PM

Quote:

Originally Posted by Silent_Thunder

3. What will industrial workers then do?

The governments should add some restrictions for the companies. For example, a requirement to have one employee per fixed quantity of the production would be a possible solution to the problem of unemployment.

This wouldn't have been my answer.

FunForOne · 02-20-2005, 05:42 PM

If possible, governments shouldn't be involved in private businesses in industries where public safety isn't involved. (air travel, chemical manufacturing)

If the country has problems, the government may implement programs, incentives, (tax) for employees to educate themselves to qualify for new positions. Increased automation requires less general laborors and more engineers, computer techs, and quality assurance managers.

FunForOne · 02-20-2005, 05:44 PM

Quote:

Originally Posted by polish_aristocrat

he wants you ppl to corrent his grammar mistakes and not the answers

I think your right

Antonio · 02-20-2005, 05:46 PM

Quote:

Originally Posted by Silent_Thunder

2. Can you agree on areas where you think it is a good idea to use them?

high-hazard industries, nuclear plants, chemical manufacturing plants etc.

Quote:

Originally Posted by FunForOne

................
Salaries are fixed costs. - The company has to pay that whether they produce 1 product or 1,000,000 products.

"usually labour or hourly paid workers are variable costs"

FunForOne · 02-20-2005, 05:49 PM

Quote:

Originally Posted by Antonio

high-hazard industries, nuclear plants, chemical manufacturing plants etc.

"usually labour or hourly paid workers are variable costs"

Doesn't work that way in the real world. Tell 1,000 of you general laborors that they are only going to get to work 20 hours per week this month.

You will soon realize how much is cost to interview and re-hire 975 general labororers the next month.

Your HR staff is will quit also.

FunForOne · 02-20-2005, 05:55 PM

The hot topics in corporate automation are supply chain automation involving Just in time inventory.

And decision support systems. - thats a whole new topic!

02-20-2005, 05:35 PM	#8
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	he wants you ppl to corrent his grammar mistakes and not the answers __________________ I don't use ICQ anymore.

02-20-2005, 04:31 PM	#1
Silent_Thunder Confirmed User Join Date: Feb 2004 Location: Europe Posts: 5,258	Have economic knowledge + good english language skills? Look inside then. Hi, I had to answer some economic questions. Could you please look at them and correct any visible grammar/spelling/logic mistakes? Thank you very very much in advance. Any single correction is welcome! -------------START----------------- 1. What advantages and disadvantages do you see with the introduction of more automated plants? From the companies point of view, more automated plants mean more profit, because firstly they reduce expenses by cutting a lot of workspaces and secondly they increase the quantity of production, which leads to bigger profit. Looking from the consumers point of view, more automated plants increase the quality of the products but on the other hand they reduce workplaces that leads to a bigger economic disbalance. 2. Can you agree on areas where you think it is a good idea to use them? I think that demand for the quantity and the quality should be pleased, because it leads a more comfortable life. But some limitations (e.g. production quota, the minimum requirement of employees) should be added to decrease the level of unemployment and to reduce the economic disbalance. 3. What will industrial workers then do? The governments should add some restrictions for the companies. For example, a requirement to have one employee per fixed quantity of the production would be a possible solution to the problem of unemployment. 4. Is it the end of work, as we understand it? And the beginning of The Leisure Society? Our economic systems is based on producers and customers. Producers produce, because customers buy. If people don?t work, it means, they don?t earn any money. If people wouldn?t have enough money to buy any product, a company would stop producing that good. Basically, the beginning of The Leisure Society is the end of our economic system. 5. What do you think about training people to work in such plants? As the responsibility taken by one person increases, training courses should be toughened. 6. Who decides what should be made? What is your opinion of this? Both customers and producers tell what should be made. Producers can heavily promote their product and to make people believe that they need it. Producers can even form a trend and to make their products popular. But consumers have a right to chose whether to buy a product or not, or maybe to chose an alternative. This free will also affect of what should be made. 7. What are the advantages of manufacturing processes where only one person is needed? Less expenses. Easier to control the staff. 8. What prospects do you see for the spreading of such operations and processes in your country? Automated plants require a lot of starting investments, that?s why companies in Lithuania chose a cheaper way to start a production line. As my country is starting to get more and more investments from other countries, automated plants should replace current plants as it?s cheaper in the long run.

02-20-2005, 04:43 PM	#2
Silent_Thunder Confirmed User Join Date: Feb 2004 Location: Europe Posts: 5,258	Come one people Thats really important to me. Just take one question and correct it please.

02-20-2005, 05:24 PM	#3
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	Well, from the point of view of Keynesian economics it looks pretty good. On the other hand I think it is completely wrong. You seem to assume that #1 there should be mandatory employment and #2 that we will ultimately achieve all of our wants. To put it simply: A machine can't give head.

02-20-2005, 05:26 PM	#4
FunForOne Confirmed User Join Date: Nov 2003 Location: USA Posts: 8,704	More automation allows factories and plants to be more scalable. Salaries are fixed costs. - The company has to pay that whether they produce 1 product or 1,000,000 products. Automation is a variable cost. You can turn the machine off and not pay a dime if your orders are small. Also, automated supply chains and inventory tracking decrease inventory costs. If you are in college, those answers are simply not good enough. If you are in high school, the teacher will probably put a star on your paper. To be honest, those are economic questions from about 10 - 15 years ago. I would be glad to help you expand you answers if you think that is necessary.

02-20-2005, 05:29 PM	#5
FunForOne Confirmed User Join Date: Nov 2003 Location: USA Posts: 8,704	who decides what should be made? The market..... Your answer should involve the discusion of the direct or indirect relationships of supply and demand including pricing and the effects of substitutes in the market.

02-20-2005, 05:33 PM	#6
FunForOne Confirmed User Join Date: Nov 2003 Location: USA Posts: 8,704	Automation has a higher implentation cost than staffing a facility. Automation is a long term strategey to cut costs and improve quality. That is a trade off with having employees which are flexible. It is easier to change markets, strategies, business units by retraining employees than redesigning and purchasing new automation. A good text book strategy is to implement automation to improve employee's job performance or provide manufacting tasks where humans have limits.

02-20-2005, 05:42 PM	#10
FunForOne Confirmed User Join Date: Nov 2003 Location: USA Posts: 8,704	If possible, governments shouldn't be involved in private businesses in industries where public safety isn't involved. (air travel, chemical manufacturing) If the country has problems, the government may implement programs, incentives, (tax) for employees to educate themselves to qualify for new positions. Increased automation requires less general laborors and more engineers, computer techs, and quality assurance managers.

02-20-2005, 05:55 PM	#14
FunForOne Confirmed User Join Date: Nov 2003 Location: USA Posts: 8,704	The hot topics in corporate automation are supply chain automation involving Just in time inventory. And decision support systems. - thats a whole new topic!