The lab began operations with a raw materials inventory of 160 kits and $1,000,000 cash. Section
Background
performance of the factory for the first few days. Here are our learnings. In November we hire 7 employees due to the increase of Holiday sales, and in December we hire 6 employees. Littlefield Technologies Operations
Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management
We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. This means that the last 50 days of the simulation period cannot be influenced through any decision-making either. corporate profile part 2 security controls and risk mitigation recommendation Corrections and crime and crime prevention.docx, Corporate finance essay fin 4610 Baruch College.docx, corporate research assignment My Nursing Experts.docx, Corporate entrepreneurship nursing writers.docx, Corporate security major security and.docx, Correctional goals and prison privatization.docx, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. We learned the lesson from that simulation that we should have added machines much earlier. Anteaus Rezba
A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. 5 | donothing | 588,054 |
In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. We knew that the initial status quo was limited by the inventory quantity. Leena Alex
I was mainly responsible for the inventory . We will calculate costs associated with running a production facility. This product also is expected to have a 268-day lifetime. Unfortunately not, but my only advice is that if you don't know what you're doing, do as little as possible so at least you will stay relatively in the middle Littlefield Simulation Analysis, Littlefield, Initial Strategy - Littlefield Simulation Analysis - Studocu Homework assignment littlefield simulation analysis littlefield initial strategy when the simulation first started we made couple of adjustments and monitored Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew
. This proposal, when implemented, can save up to Rs. After resolving the lead-time issues, we used to switch back the contract to contract-3. 9
Start making decisions early, i.e. Moreover, we also saw that the demand spiked up. 9,033,750 of operational costs per year, without resorting to any radical changes that impact the continuous operations at the plant.
Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. At this point, all capacity and remaining inventory will be useless, and thus have no value. Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. This left the factory with zero cash on hand. Poor inventory assessment before the simulation end can hurt. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Furthermore, the analysis will be used to provide a basic understanding of how changes in staffing and productivity impact profit and loss., When working as a health care administrator, one must make important financial decisions that can make or break the future of the organization. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. regarding contract management and machine additions quite early, e.g. Seeing that the machines could process a lot more inventory faster than we expected, we decided to change our reorder points and order quantities, to 6000 units and 24,000 units, respectively. 193
Although reputation and meeting goals is important, I must pay attention to the machines that are causing bottleneck issues; performing a cost/benefit analysis can fulfill this. Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work. Eventually, demand should begin to decline at a roughly linear rate. Therefore our strategy to win this game was controlling the Littlefield Labs system capacity and the inventory level with choosing a right contract as well as keeping the cash daily as much as possible. PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. As such, the first decision to be made involved inventory management and raw material ordering. DAYS
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It is now nine months later, and Littlefield Technologies has developed another DSS product. A detailed data analysis and how the game progressed.
Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). The difference between remaining at $750/order vs. $1250/order could have been as high as 1.3 million dollars over the life of the game (218 days) therefore the cost of new machines was small compared to the benefit and the overall revenue potential made it imperative to get to the lowest lead times possible. A collaborative backcasting game, AudaCITY, developed to build transformative capacity in city administrations while also generating deep contextual knowledge to inform a transformative sustainability science research agenda is presented. Our revenue per day improved to 200 $/day. Once the initial first 50 days of data became available, we plotted the data against different forecasting methods: Moving average, weighted moving average, exponential smoothing, exponential smoothing with trend, and exponential smoothing with trend and season.
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By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. TIA. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. This enables you to see the amount produced each minute from each machine center. In other words, we first needed to find daily average demand and match it to the Littlefield Labs system capacity.
In the investigation, the results of which are presented in this study, the implications of the growing role of PMCs on the governance of global politics considers the effects of PMCs in both their military roles and their security roles. The Littlefield Technologies management group hired Team A consulting firm to help analyze and improve the operational efficiency of their Digital Satellite Systems receivers manufacturing facility. ev
us: [emailprotected]. All rights reserved. We did intuitive analysis initially and came up the strategy at the beginning of the game. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. I have made a few errors but think I stabilized. This proved to be the most beneficial contract as, long as we made sure that we had the machines necessary to accommodate the, The first time our revenues dropped at all, we found that the capacity utilization at, station 2 was much higher than at any of the other stations. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations
The company had excess space in the existing facility that could be used for the new machinery. View the full answer. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. Tap here to review the details. 1
Initial Strategy Definition
In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. Initial Strategy : When the simulation first started we made a couple of adjustments and monitored the performance of the factory for the first few days. The demand during the simulation follows a predefined pattern, which is marked by stable low demand, increasing demand, stable high demand and then demand declining sharply. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. In Littlefield, total operational costs are comprised of raw material costs, ordering costs and holding costs. 8.
We set up a spreadsheet to forecast demand ev
This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. 100% (5) 100% found this document useful (5 votes) 13K views. When the simulation first started we made a couple of adjustments and monitored the. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty .
Littlefield Technologies Executive Summary - Round 2.docx, Depends on language None of these Question No 8 Marks 1 Please choose one, A11 Mean and variance of sum of random variables Consider a set of random, In the short run the marginal cost curve crosses the average total cost curve at, Additional work is needed to better un derstand the role of stress and, 9 To become suppliers to MNEs local firms must satisfy strict requirements about, Thrombocytes and platelets function in clotting Thrombocytes are cells found in, D Direct labor hours Question 17 A company has budgeted overhead costs at its, Acts Page 200 36 Since therefore no one can gainsay this ye ought to be, A 950 B 725 C 720 D 2150 E 2750 5 A closed cylindrical tank contains 36pi cubic, Bus 321 Final GameStop Employee Retention.docx, For a 1 2 the volume element shrinks in each iteration step and goes asymp, Grid Association Matrix (Fillable)_COMPLETE.pdf, NEW UPDATED INTRODUCTION TO HUMANITIES DISSCUSION LP6 PART 1.pptx, Short-Term Memory and Working Memory.docx. Day 53 Our first decision was to buy a 2nd machine at Station 1. 113
You may use it as a guide or sample for In the game, teams are challenged to optimize the system and maximize cash flow for Littlefield Technologies, a factory that assembles Digital Satellite System Receivers from electronic kits. from the word go.
Figure 1: Day 1-50 Demand and Linear Regression Model
The few sections of negative correlation formed the basis for our critical learning points. Processing in Batches
Upon initial analysis of the first fifty days of operations, the team noticed that Station 1 had reached 100% utilization several times between days 40 and 50. Traditional military (or defense) contractors manufacture the weapons of war, provide the supplies that are required by armed forces, or perform other services that do not directly involve their personnel in combatant roles. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics
Littlefield Simulation Analysis Littlefield Initial Strategy When the simulation first started we made a couple of adjustments and monitored the performance of the factory for the first few days. Very useful for students who will do the simulation for the first time. Marcio de Godoy
However, once the initial 50 days data became available, we used forecasting analyses to predict demand and machine capacity. This article summarizes the nine contributions to the symposium on system dynamics. It was quickly determined that the machine 1 was our bottleneck, as it was the only machine with 100% utilization and excess number of jobs in the queue. after how many hours do revenues hit $0 in simulation 1. Raw material costs are fixed, therefore the only way to improve the facilitys financial performance without changing contracts is to reduce ordering and holding costs. 9,
Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. requirements? We then determined our best course of action would be to look at our average daily revenue per job (Exhibit 7) and see if we could identify any days when that was less than the maximum of $1,000/job, so we could attempt to investigate what days to check on for other issues. The results and insights generated by these contributions suggest that the greatest need for future research on system dynamics and its contribution to simulation-gaming is demonstration of improvements in learning and performance. What new decisions will you make regarding production levels and pricing for your Widget facility? The United Nations has served as a platform for discussion about this conflict and has been used as a mediator between the opposing groups as a peaceful resolution to the issues is sought. | Should have bought earlier, probably around day 55 when the utilization hits 1 and the queue spiked up to 5 |, Our next move was to determine what machines need to be purchased and how many. After all of our other purchases, utilization capacity and queuing at station. Machine stoppage data for the, One of our team members conducted a full operations analysis. Littlefield Simulation Analysis Littlefield Initial Strategy When the simulation first started we made a couple of adjustments and monitored the performance of the factory for the first few days. After contract 3 was reached, our simulation flowed very well with the maximum amount of profit for almost the full remainder of the simulation. 2,
The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. Management has used process time estimates from your first report to calculate a stable capacity configuration. Pharapreising and interpretation due to major educational standards released by a particular educational institution as well as tailored to your educational institution if different; Here are our learnings. It is necessary to manage mistakes made in strategy during the game, which can resolve issues down the road to have a successful business plan. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. The company has been functioning well in terms of generating profit and demand so far.
Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. As you continue reading, you will see my strategy unfold, the obstacles that I have faced, and the improvements that I will be developing in the near future., At this point, our team should have reevaluated our decisions, and purchased a new machine for Station 1, in order to get production moving faster to Station 2. The LT factory began production by investing most of its cash into capacity and inventory. UNSCOP recommended two solutions.
Littlefield_1_(1).pptx - 1 Littlefield Labs Simulation Professor Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary
I will classify our approach as that of hit and trial. s
In the final simulation, we corrected our mistakes. 209
Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. and
Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. 217
They want your team to look into why this is occurring, and hopefully remedy the situation. . This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. at Littlefield Technologies Spring 2007(
[PDF] System Dynamics and Simulation/Gaming | Semantic Scholar Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. In terms of choosing a priority for machine 2, we decided to switch to priority to step 2 since machine 2's utilization was consistently higher than machine 3's. We did not have any analysis or strategy at this point.
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By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Few teams, who took their time to figure out the information, to develop strategies and to make decision during the simulation made their first decisions very late (>100th day). LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. We were continuously communicating, finding bottlenecks and removing them. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. We tried not to spend our money right away with purchasing new machines since we are earning interest on it and we were not sure what the utilization would be with all three of the machines. 15
Littlefield Simulation Report. 1. BIC uses a strategy similar to the Niche Cost Leader Strategy. Reflecting on the simulation exercise, we have made both correct and incorrect decisions. We noticed that the bottleneck was not just at station 1, but at all stations, and that buying a new machine would not be the right choice to make, but rather, changing the way in which the stations processing is queued would be the better option. The goal of the symposium is to investigate how research in system dynamics is contributing to simulation-gaming, and how the more general field of simulation-gaming is influencing work in system dynamics. We've encountered a problem, please try again. Do you feel that the Bearington plant has the right equipment and technology to do the job? Revenue
In the first trial simulation, we were hesitant to add machines. demand
Do a proactive Inventory management during the simulation run. Capacity Management at Littlefield Technologies
Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days.
Littlefield Simulation Analysis - Term Paper - TermPaper Warehouse Because: Expert Answer 100% (1 rating) True In order to rectify the inventory policy, the EOQ framework was to be utiliz View the full answer While selling capacity was the correct financial decision to combat our emergency loan, we were then left with stock outs in all of our product lines. Following, we used regression analysis to forecast demand and machine productivity for the remaining of the simulation. Customer orders processed within 1 day make $1000 Customer orders that take over 3 days make no money Between 1 and 3 days revenue is a decreasing linear function. This, combined with the fact that queues were not growing in front of either Station 2 or 3, suggested that Station 1 was the bottleneck in the process. The simulation ends on day-309. 20
1 Littlefield Labs Simulation Professor: Ioannis (Yannis) Bellos Course: MBA 638 School of Business Information Systems . REVENUE
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In the initial months, demand is expected to grow at a roughly linear rate. At the same time, the queue in front of Station 2 was growing, which was odd as the machine was not completely utilized. Knowing this, I then take my output per hour and divide it by 16-hour days to find the actual production rate., 1st stage, we knew there will be bottleneck at station 1 and 3 so additional machines must be purchased. 54 | station 1 machine count | 2 |
This laboratory uses the same process as the lab encountered in your prior assignment, Capacity Management at Littlefield Labsneither the process sequence nor the process time distributions have changed. Thanks. Mission Our strategy was to keep track of each machines capacity and the order queue. 4. 1 | bigmoney1 | 1,346,320 |
The disadvantage with this approach is that it consumes a lot of time - the time, which runs at a rapid pace of three simulation days per minute. 5. They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose