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Scenario 2.4
A company is considering two options for the production of a part needed downstream in the manufacturing process. Particulars are as follows:
-Use Scenario 2.4 to answer this burning question. For a monthly volume of 3,000 units, which automation approach should be chosen?
Maslow Hierarchy
Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.
Self-actualization Needs
The highest level in Maslow's hierarchy of needs, representing the realization of one's potential, self-fulfillment, seeking personal growth and peak experiences.
Physiological Needs
Basic human requirements such as food, water, and shelter that must be met to ensure survival.
Social Needs
Human desires for belonging, affection, acceptance, and friendship, which are significant in driving consumer behavior.
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