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The new Toyota production plant starting up in Guanajuato, in central Mexico would be manufacturing a radical new Corolla Compact that will go on sale in 2020. In order to make appropriate capacity and design decisions for the plant, the operations unit at Toyota has to compute the optimal inventory and productions levels needed to meet global demand in a cost effective fashion. It has been forecasted that the annual demand for the new Corolla is going to be 150,000 and the plant works 350 days/yr. The daily production capacity is 580 Corollas. The setup cost to start a production run is $10,000 and the annual inventory carrying cost is $1000 per Corolla per year
What should be the optimum number of Corollas to be produced in a production run?
What is the maximum inventory achieved during a production run?
What is the average inventory of Corollas throughout the year?
What is the total annual cost of setting up production runs and holding inventory?
Identify a change that is needed in your healthcare organization. Using the change process, outline the steps you would take to initiate change. Explain how you would deal with resistance to the change.
You are a project manager for a new hardware/software project. You just received the project charter and established your scope statement. Within the scope statement, you defined some of the key components to meet the overall project objective. To en..
Think of a viable business venture you could embark on and share your ideas using the following questions: Which niches can you own in this proposed venture? Of these which would be the most profitable?
Whose interests do you think should be the largest concern of the government trade policy: the interests of producers (which includes business and their employees) or the interests of the consumers? Why?
The fundamental aspects of Operations & Quality Management
There's definitely a need if much has not changed with the online learning platform in 17 years. The only thing I can think of as far as changes with audio and video would be streaming classes online to attend and online classes which students log in..
A University with 15,000 students should average about 750 academic drops per semester. Acontrol chart program is undertaken to track the academic drop situation. Random samples of 100 students are taken each semester. The Last 10 semsters records sh..
Which of the following statements about a break-even chart is true? Under ________, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price. When using price steps, the seller must establish p..
Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..
Explain whether you regard critical thinking and reasoning as a learned skill and/or natural disposition. Of the two, which is more important, a natural ability or acquired skill?
Under which topic in operations management are models found?
Students will also demonstrate their ability to effectively use available research tools in developing the content in developing the content of an extensive supervisory development plan
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