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. Your write-up should address the following points: A brief description of what actions you chose and when. On Fire . 9 (True/False). In this simulation we decided to take the message of The Goal and apply it as fast as we could. Management is currently quoting 7-day lead times, but management would like to charge the higher prices that customers would pay for dramatically shorter lead times. In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. We nearly bought a machine there, but this would have been a mistake. 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. Global negotiations to reduce greenhouse gas (GHG) emissions have so far failed to produce an agreement. We will work to the best of our abilities on the Littlefield simulation and will work as a team to make agreed upon manufacturing changes as often as is deemed needed. Project In June we neither hire nor fire because our units of demand are covered. Day 53 Our first decision was to buy a 2nd machine at Station 1. Exhibit 1 : OVERALL TEAM STANDING As our utilization was remaining at a constant 100%, our lead times were also increasing. 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. 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. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . 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. Uploaded by zilikos. 0 6 comments Best Add a Comment camcamtheram 2 yr. ago The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. Summary of articles. 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. Decision 1 Initial Strategy Definition Mission They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. I will classify our approach as that of hit and trial. Here are our learnings. 201 169 board Station 2 never required another machine throughout the, simulation. pratt10. Because all stations were at times operating at full, we knew that all would create a bottleneck if left to operate as is. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Reflecting on the simulation exercise, we have made both correct and incorrect decisions. 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. At the same time, the queue in front of Station 2 was growing, which was odd as the machine was not completely utilized. 8. Base on the average time taken to process 1 batch of job arrivals, we were able to figure out how Thundercats Right now I'm doing social work by purchasing the inventory and then selling it for zero revenue. ; and How would you use this in determining your business plan? Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. demand Team Management trusts you will be able to effectively Responsiveness at Littlefield Technologies 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. We did not have any analysis or strategy at this point. and SOMETIMES THEY TAKE A FEW MINUTES TO BE PROCESSED. We set up a spreadsheet to forecast demand ev The electronic kits are acquired from the supplier. Private military companies, in contrast to traditional military contractors provide both direct military services and security services. BLUEs: Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. Operations Policies at Littlefield We did intuitive analysis initially and came up the strategy at the beginning of the game. This helped us focus more on our individual areas. This work reports a laboratory experiment in which managerial performance in dynamic tasks is improved by improving the quality of decisions made in the context of a dynamic environment. Demand is then expected to stabilize. In the Littlefield Simulation it would have been better on Day 51 to switch to the order quantity as recommended by the EOQ framework in order to minimize costs. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. When the simulation first started we made a couple of adjustments and monitored the. 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. 6. 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. After some discussion we came to the conclusion that the cost of buying another machine would far outweigh the small loss of revenue of each of these occurrences. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. One key element that caught my attention was bottleneck issues. Ending Cash Balance: $1,915,226 (6th Place) 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. $400 profit. Littlefield Simulation. 4 pages. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. 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. 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. We had split the roles. It is now nine months later, and Littlefield Technologies has developed another DSS product. 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. 161 In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. 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 product also is expected to have a 268-day lifetime. 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. 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. We had huge inventories (12000) left at the end of the simulation. 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. s 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. Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. This enabled us to get even high revenues of 240 $ per day. To give students a peak into some of these financial decisions, online simulations are used. (2016, Dec 02). Rank | Team | Cash Balance ($) | Tan Kok Wei 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. 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. Purpose. when to order how much, and quoting for the contract lead-times. Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. On day 97, we changed Station 2s scheduling rule to priority step 2. OPERATIONS & STRATEGIC MANAGEMENT | | As explained on in chapter 124, we used the following formula: y = a + b*x. after how many hours do revenues hit $0 in simulation 1. : But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations At this point our orders we getting out on time with few exceptions. 41 By doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. This decision was taken based on a demand of 91 jobs and a utilization of station 1 of 0.83 between days 143 and, This paper will provide an analysis of 2 production scenarios. Borrowing from the Bank 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. Clipping is a handy way to collect important slides you want to go back to later. Lt Game 2 Strategy. | 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. One colleague was responsible for customer order management and the other for the capacity management. 4. A detailed data analysis and how the game progressed. Revenue 54 | station 1 machine count | 2 | We made no further changes after switching to contract 3. 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Specifically, on day 0, the factory began operations with three stuffers, two testers, and one tuner, and a raw materials inventory of 9600 kits. . Please make sure to read our rules and wiki before posting. Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. Background 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. to help you write a unique paper. Simulation & Gaming. We've encountered a problem, please try again. Therefore, we took aproactive approach to buying machines and purchased a machine whenever utilization rates rose dangerously high or caused long queues. In addition, because the factory is essentially bootstrapping itself financially, management is worried about the possibility of bankruptcy. Steve was concerned about the potential loss of customers and suggested that Prairie Winds purchase a second pasta production machine for $40 million. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. 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. 137 Anise Tan Qing Ye We learned the lesson from that simulation that we should have added machines much earlier. Last year our forecast sales were 24,000 when we only sold 19,866; therefore we thought it would be best to leave production at 20,000 bikes. http://quick.responsive.net/lt/toronto3/entry.html PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. We have reinforced many of the concepts and lessons learned in class and had a better understanding of the operation of the Littlefield Technologies facility and how certain modifications would affect the throughput and lead time. Now customize the name of a clipboard to store your clips. When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work. However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. 1 Good teamwork is the key. The decision for the customer contract is between three options. Preplan should include your strategy for the game and the analysis your group did to arrive at that strategy. Free access to premium services like Tuneln, Mubi and more. Littlefield Technologies is a factory simulator that allows students to compete with each other over the web while developing operations management skills.