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Evaluating Production Technology Choices
A new bakery owner is deciding how to produce cakes. They are considering two different methods, which represent two distinct production technologies:
- Technology 1: An artisanal process using highly skilled bakers to mix ingredients by hand and bake in small batches. This method uses premium, locally-sourced ingredients and results in a high-quality, unique cake.
- Technology 2: An automated process using large industrial mixers and conveyor ovens, operated by workers with basic training. This method uses standardized, bulk-purchased ingredients and results in a consistent, lower-cost cake.
As a consultant, which technology would you recommend? Justify your recommendation by evaluating the trade-offs between these two production technologies. Your evaluation should consider factors such as production cost, output volume, product quality, and the potential target market for the cakes.
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