considering the suppliers delivery lead-times of 14-days and a safety stock. Consequently, we lost revenues when the demand neared its peak. ev
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. Do a proactive capacity management : Machines. 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. Your write-up should address the following points: A brief description of what actions you chose and when. Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. Serious games offer. 24 hours. Station 2 never required another machine throughout the, simulation. 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. 161
On observing the 100% machine utilization at any given station for few consecutive days, we immediately added the new machines. 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. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. Processing in Batches
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. A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. Because all stations were at times operating at full, we knew that all would create a bottleneck if left to operate as is. On day 97, we changed Station 2s scheduling rule to priority step 2. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. 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 Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. Management requires a 10% rate of return on its investments. In other words, we first needed to find daily average demand and match it to the Littlefield Labs system capacity. We had split the roles.
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. Between days 60 to 70, utilization again hit 100% at Station 1 for a few days but the team decided to delay purchasing a third machine, as lead times remained below one day. 73
Borrowing from the Bank
; What are the lowest percentage mark-up items? To maintain this strategy, I will keep the costs that go into the products low. Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. In March, April, and May will fire 4, 3, 3, employees respectively. 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. 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. 17
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. 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. Demand
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). We used to observe revenues. It should not discuss the first round. Here are our learnings. on 54th day. Customer Demand
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. cite it correctly. Decisions Made
We bought additional machines at stations with high utilization rates in an attempt to relieve those bottlenecks. We did not take any corrective measure to increase our profit margins early in the game. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. Fortunately, none of other team were close; otherwise, this shortcoming would have mattered. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary
This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. Closer to Day 50, shop floor space constraints are limiting the number of jobs being accepted into the factory. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. These teams had to figure out their strategies and activities on the go. after how many hours do revenues hit $0 in simulation 1. Littlefield Simulation Solutions and analytical decisons made. Purchasing Supplies
At this point our orders we getting out on time with few exceptions. Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. We made no further changes after switching to contract 3. 1. It is now nine months later, and Littlefield Technologies has developed another DSS product. This helped us focus more on our individual areas. We will calculate costs associated with running a production facility. 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.
In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. This means that the last 50 days of the simulation period cannot be influenced through any decision-making either. Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. The SlideShare family just got bigger. 7. 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. Mission We've encountered a problem, please try again. ANSWER : Littlefield 1. There were three questions posed in our case study: What are the highest three unit profits? 9
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. Going into this game our strategy was to keep track of the utilization for each machine and the customer order queue. 54 | station 1 machine count | 2 |
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This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. 3 | makebigmoney | 1,141,686 |
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. The company had excess space in the existing facility that could be used for the new machinery. Anita Lal 241
Background
; and How would you use this in determining your business plan? Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. Graduateway.com is owned and operated by Radioplus Experts Ltd I have made a few errors but think I stabilized.
Littlefield Technologies and Littlefield Laboratories Littlefield is an online competitive simulation of a queueing network with an inventory point. Do a proactive capacity management: Job scheduling. 5. 97
BIC uses a strategy similar to the Niche Cost Leader Strategy. Go for aggressive contracts, but manage lead times. Management would like to increase revenue and decrease costs. We nearly bought a machine there, but this would have been a mistake. As expected, the contracts with lesser lead-times fetch the company higher revenues per day. 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. 113
Machine configuration:
Why? In the game, teams are . Simulation & Gaming. 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 not change the production quantity. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management
Machine stoppage data for the, One of our team members conducted a full operations analysis. 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. This enables you to see the amount produced each minute from each machine center. Whenever revenues reduced, we use to change the scheduling and observe if the revenue problem is resolved. After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. 0
As demand began to rise we saw that capacity utilization was now highest at station 1. 100% (5) 100% found this document useful (5 votes) 13K views. cost for each test kit in Simulation 1 &2. 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. We decided to purchase an additional machine for station 1 because it was $10,000 cheaper, utilization was higher here, and this is where all the orders started. The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. 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. The decision for the customer contract is between three options. (Exhibit 2: Average time per batch of each station). Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. The lab began operations with a raw materials inventory of 160 kits and $1,000,000 cash. Learn more in our Cookie Policy. Day | Parameter | Value |
Now customize the name of a clipboard to store your clips. On Fire . Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. Click here to review the details. Clear role definitions avoid confusion and save time. Poor inventory assessment before the simulation end can hurt. Day 53 Our first decision was to buy a 2nd machine at Station 1. 10
for EOP and ROP. We decided in favor of the second option. Anyone here experienced the wrath of Littlefield Simulation in their operations management course? The focus of the investigation, the findings of which are presented in this essay, was on the implications for the governance of global politics of the growing role of private military companies (PMCs). 129
Very useful for students who will do the simulation for the first time. from the word go. 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 Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. 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 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. In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. 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. Littlefield Simulation is about running a factory for 360 days with the goal to maximize the cash position at end of this duration. 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. 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. By continuing well 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. They have purchased the recommended machinery, but are not entirely pleased with the lead time performance. Eventually, demand should begin to decline at a roughly linear rate. Second, we controlled the inventory level with finding right QOPT (Optimal Order Quantity) and reorder point according to continuous review system method. Although we had the choice to produce as much as 30,000 units, we felt as though we did not have sufficient money to increase production. As explained on in chapter 124, we used the following formula: y = a + b*x. 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. 233
Knowing this, I then take my output per hour and divide it by 16-hour days to find the actual production rate., 1st stage, we knew there will be bottleneck at station 1 and 3 so additional machines must be purchased. But we did not know if it was the reason for the full utilization of the machinery. 185
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This may have helped us improve our simulation results further. LittleField Gam1 One-Other-Explanation 20,986 views Oct 8, 2020 116 Dislike Share Save Ardavan Asef-Vaziri 407 subscribers In this talk, I elaborate on the basic decisions in Game-I LittleField.
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. In case of our plant, I have performed a detailed analysis of every activity and deduced a proposed cost structure. 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. 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. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. .
In September we fire 4 employees and October we fire 2 employees cutting our labor cost, but still reaching our unit demand. They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. 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. 153
One key element that caught my attention was bottleneck issues. Can you please suggest a winning strategy. Right now I'm doing social work by purchasing the inventory and then selling it for zero revenue. Report on Littlefield Technologies Simulation Exercise
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. 217
at Littlefield Technologies Spring 2007(
Moreover, my research reveals that just by reducing 10% of the current workforce and decreasing the wheel loader system from 10 to 9 would allow us to reach above projected savings. Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. Preplan should include your strategy for the game and the analysis your group did to arrive at that strategy.
At the end of this products lifetime, demand Lead Time Management at Littlefield Labs
The decision depends on the expected lead-time, which we promise to the customer. Anise Tan Qing Ye
But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations
We were asking about each others areas and status. Chu Kar Hwa, Leonard
Purpose. 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. 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.