Q$\mathrm{.}4$: $(25$ pts$.)$ An investor is planning to start a business by producing a brand new one of a kind

product, the product needs $5$ different sequential processes to be produced; the annual dem and on

this product is estimated to reach $400000$ units. However, since it is a new product introduced to

the market the investor is not fully sure of ultim ate success of the product; i$.$e$.$ the product may fail

in the market.

a$)$ What would you advise this investor to do regarding the establishment and progress of such

a business?

b$)$ If the product starts to show very good success, which automation strategy would you

suggest him to follow?

c$)$ When the product reaches ultimate success, what type of facility and layout would you

expect him to adopt by that time?

d$)$ Based on your answer in part $($c$),$ what type of automation would you expect the facility to

have? Why?

e$)$ Haw would you classify this industry in terms of process or discrete industry?