littlefield simulation 1 strategy

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. Information about the two alternatives follows. 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. As explained on in chapter 124, we used the following formula: y = a + b*x. We summarize the nine contributions. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. Choose skilled expert on your subject and get original paper with free plagiarism Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. Littlefield Technologies Part 1 - 655 Words | Studymode The winning team is the team with the most cash at the end of the game (cash on hand less debt). to help you write a unique paper. Littlefield Simulation for Operations Management - Responsive PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. 9 http://quick.responsive.net/lt/toronto3/entry.html As this is a short life-cycle product, managers expect that demand during the 268 day period will grow as customers discover the product, eventually level out, and then decline. 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. TIA. Processing in Batches In case of our plant, I have performed a detailed analysis of every activity and deduced a proposed cost structure. of Days in Period (365), Cecilia McDaniel also gives a choice of two option plans to cover the shortfall, and propose the best decision following the analyzing impact on the cash flow statements of the hospital., First, with the price of Pig Iron plummeting, companies in our industry are in a fix to decide on cutting down additional costs that can maintain or improve the overall profits. Ending Cash Balance: $1,915,226 (6th Place) after how many hours do revenues hit $0 in simulation 1. We did switch the lot size to 3 by 20 early in the simulation since we know that smaller batch sizes can speed up production. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. Overall results and rankings. Figure As soon as we noticed our lead times drop sufficiently enough for a new contract, we upgraded immediately. To minimize this threat, management policy dictates that new equipment cannot be purchased if the remaining cash balance would be insufficient to purchase at least one order quantity worth of raw materials. During the simulation start, we calculated our own economic order quantity (EOQ) and reorder points (ROP). Initially we set the lot size to 3x20, attempting to take advantage of what we had learned from the goal about reducing the lead-time and WIP. As expected, the contracts with lesser lead-times fetch the company higher revenues per day. Summary of articles. Do a proactive capacity management: Job scheduling. 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. On obeserving very low lead-times, we switched to contract-3. 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. Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. At the same time, the queue in front of Station 2 was growing, which was odd as the machine was not completely utilized. A detailed data analysis and how the game progressed. The focus of the investigation, the findings of which are presented in this essay, was on the implications for the governance of global politics of the growing role of private military companies (PMCs). Littlefield Technologies Part 1 - 664 Words | Bartleby It should not discuss the first round. Return On Investment: 549% The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics We were very eager to outperform our competition and we almost did so, but ended up in second place again with a cash balance of $2,660,393. Later however, as the demand increased, it became increasingly complex and difficult for me to predict the annual demands needed for correct EOQ and ROP calculations. 15 This decision was taken based on a demand of 91 jobs and a utilization of station 1 of 0.83 between days 143 and, After the initial observations of demand for littlefield labs (day 52), one of the first steps we took was to identify the bottleneck in the production chain. Whenever we observed the delays in lead-time management and results, we used to switch back to contract-2; our safe option not to miss on the customers lead-time promise and hence not to lose the revenues. Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. As our utilization was remaining at a constant 100%, our lead times were also increasing. We were asking about each others areas and status. Dont 225 Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. We debated whether or not these few exceptions we okay to ignore. By Group 4: This proposal, when implemented, can save up to Rs. We did not take any corrective measure to increase our profit margins early in the game. 105 While ordering and setting the next reorder points, I kept in mind that the demand is increasing and I should have sufficient safety stock (buffer), so as not to lose revenues due to inventory shortages. Borrowing from the Bank Clear role definitions avoid confusion and save time. They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose LittleField Gam1 One-Other-Explanation 20,986 views Oct 8, 2020 116 Dislike Share Save Ardavan Asef-Vaziri 407 subscribers In this talk, I elaborate on the basic decisions in Game-I LittleField. 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. 97 Serious games offer. Start decision making early. Team Report on Littlefield Technologies Simulation Exercise The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. 0 6 comments Best Add a Comment camcamtheram 2 yr. ago This suggested that perhaps the priority of scheduling needed adjustment; so on day 66 the team changed Station 2 priority from FIFO to give preference for Step 4 units. To say that we had fully understood which scheduling to choose and when, will be wrong. Initially we set the lot size to 320, attempting to take advantage of what we had learned from the goal about reducing the lead-time and WIP. The write-up only covers the second round, played from February 27 through March 3. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management 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. LT managers have decided that, after 268 days of operation, the plant will cease producing the DSS receiver, retool the factory, and sell any remaining inventories. ANSWER : Littlefield 1. When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work. First, 50 days of daily average demand was 15.50 and SD was 4.12. Ketaki Gangal. 100% (5) 100% found this document useful (5 votes) 13K views. 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). View the full answer. Decisions Made By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. The simulation ends on day-309. Start making decisions early, i.e. This button displays the currently selected search type. In the initial months, demand is expected to grow at a roughly linear rate. Accessing your factory We did many things right to win this simulation. The goal of setting the inventory policies is to avoid inventory stock outs and the decision-making is typically based on ordering the optimum inventory quantity (EOQ) at right reorder-points (ROP) i.e. You can read the details below. The company had excess space in the existing facility that could be used for the new machinery. 81 After a few months of detailed scrutiny of the numbers, we were able to make pricing decisions more quickly by using the breakeven change in volume to set the new price. Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. This enables you to see the amount produced each minute from each machine center. As a result, we continued to struggle with overproduction and avoiding stock outs, but made improvements resulting in less drastic inventory swings in the later. 9, A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. 177 DAYS We had split the roles. However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. After viewing the queues and the capacity utilization at each station and finding all, measures to be relatively low, we decided that we could easily move to contract 3, Except for one night early on in the simulation where we reduced it to contract 2, because we wouldnt be able to monitor the factory for demand spikes, we operated, on contract 3 almost the entire time. Management has used process time estimates from your first report to calculate a stable capacity configuration. In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. regarding contract management and machine additions quite early, e.g. Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary This lasted us through the whole simulation with only a slight dip in revenue during maximum demand. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. s 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. Operations Policies at investment in the machine. This same approach was used until our lead times dropped enough to consistently fulfill contact 3. We use cookies to give you the best experience possible. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. By doing so, the labor costs are significantly reduced and the unit demand will be covered. The British supported the establishment of a Jewish state in the area and Jewish immigration was greatly increasing especially following the Holocaust during World War II. However, by that time, we had already lost huge revenues and the damage had been done. Purpose. We've updated our privacy policy. In addition, the data clearly showedprovided noted that the demand was going to follow an increasing trend for the initial 150 days at least. Nevertheless, although we ranked 4th (Exhibit 1: OVERALL TEAM STANDING), we believe we gained a deeper understanding of queuing theory and have obtained invaluable experience from this exercise. This added an overhead expense of approximately 2147 (Additional maintenance costs + Transfer costs). However, to reduce holding costs and ordering costs t [ As our contracts changed, our lead times changed the problem of inventory reorder points ] After we signed to contract 3, we made few changes to the factory. | 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. Littlefield Technologies - Responsive Littlefield Simulation Report: Team A We set up a spreadsheet to forecast demand ev Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. 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. This was determined by looking at the rate of utilization of the three machines and the number of jobs in the queue waiting for these machines. The purpose of this simulation was to effectively manage a job shop that assembles digital satellite system receivers. 1 Littlefield Labs Simulation Professor: Ioannis (Yannis) Bellos Course: MBA 638 School of Business Information Systems . Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. Upon the preliminary meeting with Littlefield management, Team A were presented with all pertinent data from the first 50 days of operations within the facility in order for the firm to analyze and develop an operational strategy to increase Littlefields throughput and ultimately profits. This essay was written by a fellow student. Our goal is to function as a reciprocal interdependent team, using each members varied skills and time to complete tasks both well and on time. Winning strategy for the Littlefield simulation game - Digital WPI Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! This was determined by looking at the rate of utilization of the three machines and the number of jobs in the queue waiting for these machines. Moreover, my research reveals that just by reducing 10% of the current workforce and decreasing the wheel loader system from 10 to 9 would allow us to reach above projected savings. Why? On 28 April 1947 a special session of the UN General Assembly established the Special Committee on Palestine (UNSCOP), which had the task of investigating all of the questions surrounding the problems in Palestine and to recommend solutions to be considered by the General Assembly later that year. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty . The logic behind this decision was to complete as many units as possible without delay. Introduction We learned the lesson from that simulation that we should have added machines much earlier. 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. Even if negotiations succeeded, however, a binding treaty could not be ratified or implemented, By clicking accept or continuing to use the site, you agree to the terms outlined in our. BIC uses a strategy similar to the Niche Cost Leader Strategy. We were afraid to go to the 5 by 12 because of the large setup time at stations one. Winning Strategy for the /ittlefield Simulation *ame cite it correctly. Purpose. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. In June we neither hire nor fire because our units of demand are covered. 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. On day 97, we changed Station 2s scheduling rule to priority step 2. Although the process took a while to completely understand during the initial months of the simulation, the team managed to adjust, learn quickly and finish in 7th place with a cash balance of $1,501,794. The electronic kits are acquired from the supplier. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. Need a custom essay sample written specially to meet your A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. Littlefield Simulation - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Eventually, demand should begin to decline at a roughly linear rate. Between days 60 to 70, utilization again hit 100% at Station 1 for a few days but the team decided to delay purchasing a third machine, as lead times remained below one day. . Littlefield_1_(1).pptx - 1 Littlefield Labs Simulation Professor The few sections of negative correlation formed the basis for our critical learning points. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Littlefield Technologies is an effective teaching tool that the students seem to really enjoy and the students are forced to think logically about the problems that they are facing and they learn from iterative experimentation. PMC personnel providing security services must be prepared to engage in combatant roles; however, much of their duties will be as guards to prevent breeches of security. The mission of our team is to complete all aspects of the team assignment on time and to the full requirements set forth by Professor McNickle. Littlefield Simulation | PDF | Inventory | Simulation - Scribd In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. By doing so we have a Gross profit of $1,125,189, |production increase. board Littlefield Laboratories has opened a new blood testing lab. Contract Pricing 2 | techwizard | 1,312,368 | At day 97, our team ranked first in the overall standing, and wanted to try to maintain this standing for the rest of the simulation., Finally, on day 150 we try an all in strategy spending $160.000 in 1 machine for station 1 and 2 to increase the capacity and to process jobs only on conditions of contract 3. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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 However, there will be a 20% increase in demand for the next month of operations as predicted by management, and the production and supply management's problems may come as a problem they can no longer afford. Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. Initial Strategy Definition Anyone here experienced the wrath of Littlefield Simulation in their operations management course? Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. Furthermore, implementation of these changes would not affect in any of the daily operations schedules. However, management has found that historic lead times[1] during the first 50 days of production often extend into several days, and so they have been unwilling to quote the shorter lead times to customers. 10 However on observing the further utilization problems and the fact that machine at station-1 costed only 25000 $, we decided to add the 8th machine. Littlefield Simulation Analysis, Littlefield, Initial Strategy UNSCOP recommended two solutions. 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. Figure 1: Day 1-50 Demand and Linear Regression Model Go for aggressive contracts, but manage lead times. At the end of day 350, the factory will shut down and your final cash position will be determined. Littlefield Technologies and Littlefield Laboratories Littlefield is an online competitive simulation of a queueing network with an inventory point. Littlefield Simulation Solutions and analytical decisons made. Hence, we will increase our capacity levels where demand is forecasted to peak. Delays resulting from insufficient capacity undermine LTs promised lead times and ultimately force LT to turn away orders. Aneel Gautam Markowicz felt that he had a primary responsibility to the company to ensure that the production process runs smoothly at his plant, and after the first half of 2010, it reported profitable operations and net cash inflows from investing activities was positive for the first time in three years and had already reached $250,000 in just the first half of the year. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. This time, they would like your help with further lead time improvements and optimizing their inventory policy. As shown by the figure above, total revenues generally followed the same trend as demand. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . This helped us focus more on our individual areas. 17 ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549% We had intense debate in the team, whether to add new machines further or not. The SlideShare family just got bigger. To account for the unpredictability in demand and the possibility of getting many consecutive high demand days, we stayed with a reorder point greater than our estimate. We had huge inventories (12000) left at the end of the simulation. As such, the first decision to be made involved inventory management and raw material ordering. LittleField Gam1 One-Other-Explanation - YouTube Steve was concerned about the potential loss of customers and suggested that Prairie Winds purchase a second pasta production machine for $40 million. 72 hours. Background submit it as your own as it will be considered plagiarism. We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. Demand is then expected to stabilize. Our revenue per day improved to 200 $/day. 217 We could also see based on the. PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. 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. One key element that caught my attention was bottleneck issues. We wanted machine 3 to never be idle and thus, kept the priority at 2. Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. . Private military companies, in contrast to traditional military contractors provide both direct military services and security services. As demand began to rise we saw that capacity utilization was now highest at station 1. 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. Littlefield Stimulation - Pre-Little Field Paper - StuDocu In addition, we will research and tour Darigold Inc. to evaluate their operations, providing analysis and recommended changes where we deem applicable. In Littlefield, total operational costs are comprised of raw material costs, ordering costs and holding costs. Management requires a 10% rate of return on its investments. Managing Customer Responsiveness At the time that the United Nations was founded, Great Britain administered the area of Palestine as a result of a mandate that had been assigned to them by the League of Nations. Click here to review the details. Having excess inventory, we concluded that 20,000 units should be enough considering our quality has not changed and our advertising will not increase the sales dramatically. The company has been functioning well in terms of generating profit and demand so far. This weeks key learning areas have been eye opening and worthwhile. In the game, teams are . We knew that we needed to increase capacity and the decision was made to purchase another machine 1., BIC is a product that has been extremely successful, offering items such as a low-cost disposable razor, and pens that add value to the user at an affordable price. 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. 73 $400 profit. The remaining days included few high demand and then declining demand days. Team Contract We decided to purchase an additional machine for station 1 because it was $10,000 cheaper, utilization was higher here, and this is where all the orders started. highest profit you can make in simulation 1. This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. Activate your 30 day free trialto continue reading. You can update your choices at any time in your settings. Summary of articles. In other words, we first needed to find daily average demand and match it to the Littlefield Labs system capacity.