Final answer:
To improve production precision, a production manager would ideally use CNC machines, robotics, statistical process control, and lean manufacturing. These technologies and methodologies collectively enhance the precision, efficiency, and quality of production.
The correct option is 5.
Step-by-step explanation:
As a production manager aiming to improve production precision in the manufacturing of bicycle parts, various tools and technologies at your disposal would include:
CNC machines: for high-precision cutting and shaping of materials.
Robotics: to automate repetitive tasks and increase efficiency and consistency.
Statistical process control (SPC): to monitor and control the production process through data analysis.
Lean manufacturing: to streamline production, minimize waste, and improve quality.
The choice among these options depends on specific production needs and circumstances. However, to achieve the best results in production precision, using all of the above methods would typically be recommended, especially when facing increased costs of machines.
This approach resonates with the idea that, as the cost of capital changes, so might the appropriate balance between labor and capital in choosing the optimal production technology.
The correct option is 5.