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 We did not take any corrective measure to increase our profit margins early in the game. Preplan should include your strategy for the game and the analysis your group did to arrive at that strategy. Background Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. In particular, if an Littlefield Technologies Assignment The company started off producing 20,000 units of mountain bikes. Closer to Day 50, shop floor space constraints are limiting the number of jobs being accepted into the factory. 33 This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. lead-time and WIP. 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. 1. Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. 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. These key areas will be discussed throughout the journal to express my understanding of the experience. Lt Game 2 Strategy. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. Research shows that learning and task performance improve when participants in management exercises understand the structure of the system they control. 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. 65 Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. 89 requirements? 2 | techwizard | 1,312,368 | Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. 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. Free access to premium services like Tuneln, Mubi and more. Anita Lal 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. It should not discuss the first round. 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. 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. Second, we controlled the inventory level with finding right QOPT (Optimal Order Quantity) and reorder point according to continuous review system method. 129 Littlefield Technologies (LT) has developed another DSS product. We did not have any analysis or strategy at this point. 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. Forecasting: At the same time, the queue in front of Station 2 was growing, which was odd as the machine was not completely utilized. ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549% We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. Private military companies, in contrast to traditional military contractors provide both direct military services and security services. tuning 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. Analysis of the First 50 Days The goal of setting the inventory policies is to avoid inventory stock outs and the decision-making is typically based on ordering the optimum inventory quantity (EOQ) at right reorder-points (ROP) i.e. We debated whether or not these few exceptions we okay to ignore. Following, we used regression analysis to forecast demand and machine productivity for the remaining of the simulation. BLUEs: Steve was concerned about the potential loss of customers and suggested that Prairie Winds purchase a second pasta production machine for $40 million. Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. 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. 5000 On observing the 100% machine utilization at any given station for few consecutive days, we immediately added the new machines. It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. 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. 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. 10 We did many things right to win this simulation. Littlefield Simulation Solutions and analytical decisons made. The decision making for the machines is typically based on the utilization of machines. Here is a discussion of the pros and cons regarding the decisions we made. 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. Press J to jump to the feed. Semantic Scholar is a free, AI-powered research tool for scientific literature, based at the Allen Institute for AI. Very useful for students who will do the simulation for the first time. We did intuitive analysis initially and came up the strategy at the beginning of the game. ; What are the lowest percentage mark-up items? ev Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. 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. This helped us focus more on our individual areas. highest profit you can make in simulation 1. 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. Nevertheless, although we ranked 4th (Exhibit 1: OVERALL TEAM STANDING), we believe we gained a deeper understanding of queuing theory and have obtained invaluable experience from this exercise. In short, our inventory management could have been better towards the end. This left the factory with zero cash on hand. 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. on 54th day. Delays resulting from insufficient capacity undermine LTs promised lead times and ultimately force LT to turn away orders. By Group 4: Jaimin Patel 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 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. 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. Eventually, demand should begin to decline at a roughly linear rate. Decision 1 Furthermore, implementation of these changes would not affect in any of the daily operations schedules. Background Doing this simulation review it will show just how to go about making these changes to save money. Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. Press question mark to learn the rest of the keyboard shortcuts. This helped us do well in our simulations. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. Course Hero is not sponsored or endorsed by any college or university. Machine configuration: 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. Revenue Looks like youve clipped this slide to already. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. 177 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. This laboratory uses the same process as the lab encountered in your prior assignment, Capacity Management at Littlefield Labsneither the process sequence nor the process time distributions have changed. 73 Any remaining machinery or inventory will be useless after Day 268, and thus have no residual value. 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. Littlefield Simulation . Faculty can choose between two settings: a high-tech factory named Littlefield Technologies or a blood testing service named Littlefield Labs. Littlefield Technologies is a factory simulator that allows students to compete with each other over the web while developing operations management skills. In March, April, and May will fire 4, 3, 3, employees respectively. REVENUE 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. 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. DAYS 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. 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. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. In the initial months, demand is expected to grow at a roughly linear rate. 4 pages. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. The company has been functioning well in terms of generating profit and demand so far. Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. Littlefield Technologies was developed by Sunil Kumar and . In November we hire 7 employees due to the increase of Holiday sales, and in December we hire 6 employees. Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! What new decisions will you make regarding production levels and pricing for your Widget facility? 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. I agree and I need help. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty . Revenue Littlefield Simulation Strategy Hello Everyone! Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. 1. By accepting, you agree to the updated privacy policy. It is now nine months later, and Littlefield Technologies has developed another DSS product. Project As explained on in chapter 124, we used the following formula: y = a + b*x. They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose Clipping is a handy way to collect important slides you want to go back to later. 15000 Management Strategy 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. 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. The profit parameter was considered as an average. 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. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. The logic behind this decision was to complete as many units as possible without delay. Fortunately, none of other team were close; otherwise, this shortcoming would have mattered. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary 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 the first trial simulation, we were hesitant to add machines. 2013 after what period of time does revenue taper off in Simulation 1. 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. 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. 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. 15 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. Unfortunately not, but my only advice is that if you don't know what you're doing, do as little as possible so at least you will stay relatively in the middle Inventory June 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. A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. Activate your 30 day free trialto unlock unlimited reading. Specifically, on day 0, the factory began operations with three stuffers, two testers, and one tuner, and a raw materials inventory of 9600 kits. Here are our learnings. 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 summarize the nine contributions. The LT factory began production by investing most of its cash into capacity and inventory. This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. We had huge inventories (12000) left at the end of the simulation. As shown by the figure above, total revenues generally followed the same trend as demand. Initially we set the lot size to 3x20, attempting to take advantage of w . 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. 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. This weeks key learning areas have been eye opening and worthwhile. 20 Now customize the name of a clipboard to store your clips. At this point, all capacity and remaining inventory will be useless, and thus have no value. 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. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. 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. Kamal Gelya 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. 2, 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. However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. Youre not the guy? 217 3 | makebigmoney | 1,141,686 | 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. Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. 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. 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. 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. 25 After contract 3 was reached, our simulation flowed very well with the maximum amount of profit for almost the full remainder of the simulation. ANSWER : Littlefield 1. Please make sure to read our rules and wiki before posting. Littlefield Simulation Report. Do you feel that the Bearington plant has the right equipment and technology to do the job? As our utilization was remaining at a constant 100%, our lead times were also increasing. After resolving the lead-time issues, we used to switch back the contract to contract-3. 113 To maintain this strategy, I will keep the costs that go into the products low. 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. 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. 20000 Purpose. Operations Policies at Littlefield The decision for the customer contract is between three options. Check out my presentation for Reorder. 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. This suggested that perhaps the priority of scheduling needed adjustment; so on day 66 the team changed Station 2 priority from FIFO to give preference for Step 4 units. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. Because all stations were at times operating at full, we knew that all would create a bottleneck if left to operate as is. 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 SlideShare family just got bigger. Need a custom essay sample written specially to meet your Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 241 You may use it as a guide or sample for Littlefield Simulation 2: Occupylittlefield With our second littlefield simulation complete, we have reinforced many of the concepts and lessons learned in class. 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. In my opinion, I can purchase more machines in stations 1,, 2. I was mainly responsible for the inventory management. Overall results and rankings. 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 decision depends on the expected lead-time, which we promise to the customer. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. The difference between remaining at $750/order vs. $1250/order could have been as high as 1.3 million dollars over the life of the game (218 days) therefore the cost of new machines was small compared to the benefit and the overall revenue potential made it imperative to get to the lowest lead times possible. Supplemental understanding of the topic including revealing main issues described in the particular theme; Reducing agency staff is a smart choice because it can eliminate contracted salaries which cost a, The machine efficiency data was analysed, this included machine running speed and machine operational stoppages. All rights reserved. Littlefield Simulation 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. 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. BIC uses a strategy similar to the Niche Cost Leader Strategy. Moreover, we also saw that the demand spiked up. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. We had split the roles. In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. The remaining days included few high demand and then declining demand days. Contract Pricing 2. In the investigation, the results of which are presented in this study, the implications of the growing role of PMCs on the governance of global politics considers the effects of PMCs in both their military roles and their security roles. Information about the two alternatives follows. 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. Return On Investment: 549% 169 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. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Choose skilled expert on your subject and get original paper with free plagiarism Littlefield Technologies Executive Summary - Round 2.docx, Depends on language None of these Question No 8 Marks 1 Please choose one, A11 Mean and variance of sum of random variables Consider a set of random, In the short run the marginal cost curve crosses the average total cost curve at, Additional work is needed to better un derstand the role of stress and, 9 To become suppliers to MNEs local firms must satisfy strict requirements about, Thrombocytes and platelets function in clotting Thrombocytes are cells found in, D Direct labor hours Question 17 A company has budgeted overhead costs at its, Acts Page 200 36 Since therefore no one can gainsay this ye ought to be, A 950 B 725 C 720 D 2150 E 2750 5 A closed cylindrical tank contains 36pi cubic, Bus 321 Final GameStop Employee Retention.docx, For a 1 2 the volume element shrinks in each iteration step and goes asymp, Grid Association Matrix (Fillable)_COMPLETE.pdf, NEW UPDATED INTRODUCTION TO HUMANITIES DISSCUSION LP6 PART 1.pptx, Short-Term Memory and Working Memory.docx.