I agree and I need help. 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. 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.. This article summarizes the nine contributions to the symposium on system dynamics. The Israeli-Palestinian conflict has been one of the most important issues that the United Nations has focused on since its founding in 1945. $600. However, the majority of business. 3. 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. At the end of day 350, the factory will shut down and your final cash position will be determined. 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 had split the roles. Click here to review the details. In the final simulation, we corrected our mistakes. Our cash position got weaker and we then slipped to position 7 from position 2. We debated whether or not these few exceptions we okay to ignore. We were asking about each others areas and status. OPERATIONS & STRATEGIC MANAGEMENT | | 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. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. Moreover, we also saw that the demand spiked up. 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. . Management has used process time estimates from your first report to calculate a stable capacity configuration. Need a custom essay sample written specially to meet your With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON 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. At our first meeting we analyzed the first given 50 days so that we could get the daily average demand and SD (Standard Deviation). This proposal, when implemented, can save up to Rs. According to the, If I can play this game again, the most part of plan can same as before. report, Littlefield Technologies Simulation: Batch Sizes Analysis. Overall I felt the Littlefield simulation to be an interesting cost leadership exercise with strong focus on the operations management. I will classify our approach as that of hit and trial. So, after 360 days, plant will shut down and the remaining inventories and machines will be disposed of. Private military companies, in contrast to traditional military contractors provide both direct military services and security services. Littlefield Simulation Analysis - Term Paper - TermPaper Warehouse Raw material costs are fixed, therefore the only way to improve the facilitys financial performance without changing contracts is to reduce ordering and holding costs. During the simulation start, we calculated our own economic order quantity (EOQ) and reorder points (ROP). 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. 8. 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. View Assessment - Littlefield_1_(1).pptx from MS&E 268 at Stanford University. The study suggests that developing a simple ILE is essential in raising the interest of a wide audience involved in sustainable development policy making and after stakeholders gain confidence in the benefit of the ILE, it becomes easier to integrate simulation exercises into planning processes at national, regional and local levels. Littlefield Laboratories has opened a new blood testing lab. You can read the details below. Start decision making early. 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. Ending Cash Balance: $1,915,226 (6th Place) In November we hire 7 employees due to the increase of Holiday sales, and in December we hire 6 employees. 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. 217 But we did not know if it was the reason for the full utilization of the machinery. These key areas will be discussed throughout the journal to express my understanding of the experience. However, it was because we did not create a safety margin for production which came from our over estimating our carrying costs. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. 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 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. Introduction 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. The Niche Cost Leader Strategy puts the main focus on positioning a product at an affordable price while still presenting value to its customers. Do a proactive capacity management: Job scheduling. Accessing your factory Day 53 Our first decision was to buy a 2nd machine at Station 1. 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. Consequently, we lost revenues when the demand neared its peak. Faculty can choose between two settings: a high-tech factory named Littlefield Technologies or a blood testing service named Littlefield Labs. This helped us do well in our simulations. 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. Machine configuration: Littlefield Technologies was developed by Sunil Kumar and . 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. Anita Lal Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. cost for each test kit in Simulation 1 &2. In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. The simulation ends on day-309. 15000 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. Good teamwork is the key. 54 | station 1 machine count | 2 | 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. 225 2 | techwizard | 1,312,368 | 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 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. Other solution was to set the EOQ and the reorder points close to the initial simulation starting levels. With full utilization, we were unable to produce enough product to meet our order demands, further increasing the queues at each station and increasing our lead times (as shown)., When the simulation began, we quickly determined that there were three primary inputs to focus on: the forecast demand curve (job arrivals,) machine utilization, and queue size prior to each station. When the exercise started, we decided that when the lead time hit 1 day, we would buy one station 1 machine based on our analysis that station 1 takes the longest time which is 0.221 hrs simulation time per batch. 121 Machine Purchase: "Eliminate Bottleneck, Minimize Q" 1) Day - 56: Purchase Board Stuffer @ Station 1 Bottleneck was Station #3. Few teams, who took their time to figure out the information, to develop strategies and to make decision during the simulation made their first decisions very late (>100th day). 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. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. 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. We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. BLUEs: Littlefield Simulation Report - 1533 Words | Studymode s As shown by the figure above, total revenues generally followed the same trend as demand. Correct writing styles (it is advised to use correct citations) The only expense we thought of was interest expense, which was only 10% per year. Poor inventory assessment before the simulation end can hurt. Can you please suggest a winning strategy. 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. 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. We were afraid to go to the 5 by 12 because of the large setup time at stations one. Initially we set the lot size to 3x20, attempting to take advantage of what we had learned from the goal about reducing the lead-time and WIP. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. All rights reserved. Top 9 cost leadership learnings from the Littlefield simulation - LinkedIn requirements? Hence, we will increase our capacity levels where demand is forecasted to peak. 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. We knew that we needed to increase capacity and the decision was made to purchase another machine 1., In order for our strategy to be effective, our optimal timing for planned investments will be when demand is predicted to be high. This enables you to see the amount produced each minute from each machine center. Day 50 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. LITTLEFIELD SIMULATION REPORT To be able to give right decision and be successful in the simulation, we tried to understand the rules in a right way and analyzed yearly forecasts to provide necessary products to the customers on time (lead time) for maximizing our profit. We noticed that around day 31, revenues dipped slightly, despite the fact that the simulation was still nowhere near peak demand, suggesting that something was amiss in our process. 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. Choose skilled expert on your subject and get original paper with free plagiarism 105 Littlefield Simulation Report | PDF | Simulation | Demand - Scribd We also changed the priority of station 2 from FIFO to step 4. Pharapreising and interpretation due to major educational standards released by a particular educational institution as well as tailored to your educational institution if different; 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. Start making decisions early, i.e. Littlefield Simulation Solutions and analytical decisons made. This same approach was used until our lead times dropped enough to consistently fulfill contact 3. 113 33 This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. Solved In the Littlefield Simulation it would have been - Chegg This product also is expected to have a 268-day lifetime. Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. 4 | beaters123 | 895,405 | Information about the two alternatives follows. Delays resulting from insufficient capacity undermine LTs promised lead times and ultimately force LT to turn away orders. Decision 1 To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management Our strategy was to keep track of each machines capacity and the order queue. 5 | donothing | 588,054 | 9, Furthermore, implementation of these changes would not affect in any of the daily operations schedules. . Do a proactive Inventory management during the simulation run. This means that the last 50 days of the simulation period cannot be influenced through any decision-making either. : I was mainly responsible for the inventory . Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! It appears that you have an ad-blocker running. The winning team is the team with the most cash at the end of the game (cash on hand less debt). However, when . Marcio de Godoy Once the priority was changed from FIFO to Step 4, the team noticed that both the utilization at Station 2 and the queues began to exhibit high variance from day to day. 17 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. Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 6 | mas001 | 472,296 | The electronic kits are acquired from the supplier. We had split the roles. Current State of the System and Your Assignment The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. By accepting, you agree to the updated privacy policy. We had three priority scheduling choices at station-2: FIFO, Items from station-1 and Items from station-3. This may have helped us improve our simulation results further. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty . 249 Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. Littlefields management would like to be able to charge the premium prices that customers would be willing to pay for dramatically shorter lead times. 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. Team 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. Now customize the name of a clipboard to store your clips. 0 By doing so we have a Gross profit of $1,125,189, |production increase. 1. Littlefield Stimulation - Pre-Little Field Paper - StuDocu The decisions to be made are regarding buying or selling machines, setting inventory policies i.e. [PDF] System Dynamics and Simulation/Gaming | Semantic Scholar 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. We did not change the production quantity. Day 53 Our first decision was to buy a 2nd machine at Station 1. Because all stations were at times operating at full, we knew that all would create a bottleneck if left to operate as is. 41 The decision for the customer contract is between three options. Management trusts you will be able to effectively Responsiveness at Littlefield Technologies UNSCOP recommended two solutions. Background Later, we were forced to add machines. 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 company has been functioning well in terms of generating profit and demand so far. The company had excess space in the existing facility that could be used for the new machinery. This left the factory with zero cash on hand. Go for aggressive contracts, but manage lead times. Littlefield Simulation Wonderful Creators 386 subscribers 67K views 4 years ago This is a tour to understand the concepts of LittleField simulation game. DEMAND Managing Customer Responsiveness 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. writing your own paper, but remember to 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. In the game, teams are . LittlefieldPaper1026.pdf - Winning Strategy for the Littlefield | Should have bought earlier, probably around day 55 when the utilization hits 1 and the queue spiked up to 5 |, Our next move was to determine what machines need to be purchased and how many. and Littlefield Simulation Strategy Hello Everyone! Has anyone done the Littlefield simulation? I'm messing up - reddit We had significant advantage because we had taken decisions e.g. Purchasing Supplies In the first trial simulation, we were hesitant to add machines. We noticed that the bottleneck was not just at station 1, but at all stations, and that buying a new machine would not be the right choice to make, but rather, changing the way in which the stations processing is queued would be the better option. (Exhibit 2: Average time per batch of each station). 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. when to order how much, and quoting for the contract lead-times. I was mainly responsible for the inventory management. We decided in favor of the second option. Littlefield Simulation - YouTube Littlefield_1_(1).pptx - 1 Littlefield Labs Simulation Professor Tan Kok Wei 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. Summary of articles. 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.