Problem Scenario Australasian Muskelon Automotive Company (AMAC) manufactures a small electric car that is supplied to...

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Problem Scenario Australasian Muskelon Automotive Company (AMAC) manufactures a small electric car that is supplied to customers throughout the world. The company buys most of its required components from local suppliers. AMAC also produces a few critical components itself. To ensure smooth production, the components stock is maintained. Once a batch of cars is manufactured, they are held in stock for despatch to customers. Orders received from customers are despatched the week after they are received, and production is also planned on a weekly basis. Thus, when all is running well, AMAC should have an order backlog of one week, and it should be possible to meet this from stock. Stockholding is planned by forecasting the order rate for the next period, thus AMAC tries to hold three times the forecast of the next period's orders. Task 2 AMAC management is interested in conducting a Morphological Analysis to explore the scenario/futures space to ensure their survival against possible risks, opportunities and threats in the next ten to twenty years' time. Carry out a FAR analysis to elucidate possible futures. FAR Analysis [Total Mark: 15] Brainstorming sectors and factors & FAR matrix Pairwise comparison and elimination of irrelevant combinations Faustian Tree that shows one or more potential scenarios Appropriate justification, definitions, and assumptions 9 43 2 Helpful criteria for Task 2: Positives: Identification /formulation of appropriate stages /components of FAR Appropriate definitions but brief justification /answer (where required) Brief discussion of the outcomes of each stage Meaningful assumptions (if any required) Identification of two or three possible different scenarios Negatives: Identification of non-existing stages Formulation of unnecessary stages Lengthy or inappropriate explanation /answer Unnecessary assumptions Problem Scenario Australasian Muskelon Automotive Company (AMAC) manufactures a small electric car that is supplied to customers throughout the world. The company buys most of its required components from local suppliers. AMAC also produces a few critical components itself. To ensure smooth production, the components stock is maintained. Once a batch of cars is manufactured, they are held in stock for despatch to customers. Orders received from customers are despatched the week after they are received, and production is also planned on a weekly basis. Thus, when all is running well, AMAC should have an order backlog of one week, and it should be possible to meet this from stock. Stockholding is planned by forecasting the order rate for the next period, thus AMAC tries to hold three times the forecast of the next period's orders. Task 2 AMAC management is interested in conducting a Morphological Analysis to explore the scenario/futures space to ensure their survival against possible risks, opportunities and threats in the next ten to twenty years' time. Carry out a FAR analysis to elucidate possible futures. FAR Analysis [Total Mark: 15] Brainstorming sectors and factors & FAR matrix Pairwise comparison and elimination of irrelevant combinations Faustian Tree that shows one or more potential scenarios Appropriate justification, definitions, and assumptions 9 43 2 Helpful criteria for Task 2: Positives: Identification /formulation of appropriate stages /components of FAR Appropriate definitions but brief justification /answer (where required) Brief discussion of the outcomes of each stage Meaningful assumptions (if any required) Identification of two or three possible different scenarios Negatives: Identification of non-existing stages Formulation of unnecessary stages Lengthy or inappropriate explanation /answer Unnecessary assumptions