REVENUE Tan Kok Wei 249 After resolving the lead-time issues, we used to switch back the contract to contract-3. 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. Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. Serious games offer. submit it as your own as it will be considered plagiarism. While focusing on immediate goals keeping long term goals in mind is also important. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. [PDF] System Dynamics and Simulation/Gaming | Semantic Scholar In the game, teams are . It appears that you have an ad-blocker running. lead-time and WIP. Activate your 30 day free trialto continue reading. Eventually, demand should begin to decline at a roughly linear rate. The electronic kits are acquired from the supplier. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. 2013 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 decision for the customer contract is between three options. Do a proactive capacity management : Machines. 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. 3. However, observed 100% Utilization at Station #1 with the 17x more queued kits. DAYS Poor inventory assessment before the simulation end can hurt. max revenue for unit in Simulation 1. Press J to jump to the feed. Background Need a custom essay sample written specially to meet your I agree and I need help. Kamal Gelya We did not change the production quantity. Initially we set the lot size to 3x20, attempting to take advantage of w . Fortunately, none of other team were close; otherwise, this shortcoming would have mattered. As soon as we noticed our lead times drop sufficiently enough for a new contract, we upgraded immediately. Littlefield Simulation | PDF | Inventory | Simulation - Scribd 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. 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. PDF Littlefield Simulation Overview Presentation Exhibit 1 : OVERALL TEAM STANDING Pennsylvania State University 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. Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. from the word go. The simulation provided five options for cost cutting at the hospital with only two of the options available to select from, in hopes of the best result. and 24 hours. This helped us do well in our simulations. Start making decisions early, i.e. This enabled us to get even high revenues of 240 $ per day. We could also see based on the. Good teamwork is the key. 9, Furthermore, implementation of these changes would not affect in any of the daily operations schedules. 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. Simulation & Gaming. We decided in favor of the second option. Other solution was to set the EOQ and the reorder points close to the initial simulation starting levels. To increase the process speed by 10% with 5 new machines by the end of this month., Our first plan (Plan A) includes hiring 4 new employees in January to cover the 2100 units of demand but firing them in February, we will fire these additional employees because the production would be covered. Littlefield Simulation for Operations Management - Responsive We did intuitive analysis initially and came up the strategy at the beginning of the game. 4. 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. Management trusts you will be able to effectively Responsiveness at Littlefield Technologies Forecasting: tuning PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. Revenue In September we fire 4 employees and October we fire 2 employees cutting our labor cost, but still reaching our unit demand. Pharapreising and interpretation due to major educational standards released by a particular educational institution as well as tailored to your educational institution if different; PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. As shown by the figure above, total revenues generally followed the same trend as demand. We summarize the nine contributions. In order to process this increase in units, we bought 2 machines for station 1, 3 machines for station 2, and 2 machine for station 3. 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. Section Day 53 Our first decision was to buy a 2nd machine at Station 1. We will calculate costs associated with running a production facility. 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. regarding contract management and machine additions quite early, e.g. 10 However, when . 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. By accepting, you agree to the updated privacy policy. Borrowing from the Bank Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. In the initial months, demand is expected to grow at a roughly linear rate. 8. The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. highest profit you can make in simulation 1. Littlefield Simulation Report: Team A We did many things right to win this simulation. Littlefiled simulation game 1. 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. 10000 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. However, once the initial 50 days data became available, we used forecasting analyses to predict demand and machine capacity. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Inventory June 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. 193 Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. I will classify our approach as that of hit and trial. We did not have any analysis or strategy at this point. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. 265 An implication of this study is that tangible stock-flow tasks are as difficult for humans to control as are purely cognitive tasks. To maintain this strategy, I will keep the costs that go into the products low. This time, they would like your help with further lead time improvements and optimizing their inventory policy. 57 Therefore, we took aproactive approach to buying machines and purchased a machine whenever utilization rates rose dangerously high or caused long queues. Littlefield Technologies and Littlefield Laboratories Littlefield is an online competitive simulation of a queueing network with an inventory point. Figure 1: Day 1-50 Demand and Linear Regression Model Lt Game 2 Strategy. ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549% Our decisions were somewhat limited to our EOQ models completion and our risk adversity. The second Littlefield simulation game focused on lead time and inventory management in an environment with a changing demand (but the long-run average demand will not change over the products 268-day lifetime). Solved What is the best objective and strategy for | Chegg.com We did not have any analysis or strategy at this point. after how many hours do revenues hit $0 in simulation 1. Second, we controlled the inventory level with finding right QOPT (Optimal Order Quantity) and reorder point according to continuous review system method. This product also is expected to have a 268-day lifetime. Aneel Gautam All rights reserved. Whenever revenues reduced, we use to change the scheduling and observe if the revenue problem is resolved. The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. I then multiplied that by the obvious 60 minutes per hour to determine the output from each machine center each hour. There were three questions posed in our case study: What are the highest three unit profits? Specifically, on day 0, the factory began operations with three stuffers, two testers, and one tuner, and a raw materials inventory of 9600 kits. OPERATIONS & STRATEGIC MANAGEMENT | | Click here to review the details. 72 hours. Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. 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. Thanks. Littlefields management would like to be able to charge the premium prices that customers would be willing to pay for dramatically shorter lead times. Managements main concern is managing the capacity of the factory in response to the complex demand pattern. Total This same approach was used until our lead times dropped enough to consistently fulfill contact 3. 0 Operations Policies at Littlefield Littlefield Technologies is a factory simulator that allows students to compete with each other over the web while developing operations management skills. After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. 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. Anteaus Rezba 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. Processing in Batches 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. Accessing your factory 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. 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. 3 | makebigmoney | 1,141,686 | report, Littlefield Technologies Simulation: Batch Sizes Analysis. Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. We made many mistakes, but most importantly we have learned from. 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. At our first meeting we analyzed the first given 50 days so that we could get the daily average demand and SD (Standard Deviation). They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. 2 | techwizard | 1,312,368 | Littlefield Technologies Simulation: Batch Sizes Analysis - GraduateWay 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. We did many things right to win this simulation. You can read the details below. Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. Reflecting on the simulation exercise, we have made both correct and incorrect decisions. Littlefield Simulation. We set up a spreadsheet to forecast demand ev 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. 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. 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. I was mainly responsible for the inventory management. What new decisions will you make regarding production levels and pricing for your Widget facility? Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. 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. The Niche Cost Leader Strategy puts the main focus on positioning a product at an affordable price while still presenting value to its customers. Revenue DEMAND (True/False). 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. The write-up only covers the second round, played from February 27 through March 3. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics Any remaining machinery or inventory will be useless after Day 268, and thus have no residual value. Contract Pricing The company has been functioning well in terms of generating profit and demand so far. One solution was that we should let the inventory run out and not reorder anything. Very useful for students who will do the simulation for the first time. Littlefield Simulation Report. Do a proactive capacity management: Job scheduling. This added an overhead expense of approximately 2147 (Additional maintenance costs + Transfer costs). 1 Learn about MBA programs, applying to them, and what life is like while in one and afterwards. Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. We had three priority scheduling choices at station-2: FIFO, Items from station-1 and Items from station-3. Summary of articles. Jaimin Patel Here are our learnings. Winning strategy for the Littlefield simulation game - Digital WPI 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. 137 Our initial contract situation was contract-1, which provided a revenue of 175 $/day. Littlefield Simulation - SlideShare 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. We had significant advantage because we had taken decisions e.g. Consequently, we lost revenues when the demand neared its peak. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. Figure 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. 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. Leena Alex Following, we used regression analysis to forecast demand and machine productivity for the remaining of the simulation. The LT factory began production by investing most of its cash into capacity and inventory. LittlefieldPaper1026.pdf - Winning Strategy for the Littlefield Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. Demand We realized that without awareness, no matter how many units we make, sales would be inefficient. Day 53 Our first decision was to buy a 2nd machine at Station 1. Get original paper in 3 hours and nail the task. 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. Littlefield Simulation Strategy Hello Everyone! 6 | mas001 | 472,296 | As sales continued to grow over the next few simulated weeks, the process was able to keep up with demand and the lead times stayed well below 1 day, confirming that the addition of this machine was the correct decision.. 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. 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. 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. However, in July, and August, unit demand picks up and we will hire 5, and 7 employees respectively. You may use it as a guide or sample for LittleField Gam1 One-Other-Explanation - YouTube Littlefield Simulation . 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. However, this space currently was leased to another company on a year-to-year basis and was generating annual rent of. 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. Information about the two alternatives follows. 201 This essay was written by a fellow student. 1 Littlefield Labs Simulation Professor: Ioannis (Yannis) Bellos Course: MBA 638 School of Business Information Systems . On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. 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. PMC personnel may be directly involved in combatant roles when the contract provides for the delivery of security services. Overall results and rankings. On day 97, we changed Station 2s scheduling rule to priority step 2. Littlefield Laboratories has opened a new blood testing lab. Faculty can choose between two settings: a high-tech factory named Littlefield Technologies or a blood testing service named Littlefield Labs. Analysis - Littlefield Simulation Analysis Littlefield Initial Strategy 5 | donothing | 588,054 | 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. 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. It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. One focus of ours during this simulation was minimizing the cost of inventory orders and stock outs. 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. 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. 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. 25 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.