littlefield simulation 1 strategy

81 Click here to review the details. 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. 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. Rank | Team | Cash Balance ($) | We did not take any corrective measure to increase our profit margins early in the game. match. Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. Since production volume variance indicates whether the materials and production management staff is able to produce goods in accordance with long-range planned expectations, we, Elijah Heart Center is experiencing a cash flow problem, to help improve this dilemma, the goal is to save the Hospital $900,000 in the first year. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. The SlideShare family just got bigger. This added an overhead expense of approximately 2147 (Additional maintenance costs + Transfer costs). 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. Pre-production market research suggested that the average daily demand level would be somewhere between 10 orders/day and 14 orders/day. 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. 17 9 65 Private military companies, in contrast to traditional military contractors provide both direct military services and security services. 121 We were asking about each others areas and status. assume youre on board with our, https://graduateway.com/littlefield-technologies-simulation-batch-sizes/. 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. Customer Demand Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. Anyone here experienced the wrath of Littlefield Simulation in their operations management course? Whenever revenues reduced, we use to change the scheduling and observe if the revenue problem is resolved. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. I then multiplied that by the obvious 60 minutes per hour to determine the output from each machine center each hour. Decision 1 1. PMC personnel are directly involved in combatant roles when the contract provides for the delivery of military capacities. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. and [PDF] System Dynamics and Simulation/Gaming | Semantic Scholar 137 We did intuitive analysis initially and came up the strategy at the beginning of the game. Initial Strategy Definition The write-up only covers the second round, played from February 27 through March 3. 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. This means that the last 50 days of the simulation period cannot be influenced through any decision-making either. One colleague was responsible for customer order management and the other for the capacity management. 177 Hence, the effective decision-making period is between day-31 to day-309. Section Littlefield Simulation Solutions and analytical decisons made. Littlefield Simulation | Case Study Solution | Case Study Analysis They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose 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. pratt10. However, when . In the initial months, demand is expected to grow at a roughly linear rate. 20000 Create an account to follow your favorite communities and start taking part in conversations. They have purchased the recommended machinery, but are not entirely pleased with the lead time performance. 15 On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. 4 | beaters123 | 895,405 | Management trusts you will be able to effectively Responsiveness at Littlefield Technologies The logic behind this decision was to complete as many units as possible without delay. 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. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations 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. tuning A detailed data analysis and how the game progressed. Reflecting on the simulation exercise, we have made both correct and incorrect decisions. In the final simulation, we corrected our mistakes. 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. We've updated our privacy policy. But we did not know if it was the reason for the full utilization of the machinery. 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. LittlefieldPaper1026.pdf - Winning Strategy for the Littlefield By Group 4: We realized that without awareness, no matter how many units we make, sales would be inefficient. 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. It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. 49 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. Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. We did not change the production quantity. 1. 241 249 After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. Day 53 Our first decision was to buy a 2nd machine at Station 1. Start decision making early. 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. Lt Game 2 Strategy. Poor inventory assessment before the simulation end can hurt. A detailed data analysis and how the game progressed. We were interested in allocating the money towards marketing as opposed to production. us: [emailprotected]. This helped us focus more on our individual areas. Littlefield Simulation Analysis, Littlefield, Initial Strategy - StuDocu LITTLEFIELD SIMULATION REPORT To be able to give right decision and be successful in the simulation, we tried to understand the rules in a right way and analyzed yearly forecasts to provide necessary products to the customers on time (lead time) for maximizing our profit. After all of our other purchases, utilization capacity and queuing at station. to help you write a unique paper. Project Doing this simulation review it will show just how to go about making these changes to save money. 10 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. Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. 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. Figure With full utilization, we were unable to produce enough product to meet our order demands, further increasing the queues at each station and increasing our lead times (as shown)., When the simulation began, we quickly determined that there were three primary inputs to focus on: the forecast demand curve (job arrivals,) machine utilization, and queue size prior to each station. 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 could also see based on the. 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. On observing the 100% machine utilization at any given station for few consecutive days, we immediately added the new machines. Start making decisions early, i.e. 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. $400 profit. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. This article summarizes the nine contributions to the symposium on system dynamics. Revenue In the first trial simulation, we were hesitant to add machines. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. Littlefield Simulation Report. 72 hours. 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. Tap here to review the details. 201 We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. This enables you to see the amount produced each minute from each machine center. 145 Initially we set the lot size to 3x20, attempting to take advantage of w . Preparation is necessary to have an advantage. UNSCOP recommended two solutions. The lab began operations with a raw materials inventory of 160 kits and $1,000,000 cash. Jaimin Patel Littlefield Simulation - YouTube In addition, we will research and tour Darigold Inc. to evaluate their operations, providing analysis and recommended changes where we deem applicable. cite it correctly. at Littlefield Technologies Spring 2007( 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. These teams had to figure out their strategies and activities on the go. The company started off producing 20,000 units of mountain bikes. Littlefield Technologies (LT) has developed another DSS product. 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. As such, the first decision to be made involved inventory management and raw material ordering. 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 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. 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. Littlefiled simulation game 1. Solved What is the best objective and strategy for | Chegg.com Your write-up should address the following points: A brief description of what actions you chose and when. Littlefield Simulation Analysis - Term Paper - TermPaper Warehouse 100% (5) 100% found this document useful (5 votes) 13K views. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. 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. 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. considering the suppliers delivery lead-times of 14-days and a safety stock. Get original paper in 3 hours and nail the task. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. Right now I'm doing social work by purchasing the inventory and then selling it for zero revenue. . The decisions to be made are regarding buying or selling machines, setting inventory policies i.e. (Exhibit 2: Average time per batch of each station). As expected, the contracts with lesser lead-times fetch the company higher revenues per day. 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. Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. Anita Lal Course Hero is not sponsored or endorsed by any college or university. By doing so, the labor costs are significantly reduced and the unit demand will be covered. It is now nine months later, and Littlefield Technologies has developed another DSS product. 209 Just talk to our smart assistant Amy and she'll connect you with the best 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. Registration number: 419361 233 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. We used to observe revenues. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . 2013 Purpose. Uploaded by zilikos. 3. 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. In other words, we first needed to find daily average demand and match it to the Littlefield Labs system capacity. Team Contract Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. Littlefield Simulation Report | PDF | Simulation | Demand - Scribd Littlefield Technologies Simulator Hints | Techwalla 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. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics The electronic kits are acquired from the supplier. As shown by the figure above, total revenues generally followed the same trend as demand. In addition, Miltons regular supplier had hiked about the prices on the motors that he needed by 25%, while Markowitz had been able to find from a supplier overseas for 25% off temporarily to build customer base. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. Thanks. In Littlefield, total operational costs are comprised of raw material costs, ordering costs and holding costs. On day 97, we changed Station 2s scheduling rule to priority step 2. Management Strategy 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. Background 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. I was mainly responsible for the inventory management. 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. This may have helped us improve our simulation results further. Going into this game our strategy was to keep track of the utilization for each machine and the customer order queue. 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. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty . Operations Policies at Littlefield Introduction I will explain as to why I choose what I did in this paper., Comparing the difference between the production volume variance of the first and second half of the year, we noticed that during the second term, it is more favorable than the first term. Background Our strategy was to keep track of each machines capacity and the order queue. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. 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. With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON We set up a spreadsheet to forecast demand ev So, after 360 days, plant will shut down and the remaining inventories and machines will be disposed of. Managing Customer Responsiveness The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. Purpose. 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. 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. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). Littlefield Simulation . We made no further changes after switching to contract 3. 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. Management would like to increase revenue and decrease costs. Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. Accessing your factory We had split the roles. Anise Tan Qing Ye In September we fire 4 employees and October we fire 2 employees cutting our labor cost, but still reaching our unit demand. You may use it as a guide or sample for Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. Please make sure to read our rules and wiki before posting. Littlefiled simulation game 1. 10000 On Fire . Pharapreising and interpretation due to major educational standards released by a particular educational institution as well as tailored to your educational institution if different; Go for aggressive contracts, but manage lead times. Do a proactive capacity management: Job scheduling. Reddit and its partners use cookies and similar technologies to provide you with a better experience. One focus of ours during this simulation was minimizing the cost of inventory orders and stock outs. submit it as your own as it will be considered plagiarism. We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. 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. Clipping is a handy way to collect important slides you want to go back to later. ANSWER : Littlefield 1. Leena Alex DEMAND SOMETIMES THEY TAKE A FEW MINUTES TO BE PROCESSED. Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. board 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. The best two options for the hospital to reach their goal in my opinion are, reducing the agency staff and changing the skill mix. Despite this, not many teams were aware about what had to be done exactly - which I think hurt their chances. 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 Simulation Solutions and analytical decisons made. Day 53 Our first decision was to buy a 2nd machine at Station 1. A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. Littlefield Simulation Report - 1533 Words | Studymode PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. 24 hours. At our first meeting we analyzed the first given 50 days so that we could get the daily average demand and SD (Standard Deviation). 1 | bigmoney1 | 1,346,320 | 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. Littlefield Simulation | PDF | Inventory | Simulation - Scribd To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management 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. 129 Machine configuration: Contract Pricing This project attempts to model this game using system dynamics approach, which allows realistic representation of the production system of Littlefield . Littlefield Laboratories has opened a new blood testing lab. . 20 Winning Strategy for the /ittlefield Simulation *ame 9,033,750 of operational costs per year, without resorting to any radical changes that impact the continuous operations at the plant. It should not discuss the first round. There were three questions posed in our case study: What are the highest three unit profits? One solution was that we should let the inventory run out and not reorder anything. In March, April, and May will fire 4, 3, 3, employees respectively. 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. Clear role definitions avoid confusion and save time. Therefore, we took aproactive approach to buying machines and purchased a machine whenever utilization rates rose dangerously high or caused long queues. Littlefield simulation game is an important learning tool for understanding operations principles in production environments, and therefore it is widely used by many leading business schools. Overall results and rankings. Marcio de Godoy when to order how much, and quoting for the contract lead-times. Dont In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! Littlefield Simulation The decision for the customer contract is between three options. This lasted us through the whole simulation with only a slight dip in revenue during maximum demand. 2 | techwizard | 1,312,368 | Management is concerned about this outcome. One key element that caught my attention was bottleneck issues. I have made a few errors but think I stabilized. 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. We made many mistakes, but most importantly we have learned from. Figure 1: Day 1-50 Demand and Linear Regression Model As explained on in chapter 124, we used the following formula: y = a + b*x. PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. Chu Kar Hwa, Leonard We did many things right to win this simulation. Winning strategy for the Littlefield simulation game - Digital WPI Specifically, on day 0, the factory began operations with three stuffers, two testers, and one tuner, and a raw materials inventory of 9600 kits. 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. 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.