A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. This essay was written by a fellow student. Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. Activate your 30 day free trialto unlock unlimited reading. 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. Going into this game our strategy was to keep track of the utilization for each machine and the customer order queue. 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. 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. 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. Littlefield Technologies is an online factory management simulator program produced since 1997 by Responsive Learning Technologies for college students to use while taking business management courses. We were afraid to go to the 5 by 12 because of the large setup time at stations one. Clipping is a handy way to collect important slides you want to go back to later. Littlefield Stimulation - Pre-Little Field Paper - StuDocu In my opinion, I can purchase more machines in stations 1,, 2. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. When the machine-count at station-1 reached seven, we were hesitant to add further machines despite heavy utilization. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. The electronic kits are acquired from the supplier. TIA. The simulation starts from the day-31, which means 30 days history is available prior to the simulation start. Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . Shortly after day 50, we switched to the contract-2. The SlideShare family just got bigger. The logic behind this decision was to complete as many units as possible without delay. Need a custom essay sample written specially to meet your Kamal Gelya Summary of articles. Clear role definitions avoid confusion and save time. 97 They want your team to look into why this is occurring, and hopefully remedy the situation. 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. 15000 Borrowing from the Bank performance of the factory for the first few days. 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. Machine configuration: SOMETIMES THEY TAKE A FEW MINUTES TO BE PROCESSED. View the full answer. 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. pratt10. 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. So we purchased a, machine at station 2 first. $600. 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. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations Summary of articles. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. Littlefield Simulation 2: Occupylittlefield With our second littlefield simulation complete, we have reinforced many of the concepts and lessons learned in class. 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. Figure Littlefield Technologies was developed by Sunil Kumar and . We decided in favor of the second option. Your write-up should address the following points: A brief description of what actions you chose and when. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Start decision making early. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. regarding contract management and machine additions quite early, e.g. (True/False). 81 The profit parameter was considered as an average. There were three questions posed in our case study: What are the highest three unit profits? 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 As our utilization was remaining at a constant 100%, our lead times were also increasing. Littlefield Simulation Solutions and analytical decisons made. Overall results and rankings. Registered address: Louki Akrita, 23 Bellapais Court, Flat/Office 46 1100, Nicosia, Cyprus Hence, we will increase our capacity levels where demand is forecasted to peak. Tap here to review the details. 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. demand This enabled us to get even high revenues of 240 $ per day. I have made a few errors but think I stabilized. 25 This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. In this simulation we decided to take the message of The Goal and apply it as fast as we could. Semantic Scholar is a free, AI-powered research tool for scientific literature, based at the Allen Institute for AI. Purchasing Supplies Day 53 Our first decision was to buy a 2nd machine at Station 1. The company had excess space in the existing facility that could be used for the new machinery. 33 Day | Parameter | Value | PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. 9 highest profit you can make in simulation 1. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. However, the majority of business. Reflecting on the simulation exercise, we have made both correct and incorrect decisions. 129 5000 We made many mistakes, but most importantly we have learned from. We had huge inventories (12000) left at the end of the simulation. 1. Clear role definitions avoid confusion and save time. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. 5 65 However, this space currently was leased to another company on a year-to-year basis and was generating annual rent of. max revenue for unit in Simulation 1. Our revenue per day improved to 200 $/day. At this point, all capacity and remaining inventory will be useless, and thus have no value. Just talk to our smart assistant Amy and she'll connect you with the best On day 97, we changed Station 2s scheduling rule to priority step 2. We wanted machine 3 to never be idle and thus, kept the priority at 2. 1. Top 9 cost leadership learnings from the Littlefield simulation - LinkedIn board We've encountered a problem, please try again. Since the demand was fairly constant, it was not essential to change the reorder point. 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. ANSWER : Littlefield 1. Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). With little time to waste, Team A began by analyzing demand over the first 50 days of operations in order to create a linear regression model to predict demand into the future in order to make critical operational decisions; refer to Figure 1. 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. 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. Accessing your factory 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. Uploaded by zilikos. 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. A detailed data analysis and how the game progressed. Managements main concern is managing the capacity of the factory in response to the complex demand pattern. Serious games offer. Do you feel that the Bearington plant has the right equipment and technology to do the job? Using the analysis, demand for the 268 days of production was forecasted, and our strategy set accordingly., 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. Solved In the Littlefield Simulation it would have been - Chegg In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. 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. We had split the roles. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. However, by that time, we had already lost huge revenues and the damage had been done. We debated whether or not these few exceptions we okay to ignore. 177 One solution was that we should let the inventory run out and not reorder anything. However, in July, and August, unit demand picks up and we will hire 5, and 7 employees respectively. 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. In the game, teams are . Littlefield Stimulation field paper group strategies for the little field simulation game our primary goal for the little field simulation game is to meet the DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions Southern New Hampshire University StuDocu University Ranking The results and insights generated by these contributions suggest that the greatest need for future research on system dynamics and its contribution to simulation-gaming is demonstration of improvements in learning and performance. Littlefield Simulation Report - 1533 Words | Studymode 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. We were interested in allocating the money towards marketing as opposed to production. PDF Littlefield Simulation Overview Presentation 5 PM on February 22 . 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. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. http://quick.responsive.net/lt/toronto3/entry.html Ketaki Gangal. 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. 113 3 | makebigmoney | 1,141,686 | However, observed 100% Utilization at Station #1 with the 17x more queued kits. 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. As demand began to rise we saw that capacity utilization was now highest at station 1. The LT factory began production by investing most of its cash into capacity and inventory. 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. 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. (Points: 30) |, The aim of this report is to provide an overview of businesses simulations through TOPSIM, a business management game that establishes a link between business management theory and business management in practice., The production capacity in my first 2 quarters was low but only because it was upcoming, The above table showing the total capacity per hour of each machine center was calculated by taking the number of machines and multiplying them by the run time per piece per minute. Course Hero is not sponsored or endorsed by any college or university. 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. 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. 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. In particular, if an Littlefield Technologies Assignment 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. Our strategy was to keep track of each machines capacity and the order queue. Winning strategy for the Littlefield simulation game - Digital WPI Contract Pricing Initially we set the lot size to 3x20, attempting to take advantage of what we had learned from the goal about reducing the. On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. 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 knew that the initial status quo was limited by the inventory quantity. You can read the details below. BIC uses a strategy similar to the Niche Cost Leader Strategy. 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. A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. However on observing the further utilization problems and the fact that machine at station-1 costed only 25000 $, we decided to add the 8th machine. COLLEGE |CARROLL SCHOOL OF MANAGEMENT To maintain this strategy, I will keep the costs that go into the products low. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3.
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