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. Littlefiled simulation game 1. TIA. Clear role definitions avoid confusion and save time. You may use it as a guide or sample for 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. The company had excess space in the existing facility that could be used for the new machinery. Littlefield Technologies Simulation: Batch Sizes Analysis Littlefield Simulation 2: Occupylittlefield With our second littlefield simulation complete, we have reinforced many of the concepts and lessons learned in class. We had split the roles. Anita Lal Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products.
Reflecting on the simulation exercise, we have made both correct and incorrect decisions. The profit parameter was considered as an average. 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. 20
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. We could also see based on the. 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.
To say that we had fully understood which scheduling to choose and when, will be wrong. ; and How would you use this in determining your business plan? In addition, the data clearly showedprovided noted that the demand was going to follow an increasing trend for the initial 150 days at least. 10000
Summary of articles. My reasoning for using this strategy is that my products will be extremely useful and beneficial to its consumers; products like BIC and McDonalds are in extreme demand with the situation of todays economy. On day 97, we changed Station 2s scheduling rule to priority step 2. The few sections of negative correlation formed the basis for our critical learning points. Mission 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). 4 pages. from the word go. 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. 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.
demand
The logic behind this decision was to complete as many units as possible without delay. 81
We decided in favor of the second option.
View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. Barilla Spa: A case on Supply Chain Integration, Toyota Motor Manufacturing Inc - Case Study, Silvio Napoli at Schindler India-HBS Case Study, Forecasting Uncertainty - Obermeyer Case Study, Corporate Social Responsibility and Performance Management.docx, correctional facilities 1 Quality Nursing Writers.docx, correctional systems 1 Quality Nursing Writers.docx, Correctional unit 3 assignment Law homework help.docx, Corporate Governance and Alphabet Management Questions.docx, Corporate Social Responsibility Performance Article Analysis.docx, Corporate strategy Management homework help.docx, Correlating Data in Detection of Worms and Botnet Attacks Discussion.docx. ANSWER : Littlefield 1. Revenue
Poor inventory assessment before the simulation end can hurt. As we will see later, this was a slight mistake since the interest rate did have a profound impact on our earnings compared to other groups. The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. Littlefield Simulation - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. 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. 1. Despite this, not many teams were aware about what had to be done exactly - which I think hurt their chances. 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). From there we let the simulation run for another six days before lead times went down to less than 1, at which time we switched to contract 3.
Consequently, we lost revenues when the demand neared its peak. 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. Littlefield Technologies was developed by Sunil Kumar and . 177
A detailed data analysis and how the game progressed. Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. I was mainly responsible for the inventory . Contract Pricing
Littlefield Simulation Solutions and analytical decisons made. As expected, the contracts with lesser lead-times fetch the company higher revenues per day. Ending Cash Balance: $1,915,226 (6th Place)
Day 53 Our first decision was to buy a 2nd machine at Station 1. Jaimin Patel 121
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. We applied this innovative concept to complement the theoretical sessions, A growing body of research indicates that effective science-policy interactions demand novel approaches, especially in policy domains with long time horizons like climate change. While focusing on immediate goals keeping long term goals in mind is also important. Here are our learnings. Now customize the name of a clipboard to store your clips. Overall results and rankings. 0
However, it was because we did not create a safety margin for production which came from our over estimating our carrying costs. Activate your 30 day free trialto continue reading. OPERATIONS & STRATEGIC MANAGEMENT | |
Since the demand was fairly constant, it was not essential to change the reorder point. We made no further changes after switching to contract 3. These key areas will be discussed throughout the journal to express my understanding of the experience. After all of our other purchases, utilization capacity and queuing at station. considering the suppliers delivery lead-times of 14-days and a safety stock. Pharapreising and interpretation due to major educational standards released by a particular educational institution as well as tailored to your educational institution if different; Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. Background
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.
On obeserving very low lead-times, we switched to contract-3. 233
Initially we set the lot size to 3x20, attempting to take advantage of what we had learned from the goal about reducing the. 185
pratt10. In the final simulation, we corrected our mistakes. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. cite it correctly. By doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. Day 50
Machine stoppage data for the, One of our team members conducted a full operations analysis. Initial Strategy Definition
The best two options for the hospital to reach their goal in my opinion are, reducing the agency staff and changing the skill mix. November 4th, 2014 We knew that the initial status quo was limited by the inventory quantity. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. 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. We know from the text that Al Beck is running two eight hour shifts so the machines are running for a minimum of 16 hours per day. 20000
Chu Kar Hwa, Leonard
Station 2 never required another machine throughout the, simulation.
57
Purchasing Supplies
REVENUE
DAYS
49
257
Littlefield Simulation Report: Team A
Retrieved from https://graduateway.com/littlefield-technologies-simulation-batch-sizes/, The Family Tradition of Making a Huge Batch of Ravioli as a Cultural Identity, Differentiating Between Market Structures Simulation. 0
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. . We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. At the end of this products lifetime, demand Lead Time Management at Littlefield Labs
stuffing testing
Dont Managing Customer Responsiveness
Littlefield Technologies is a factory simulator that allows students to compete with each other over the web while developing operations management skills. This suggested that FIFO was a better strategy for Station 2, so the team switched the priority back at day 75., Before the simulation started, our team created a trend forecast, using the first 50 days of data, showing us that the bottleneck station was at Station 1. Just talk to our smart assistant Amy and she'll connect you with the best Tan Kok Wei
max revenue for unit in Simulation 1. 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. The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. Operations Policies at investment in the machine. 5
Written Assignment: Analysis of Game 2 of Littlefield Technologies Simulation Due March 14, 8:30 am in eDropbox Your group is going to be evaluated in part on your success in the game and in part on how clear, well structured and thorough your write-up is. 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 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. However, observed 100% Utilization at Station #1 with the 17x more queued kits. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. However, the majority of business. Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! 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. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. 2. This helped us focus more on our individual areas. :
At this point, all capacity and remaining inventory will be useless, and thus have no value.
Our revenue per day improved to 200 $/day. ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549%
By continuing well In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. Operations Policies at Littlefield
board
I started to decide the order quantity and reorder points based on my own gut feel but considering the previous simulation settings and live simulation behavior. 241
I will classify our approach as that of hit and trial. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. As such, the first decision to be made involved inventory management and raw material ordering. ; What are the lowest percentage mark-up items? Borrowing from the Bank
Whenever revenues reduced, we use to change the scheduling and observe if the revenue problem is resolved. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 137
The LT factory began production by investing most of its cash into capacity and inventory. Customer demand continues to be random, but the expected daily demand will not change during the labs life span. However, by that time, we had already lost huge revenues and the damage had been done. This lasted us through the whole simulation with only a slight dip in revenue during maximum demand. regarding contract management and machine additions quite early, e.g. At our first meeting we analyzed the first given 50 days so that we could get the daily average demand and SD (Standard Deviation). In November we hire 7 employees due to the increase of Holiday sales, and in December we hire 6 employees. An implication of this study is that tangible stock-flow tasks are as difficult for humans to control as are purely cognitive tasks. This article summarizes the nine contributions to the symposium on system dynamics. 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. Team Contract We did intuitive analysis initially and came up the strategy at the beginning of the game. 7. As our utilization was remaining at a constant 100%, our lead times were also increasing. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations
In the first trial simulation, we were hesitant to add machines. Get original paper in 3 hours and nail the task. In short, our inventory management could have been better towards the end. Part 1: Reasoning for Decisions
Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. Littlefield Simulation is about running a factory for 360 days with the goal to maximize the cash position at end of this duration. We did intuitive analysis initially and came up the strategy at the beginning of the game. 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. We will calculate costs associated with running a production facility. 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. The company has been functioning well in terms of generating profit and demand so far. Therefore, we took aproactive approach to buying machines and purchased a machine whenever utilization rates rose dangerously high or caused long queues. In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. s
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 new product is manufactured using the same process as the product in the assignment Capacity Management at Littlefield Technologies neither the process sequence nor the process time distributions at each tool have changed. PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. Day | Parameter | Value |
15000
Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. Correct writing styles (it is advised to use correct citations) Processing in Batches
A detailed data analysis and how the game progressed. Ketaki Gangal. This project attempts to model this game using system dynamics approach, which allows realistic representation of the production system of Littlefield . Demand is then expected to stabilize. Thus we decided to change the most pressing variable, inventory, and see where it went from there. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. (2016, Dec 02). 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. Activate your 30 day free trialto unlock unlimited reading. (Exhibit 2: Average time per batch of each station). This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. Very useful for students who will do the si, 100% found this document useful (4 votes), 100% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful, Save Littlefield Simulation Report For Later, Do not sell or share my personal information. Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. We realized that without awareness, no matter how many units we make, sales would be inefficient. However, we observed, that the option-1 due to curved graph and decreasing inventory consumption would have left us with lesser inventory than the current levels. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. In addition, because the factory is essentially bootstrapping itself financially, management is worried about the possibility of bankruptcy. DEMAND
Serious games offer. Ranking
writing your own paper, but remember to With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON
Any remaining machinery or inventory will be useless after Day 268, and thus have no residual value. 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. In June we neither hire nor fire because our units of demand are covered. Learn more in our Cookie Policy. 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. The company started off producing 20,000 units of mountain bikes. Thanks. 65
Based on our broad, We adjusted focus to our niche market, sold off capacity in the low end and traditional markets, and proceeded to decrease our production going into the next round. During the simulation start, we calculated our own economic order quantity (EOQ) and reorder points (ROP). We did many things right to win this simulation. 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. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3.
Youre not the guy? 105
In my opinion, I can purchase more machines in stations 1,, 2. We did not have any analysis or strategy at this 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. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. On day 50 of the simulation, my team, 1teamsf, decided to buy a second machine to sustain our $1,000 revenue per day and met our quoted lead time for producing and shipping receivers. View the full answer. ev
The study suggests that developing a simple ILE is essential in raising the interest of a wide audience involved in sustainable development policy making and after stakeholders gain confidence in the benefit of the ILE, it becomes easier to integrate simulation exercises into planning processes at national, regional and local levels. Section
Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). highest profit you can make in simulation 1. Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above.
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This enables you to see the amount produced each minute from each machine center. In the last simulation we relied much more heavily on our EOQ model and planned out purchases of machinery with the raise in demand. after how many hours do revenues hit $0 in simulation 1. 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. Operations Policies at Littlefield
They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. Lt Game 2 Strategy. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. Background
This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. Cash Balance
201
Our initial contract situation was contract-1, which provided a revenue of 175 $/day. 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. Other solution was to set the EOQ and the reorder points close to the initial simulation starting levels. Forecasting:
Kamal Gelya Clear role definitions avoid confusion and save time. Anise Tan Qing Ye
When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work.
We had explored few possibility of making good inventory decisions towards the day 305. These teams had to figure out their strategies and activities on the go. To give students a peak into some of these financial decisions, online simulations are used. Right now I'm doing social work by purchasing the inventory and then selling it for zero revenue. The purpose of this simulation was to effectively manage a job shop that assembles digital satellite system receivers. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary
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.