View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. We learned the lesson from that simulation that we should have added machines much earlier. Press question mark to learn the rest of the keyboard shortcuts. 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. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management 2013 In the first trial simulation, we were hesitant to add machines. 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. Section When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work. Part 1: Reasoning for Decisions By continuing well 9 PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. Management trusts you will be able to effectively Responsiveness at Littlefield Technologies 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. 89 49 Decisions Made At the end of day 350, the factory will shut down and your final cash position will be determined. Moreover, we also saw that the demand spiked up. 4. Course Hero is not sponsored or endorsed by any college or university. Analysis of the First 50 Days Pre-production market research suggested that the average daily demand level would be somewhere between 10 orders/day and 14 orders/day. Operations Policies at Littlefield In September we fire 4 employees and October we fire 2 employees cutting our labor cost, but still reaching our unit demand. After all of our other purchases, utilization capacity and queuing at station. The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. The simulation ends on day-309. Littlefield Technologies charges a premium and competes by promising to ship a receiver within 24 hours of receiving the order, or the customer will receive a rebate based on the delay. Need a custom essay sample written specially to meet your The results support the value of simulations for building operational understanding of accumulations and suggest design considerations that may further increase the effectiveness of such SBLEs. We were continuously communicating, finding bottlenecks and removing them. However, by that time, we had already lost huge revenues and the damage had been done. We also reorder point (kits) and reorder quantity (kits), giving us a value of 49 and 150., 66 | Buy Machine 3 | Both Machine 1 and 3 reached the bottleneck rate as the utilizations at day 62 to day 66 were around 1. 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. 100% (5) 100% found this document useful (5 votes) 13K views. This was met by opposition from the Arab population in Palestine and, as violence between the groups increased, the British were forced to turn the region over to the United Nations. Overall results and rankings. Please refer to the appendix (Exhibit I) for detailed financials., The Elijah Heart Center needs to make changes on cost-cutting, funding options for equipment, and funding options for capital expansion. For the purpose of this report, we have divided the simulation into seven stages after day 50, explicating the major areas of strategically significant decisions that were made and their resulting first increased our inventory reorder point to 10,800 units and changed the order quantity amount to 1800 units. In March, April, and May will fire 4, 3, 3, employees respectively. PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. PMC personnel are directly involved in combatant roles when the contract provides for the delivery of military capacities. Please make sure to read our rules and wiki before posting. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Shortly after day 50, we switched to the contract-2. Any remaining machinery or inventory will be useless after Day 268, and thus have no residual value. The write-up only covers the second round, played from February 27 through March 3. Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. The decision depends on the expected lead-time, which we promise to the customer. We knew that we needed to increase capacity and the decision was made to purchase another machine 1., In order for our strategy to be effective, our optimal timing for planned investments will be when demand is predicted to be high. 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. We had significant advantage because we had taken decisions e.g. Rank | Team | Cash Balance ($) | As day 7 and day 8 have 0 job arrivals, we used day 1-6 figures to calculate the average time for each station to process 1 batch of job arrivals. Purpose. Purchasing Supplies In complex simulation-based learning environments, participants learning and performance may suffer due to demands on their cognitive processing, their struggle to develop adequate mental models, Background. Anise Tan Qing Ye The company has been functioning well in terms of generating profit and demand so far. 5000 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. Good teamwork is the key. 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. I was mainly responsible for the inventory management. 121 The LT factory began production by investing most of its cash into capacity and inventory. In my opinion, I can purchase more machines in stations 1,, 2. We ended up with a total of 6 machines at station one, which allowed two orders to be simultaneously worked on with a batch of 3 x 20. In the initial months, demand is expected to grow at a roughly linear rate. match. to help you write a unique paper. BIC uses a strategy similar to the Niche Cost Leader Strategy. Littlefield Simulation . Littlefield Simulation Strategy Hello Everyone! Delays resulting from insufficient capacity undermine LTs promised lead times and ultimately force LT to turn away orders. 17 5 PM on February 22 . Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. Based on initial management analyses, customer demand for this new product is expected to be random, but the average demand will be level over the products 268-day lifetime. A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. Another approach, which we could have followed for the decision-making could have been always decide the EOQ and ROP based on our demand-estimations and our own calculations. Free access to premium services like Tuneln, Mubi and more. 0 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. However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. 25000 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. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. Forecasting: 9 Fortunately, none of other team were close; otherwise, this shortcoming would have mattered. At this point, all capacity and remaining inventory will be useless, and thus have no value. and 177 Revenue Dont 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 best two options for the hospital to reach their goal in my opinion are, reducing the agency staff and changing the skill mix. Managing Customer Responsiveness 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. 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. cost for each test kit in Simulation 1 &2. Here are our learnings. 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. 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. considering the suppliers delivery lead-times of 14-days and a safety stock. 5. A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose One colleague was responsible for customer order management and the other for the capacity management. 0 The purpose of this simulation was to effectively manage a job shop that assembles digital satellite system receivers. 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. Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. In addition, the data clearly showedprovided noted that the demand was going to follow an increasing trend for the initial 150 days at least. This study aims to contribute to the ongoing debate on behavioral operational research (BOR), specifically discussing the potential of system dynamics (SD) models to analyze decision-making, 5th International Conference on Higher Education Advances (HEAd'19), Game-based learning refers to the use of game thinking and mechanics to engage and motivate students in the learning process. Anita Lal Activate your 30 day free trialto unlock unlimited reading. Consequently, we lost revenues when the demand neared its peak. We did less messing around with the lot size and priority since these were definitely less important to the overall success of your factory than the number of machines you had. The lab began operations with a raw materials inventory of 160 kits and $1,000,000 cash. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. 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. 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. regarding contract management and machine additions quite early, e.g. Create an account to follow your favorite communities and start taking part in conversations. 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. By doing so we have a Gross profit of $1,125,189, |production increase. 5 The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. submit it as your own as it will be considered plagiarism. Youre not the guy? One key element that caught my attention was bottleneck issues. 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. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary Our decisions were somewhat limited to our EOQ models completion and our risk adversity. 1. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . Check out my presentation for Reorder. The only expense we thought of was interest expense, which was only 10% per year. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. 201 73 Littlefield Simulation. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. We did intuitive analysis initially and came up the strategy at the beginning of the game. 33 REVENUE http://quick.responsive.net/lt/toronto3/entry.html 1. You can read the details below. Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. Day 53 Our first decision was to buy a 2nd machine at Station 1. . 1. This weeks key learning areas have been eye opening and worthwhile. 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. Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. The five options for cost cutting are reducing agency staff, downsizing staff, reducing benefits, changing the skill mix, and reducing length of stay for the patients. | 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. They have purchased the recommended machinery, but are not entirely pleased with the lead time performance. 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. Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. This helped us do well in our simulations. Click here to review the details. This proposal, when implemented, can save up to Rs. Because all stations were at times operating at full, we knew that all would create a bottleneck if left to operate as is. 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). Station 2 never required another machine throughout the, simulation. 9, Customer Demand Littlefield Stimulation field paper group strategies for the little field simulation game our primary goal for the little field simulation game is to meet the DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions Southern New Hampshire University StuDocu University Hence, we will increase our capacity levels where demand is forecasted to peak. Here are our learnings. Littlefield Laboratories has opened a new blood testing lab. Capacity Management at Littlefield Technologies Overall results and rankings. Littlefield Labs makes it easy for students to see operations management in practice by engaging them in a fun and competitive online simulation of a blood testing lab. 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. Doing this simulation review it will show just how to go about making these changes to save money. In the game, teams are . Although we had the choice to produce as much as 30,000 units, we felt as though we did not have sufficient money to increase production. 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. Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! Borrowing from the Bank As explained on in chapter 124, we used the following formula: y = a + b*x. Inventory June As our utilization was remaining at a constant 100%, our lead times were also increasing. 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. TIA. Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. Background As expected, the contracts with lesser lead-times fetch the company higher revenues per day. at Littlefield Technologies Spring 2007( We've updated our privacy policy. Simulation & Gaming. Our goal was to buy additional machines whenever a station reached about 80% of capacity. Ending Cash Balance: $1,915,226 (6th Place) In case you can't find a relevant example, our professional writers are ready after what period of time does revenue taper off in Simulation 1. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. on 54th day. In addition, because the factory is essentially bootstrapping itself financially, management is worried about the possibility of bankruptcy. An implication of this study is that tangible stock-flow tasks are as difficult for humans to control as are purely cognitive tasks. 8. 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. The logic behind this decision was to complete as many units as possible without delay. We noticed that around day 31, revenues dipped slightly, despite the fact that the simulation was still nowhere near peak demand, suggesting that something was amiss in our process. 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. 7. Graduateway.com is owned and operated by Radioplus Experts Ltd The profit parameter was considered as an average. Management would like to increase revenue and decrease costs. Managements main concern is managing the capacity of the factory in response to the complex demand pattern. 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 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. DAYS Now customize the name of a clipboard to store your clips. We did many things right to win this simulation. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. (Points: 30) |, The aim of this report is to provide an overview of businesses simulations through TOPSIM, a business management game that establishes a link between business management theory and business management in practice., The production capacity in my first 2 quarters was low but only because it was upcoming, The above table showing the total capacity per hour of each machine center was calculated by taking the number of machines and multiplying them by the run time per piece per minute. Reddit and its partners use cookies and similar technologies to provide you with a better experience. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations : Press J to jump to the feed. In the final simulation, we corrected our mistakes. 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These key areas will be discussed throughout the journal to express my understanding of the experience. Having more machines seemed like a win-win situation since it does not increase our expenses of running the business, yet decreases our risk of having lead times of over a day. 41 We've encountered a problem, please try again. The product lifetime of many high-tech electronic products is short, and the DSS receiver is no exception. 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. Closer to Day 50, shop floor space constraints are limiting the number of jobs being accepted into the factory. Thanks. With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON Base on the average time taken to process 1 batch of job arrivals, we were able to figure out how Thundercats By doing so, the labor costs are significantly reduced and the unit demand will be covered. Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. I agree and I need help. Littlefield Technologies (LT) has developed another DSS product. Purpose. At the same time, the queue in front of Station 2 was growing, which was odd as the machine was not completely utilized. 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. 145 2 | techwizard | 1,312,368 | Our final machine configuration (which was set on Day 67) was 3 machine 1's, 2 machine 2's, and2 machine 3's. 24 hours. Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. However, the majority of business. Not a full list of every action, but the getting second place on the first Littlefield simulation game we knew what we needed to do to win the second simulation game. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. 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. OPERATIONS & STRATEGIC MANAGEMENT | | 10000 We summarize the nine contributions. In other words, we first needed to find daily average demand and match it to the Littlefield Labs system capacity. Our revenue per day improved to 200 $/day. You can update your choices at any time in your settings. Ketaki Gangal. 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. Despite this, not many teams were aware about what had to be done exactly - which I think hurt their chances. 3 | makebigmoney | 1,141,686 | 65 We had huge inventories (12000) left at the end of the simulation. highest profit you can make in simulation 1.