Professional Documents
Culture Documents
The Problem
Company (2012-2014)
(2012 - 2014)
Context
United Technologies
Corporation CEO Greg Hayes
earlier this year projected a $35
billion increase in revenue by
2020 from the present goal of
more than $65 billion in
revenue by the end of this year.
Also, he stated the aerospace
industry is at a prime state for
growth where operations is the
key to meeting demands.
Problem Statement
UTC operations would have
to focus on techniques in
revenue management and
operations research to
eliminate waste and lower
running cost to meet the
exogenous demands for the
upcoming 5 years.
Lean Manufacturing
ncrease Revenue Solutions
Statistical Analysis
Increase Revenue Solutions
arrangement,shine,
Mathematical
Problem
The real life problem
is translated into
a mathematical model.
Mathematical Solution Method
Mathematical
Develop Mathematical
methods forSolution
solutionsMethod
with exogenous variables
Computerized
Solution
Method the solution
Computer Algorithms
are used
to implement
method.
Decision Support System
Decision
System
A developed interface between
theSupport
decision maker
and the mathematical
model.
Human Decision Making
Final Results
The lean manufacturing, operations and revenue research methods work interchangeably to provide operations
leaders objective analyzing a companys current process situation, reason for improvements, in addition to what
variables or inputs need to be improved to provide and outcome of decrease industrial waste, positive increase in
operations performance while minimizing the running cost.
Continuing kaizen events where these manufacturing principles are reinforced and reiterated will also ensure that
teams and operations employees are on one accord with decisions to act accordingly.
United Technologies has the most competitive products in the market and its the duty of operations that it stays
competitive with providing quality manufacturing practices and services from suppliers to customers demands.