Winning strategy for the Littlefield simulation game - Digital WPI Information about the two alternatives follows. Littlefield Simulation Report - 1533 Words | Studymode (2016, Dec 02). Littlefield Simulation Analysis, Littlefield, Initial Strategy - StuDocu As expected, the contracts with lesser lead-times fetch the company higher revenues per day. Delays resulting from insufficient capacity undermine LTs promised lead times and ultimately force LT to turn away orders. The logic behind this decision was to complete as many units as possible without delay. A detailed data analysis and how the game progressed. Exhibit 1 : OVERALL TEAM STANDING But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations 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 did intuitive analysis initially and came up the strategy at the beginning of the game. At s the end of this lifetime, demand will end abruptly and factory operations will be terminated. Base on the average time taken to process 1 batch of job arrivals, we were able to figure out how Thundercats [PDF] System Dynamics and Simulation/Gaming | Semantic Scholar 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. We were afraid to go to the 5 by 12 because of the large setup time at stations one. On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. Go for aggressive contracts, but manage lead times. In case of our plant, I have performed a detailed analysis of every activity and deduced a proposed cost structure. 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. Analysis of the First 50 Days All rights reserved. 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. Demand is then expected to stabilize. I have made a few errors but think I stabilized. 10 The only expense we thought of was interest expense, which was only 10% per year. Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. 20000 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. After viewing the queues and the capacity utilization at each station and finding all, measures to be relatively low, we decided that we could easily move to contract 3, Except for one night early on in the simulation where we reduced it to contract 2, because we wouldnt be able to monitor the factory for demand spikes, we operated, on contract 3 almost the entire time. report, Littlefield Technologies Simulation: Batch Sizes Analysis. We decided in favor of the second option. 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. Background lead-time and WIP. Background 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. Registration number: 419361 The results support the value of simulations for building operational understanding of accumulations and suggest design considerations that may further increase the effectiveness of such SBLEs. 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 | makebigmoney | 1,141,686 | You can read the details below. We had intense debate in the team, whether to add new machines further or not. Overall results and rankings. TIA. 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. Ending Cash Balance: $1,915,226 (6th Place) 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. (True/False). When first approaching this game we met to strategize, forecast, make a meeting schedule, and divide the work. At the end of day 350, the factory will shut down and your final cash position will be determined. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary Project View the full answer. Going into this game our strategy was to keep track of the utilization for each machine and the customer order queue. Closer to Day 50, shop floor space constraints are limiting the number of jobs being accepted into the factory. Overall results and rankings. . As our utilization was remaining at a constant 100%, our lead times were also increasing. Get original paper in 3 hours and nail the task. We did not have any analysis or strategy at this point. Course Hero is not sponsored or endorsed by any college or university. 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. : 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. Part 1: Reasoning for Decisions We had three priority scheduling choices at station-2: FIFO, Items from station-1 and Items from station-3. Operations Policies at Littlefield These teams had to figure out their strategies and activities on the go. Uploaded by zilikos. Lt Game 2 Strategy. 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. 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. We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. Team Contract This helped us focus more on our individual areas. Activate your 30 day free trialto continue reading. The few sections of negative correlation formed the basis for our critical learning points. In the last simulation we relied much more heavily on our EOQ model and planned out purchases of machinery with the raise in demand. 113 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. Inventory June Littlefields management would like to be able to charge the premium prices that customers would be willing to pay for dramatically shorter lead times. 17 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. Second, we controlled the inventory level with finding right QOPT (Optimal Order Quantity) and reorder point according to continuous review system method. One of success parameters were profits, though we did manage to make significant profits over the last two years, we did not focus on it early in the game. Borrowing from the Bank Machine configuration: Correct writing styles (it is advised to use correct citations) It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. Introduction Littlefield Simulation | Case Study Solution | Case Study Analysis In appreciation of your prior recommendations and contributions, Littlefield has once again retained your services on their 50th day of operations. 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. Littlefield Simulation - YouTube 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. Aneel Gautam Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. Littlefield Simulation is about running a factory for 360 days with the goal to maximize the cash position at end of this duration. Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. 72 hours. 7. Littlefield Laboratories has opened a new blood testing lab. Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. However, it was because we did not create a safety margin for production which came from our over estimating our carrying costs. Although the process took a while to completely understand during the initial months of the simulation, the team managed to adjust, learn quickly and finish in 7th place with a cash balance of $1,501,794. However, once the initial 50 days data became available, we used forecasting analyses to predict demand and machine capacity. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. 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. Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. Once the initial first 50 days of data became available, we plotted the data against different forecasting methods: Moving average, weighted moving average, exponential smoothing, exponential smoothing with trend, and exponential smoothing with trend and season. We did many things right to win this simulation. In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. Management is concerned about this outcome. Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. 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. Anita Lal You may use it as a guide or sample for 233 Create an account to follow your favorite communities and start taking part in conversations. Thus we decided to change the most pressing variable, inventory, and see where it went from there. $400 profit. 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. Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. Littlefield Simulation - SlideShare 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. A detailed data analysis and how the game progressed. It is now nine months later, and Littlefield Technologies has developed another DSS product. Poor inventory assessment before the simulation end can hurt. 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. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. 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. Littlefield Simulation Solutions and analytical decisons made. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. 9 DAYS We made no further changes after switching to contract 3. In the first trial simulation, we were hesitant to add machines. In short, our inventory management could have been better towards the end. BIC uses a strategy similar to the Niche Cost Leader Strategy. 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. We wanted machine 3 to never be idle and thus, kept the priority at 2. Graduateway.com is owned and operated by Radioplus Experts Ltd Station 2 never required another machine throughout the, simulation. Free access to premium services like Tuneln, Mubi and more. 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 helped us do well in our simulations. 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. 1 This article summarizes the nine contributions to the symposium on system dynamics. 1. COLLEGE |CARROLL SCHOOL OF MANAGEMENT 1 We had split the roles. Analysis - Littlefield Simulation Analysis Littlefield Initial Strategy Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. 25 The British supported the establishment of a Jewish state in the area and Jewish immigration was greatly increasing especially following the Holocaust during World War II. The company had excess space in the existing facility that could be used for the new machinery. Decision 1 Summary of articles. Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. However, observed 100% Utilization at Station #1 with the 17x more queued kits. The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. 217 Background In the Littlefield Simulation it would have been better on Day 51 to switch to the order quantity as recommended by the EOQ framework in order to minimize costs. We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. By accepting, you agree to the updated privacy policy. The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. 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. As soon as we noticed our lead times drop sufficiently enough for a new contract, we upgraded immediately. 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. 209 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 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. Accessing your factory Not a full list of every action, but the getting second place on the first Littlefield simulation game we knew what we needed to do to win the second simulation game. Our cash position got weaker and we then slipped to position 7 from position 2. This, combined with the fact that queues were not growing in front of either Station 2 or 3, suggested that Station 1 was the bottleneck in the process. Our goal was to buy additional machines whenever a station reached about 80% of capacity. 225 The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics 15 This time, they would like your help with further lead time improvements and optimizing their inventory policy. Total On obeserving very low lead-times, we switched to contract-3. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management 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. Youre not the guy? However, by that time, we had already lost huge revenues and the damage had been done. Littlefield_1_(1).pptx - 1 Littlefield Labs Simulation Professor By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. Littlefield Simulation Report | PDF | Simulation | Demand - Scribd 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). to help you write a unique paper. We had split the roles. 169 Your write-up should address the following points: A brief description of what actions you chose and when. The product lifetime of many high-tech electronic products is short, and the DSS receiver is no exception. Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). 2. Littlefield Simulation Analysis, Littlefield, Initial Strategy The company has been functioning well in terms of generating profit and demand so far. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. cost for each test kit in Simulation 1 &2.
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