MEC 431- Final Exam Guide - Comprehensive Notes for the exam ( 228 pages long!)

• School: Ryerson University
• Department: Mechanical Engineering
• Course: MEC 431
• Professor: N/ A

Document Summary

Advanced manufacturing section 1: future of manufacturing & 1 wages, profits and ultimately the resources available to provide social: therefore, productivity determines the standard of living by setting, productivity must be relentlessly pursued by: improving products. Migrating to higher value industry segments: the survival of individual manufacturers is based on competitiveness, which in turn is based on productivity. So why is productivity important: obviously, the more productive a worker is, the more that worker is (cid:498)worth(cid:499) to the company, thus this warrants higher wages. Productivity = higher wages: in general, canadians receive high wages when compared to other, to economically justify these wages, canadian workers must be more productive than their lower paid counterparts in other countries. countries. Example electronics soldering: an electronics manufacturer wishes to solder components to a printed, two options are available. Engineer (design fixturing, etc: manual soldering trained operators, the workers for the wave soldering machine are highly paid, but do.