Operations Management Assignment

Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold?

Toyota Motors Company is multinational Japanese vehicle producer, an enterprise that has it 's headquartered at Toyota, Aichi. Toyota Motors are the biggest world 's producer of the autos about the statistics of 2013 by the quantity of vehicles. Toyota was additionally the greatest maker of the autos in 2012 and has been the initial a car producer that delivered ten million vehicles for each year. It is likewise recorded the most significant assembling organization in Japan of the market capitalization and income. The engines business delivers its vehicles

For more than 50 years, Toyota Motor Corporation has been one of the world’s leading manufacturers of motor vehicles in the United States. It was born a Japanese company in 1935 and came to America in 1957. Now headquartered in Toyota City, Japan, it employs more than 300 thousand employees globally (Toyota Motor Corporation Company Profile, 2012). In addition Toyota is a global marketing organization. It strategically operates primarily through Japan, Asia, Europe, and North America; but its vehicles are sold in more than 170 countries and regions across the globe (Toyota Motor Corporation Company Profile, 2012). The Toyota brand is traditionally defined by brand attributes such as global leadership, innovation,

1. What is the best way to increase value the most, given the following information for one customer?

3.1 For each hotel, what is the role of technology and the role of operations

Sampling 4 pieces of precision-cut wire (to be used in computer assembly) every hour for the past 24 hours has produced the following results:

Toyota Motor Corporation (TOYOTA) is one of biggest automaker in the world. Main products are a passenger car, truck, bus, RV etc. The company headquartered in Toyota, Aichi, Japan which employed 300,734 people worldwide and was the third largest automobile manufacture in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eighth largest company in the world by revenue (around 200 billion USD) in 2011. The company reported it had manufactured its 200million cars in 2012.

I will be describing and providing examples for the six key factors as well as the five important process choices in the next few paragraphs. Some examples of operating costs include raw materials, salaries, and advertising. By using low-cost operations, there is an advantage over the competitors essentially by lowering the costs of operations below what others have in the same industry. With high performance design, some examples included would be technology, where we would use technology in a business to not only add value to the quality of the merchandise, but as well as the quickness

Toyota is one of the leading manufacturers of vehicles in the United States and across the globe. Toyota is ranked #55 in Forbes, World’s Biggest Public Companies, and capturing sales of 202.8 billion and a market cap of 137.8 billion as of March 2011

The main aims that operation management needs to control are quality, cost, time and flexibility, and those are the roots of a firm’s competitive forces. Therefore, operation management is very significant to a firm, especially in recent 20 years, the size of modern firms keeps constantly enlarging, and the level of technology and knowledge containing in a product keeps improving while the producing process keeps complicating.

a) .002 hours b) .008 hours c) 125 hours d) 500 hours 19. A parallel system includes two parts with each having a reliability of 0.8. The system reliability is _______ a) .08 b) .64 c) .80 d) .96 20. A series system includes two parts with each having a reliability of 0.8. The system reliability is _______ a) .08 b) .64 c) .80 d) none of the above 21. Which of the following is true about the design process? _______ a) Traditionally, representatives from various departments and functions worked together on the design. b) The design process involves four basic steps, which, when followed in sequential order, ensure success. c) The better way to work on a design process is to separate marketing, engineering, and production personnel from each other so each can work in their own area of expertise. d) Concurrent design has proven to be the more effective method for design. 22. Developing new production facilities or entry into new markets typically requires which range of forecast? a) short range b) medium range c) long range d) additional information

Question 1: a) Learning curve equation: Y(u) = au-b u | Y(u) | Ln(u)x | Ln(Y(u))y | x2 | xy | 13 | 276 | 2.565 | 5.620 | 6.579 | 14.415 | 29 | 198 | 3.367 | 5.288 | 11.337 | 17.805 | 41 | 171 | 3.714 | 5.142 | 13.794 | 19.097 | 71 | 137 | 4.263 | 4.919 | 18.173 | 20.969 | 127 | 107 | 4.844 | 4.673 | 23.464 | 22.636 | | Sum: | 18.753 | 25.642 | 73.347 | 94.922 | x = 18.7535 = 3.751 y = 25.6425 = 5.128 m = 594.922-[18.75325.642]573.347-(18.753)2 = -0.415 c = 5.128 – (-0.415)(3.751) =

When it comes to processes and activities, there are wide differences between a service-based organisation and a manufacturing environment. In the production line of a factory like

Toyota characterizes by well design and plan management process through it strategic decision by operation manger which lead to be this firm in operation excellence sustainable. Toyota works on six

Toyota is a key player in global automotive market. Its structure constitutes if various production plants in different locations and a very strong branding which helps it capture a major market share. Like other enterprises, Toyota has several strengths and weakness which makes it what it is now. Toyota heavily invests in Research and development which helps it come up reputable product line which is spread out throughout the world because of its strengthening global distribution network however its recent product recalling, loose grip in key geographic areas and wrong allocation of resources shows that even a strong brand like Toyota has its weaknesses.