on 54th day. Littlefield Simulation Report: Team A 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 added an overhead expense of approximately 2147 (Additional maintenance costs + Transfer costs). 3. Figure Do a proactive capacity management: Job scheduling. At s the end of this lifetime, demand will end abruptly and factory operations will be terminated. The decision for the customer contract is between three options. 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. 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. The product lifetime of many high-tech electronic products is short, and the DSS receiver is no exception. I agree and I need help. (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. By doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. Day 53 Our first decision was to buy a 2nd machine at Station 1. UNSCOP recommended two solutions. Purpose. 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. The decisions to be made are regarding buying or selling machines, setting inventory policies i.e. 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. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. Littlefield Simulation . In November we hire 7 employees due to the increase of Holiday sales, and in December we hire 6 employees. In the last simulation we relied much more heavily on our EOQ model and planned out purchases of machinery with the raise in demand. Registration number: 419361 Background Features Bring operations to life with the market-leading operations management simulation used by hundreds of thousands! 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. 10000 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. In the initial months, demand is expected to grow at a roughly linear rate. Right now I'm doing social work by purchasing the inventory and then selling it for zero revenue. We debated whether or not these few exceptions we okay to ignore. 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. Littlefield Simulation Report | PDF | Simulation | Demand - Scribd Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management 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. 137 Accessing your factory | 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. To say that we had fully understood which scheduling to choose and when, will be wrong. 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. Winning strategy for the Littlefield simulation game - Digital WPI Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. regarding contract management and machine additions quite early, e.g. highest profit you can make in simulation 1. Has anyone done the Littlefield simulation? I'm messing up - reddit Background 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. Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. However, management has found that historic lead times[1] during the first 50 days of production often extend into several days, and so they have been unwilling to quote the shorter lead times to customers. This proposal, when implemented, can save up to Rs. 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. Here is a discussion of the pros and cons regarding the decisions we made. 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. Pre-production market research suggested that the average daily demand level would be somewhere between 10 orders/day and 14 orders/day. I was mainly responsible for the inventory management. 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. 4. In addition, because the factory is essentially bootstrapping itself financially, management is worried about the possibility of bankruptcy. 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. This time, they would like your help with further lead time improvements and optimizing their inventory policy. 9 We summarize the nine contributions. Clear role definitions avoid confusion and save time. ANSWER : Littlefield 1. 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. We use cookies to give you the best experience possible. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. 185 On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. We wanted machine 3 to never be idle and thus, kept the priority at 2. 1 | bigmoney1 | 1,346,320 | Cash Balance Background 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. 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. us: [emailprotected]. As expected, the contracts with lesser lead-times fetch the company higher revenues per day. writing your own paper, but remember to We did intuitive analysis initially and came up the strategy at the beginning of the game. Decision 1 Section Registered address: Louki Akrita, 23 Bellapais Court, Flat/Office 46 1100, Nicosia, Cyprus In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. In March, April, and May will fire 4, 3, 3, employees respectively. Preparation is necessary to have an advantage. Littlefield Simulation Analysis, Littlefield, Initial Strategy - StuDocu By continuing well 161 TIA. Littlefield Simulation | PDF | Inventory | Simulation - Scribd We made no further changes after switching to contract 3. at Littlefield Technologies Spring 2007( 3 | makebigmoney | 1,141,686 | This proved to be the most beneficial contract as, long as we made sure that we had the machines necessary to accommodate the, The first time our revenues dropped at all, we found that the capacity utilization at, station 2 was much higher than at any of the other stations. 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.. We were asking about each others areas and status. 2. To maintain this strategy, I will keep the costs that go into the products low. max revenue for unit in Simulation 1. 10 However, it was because we did not create a safety margin for production which came from our over estimating our carrying costs. In particular, if an Littlefield Technologies Assignment of Days in Period (365), Cecilia McDaniel also gives a choice of two option plans to cover the shortfall, and propose the best decision following the analyzing impact on the cash flow statements of the hospital., First, with the price of Pig Iron plummeting, companies in our industry are in a fix to decide on cutting down additional costs that can maintain or improve the overall profits. corporate profile part 2 security controls and risk mitigation recommendation Corrections and crime and crime prevention.docx, Corporate finance essay fin 4610 Baruch College.docx, corporate research assignment My Nursing Experts.docx, Corporate entrepreneurship nursing writers.docx, Corporate security major security and.docx, Correctional goals and prison privatization.docx, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. Copyright 2023 service.graduateway.com. A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. Given the average demand and an order lead time of 4 days we were able to calculate an approximate reorder point. 0 6 comments Best Add a Comment camcamtheram 2 yr. ago This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. Having more machines seemed like a win-win situation since it does not increase our expenses of running the business, yet decreases our risk of having lead times of over a day. 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. Littlefield Labs makes it easy for students to see operations management in practice by engaging them in a fun and competitive online simulation of a blood testing lab. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. 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). Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. By Group 4: They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose However, this space currently was leased to another company on a year-to-year basis and was generating annual rent of. On observing the 100% machine utilization at any given station for few consecutive days, we immediately added the new machines. Littlefield Technologies Part 1 - 664 Words | Bartleby when to order how much, and quoting for the contract lead-times. 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. 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. Specifically, on day 0, the factory began operations with three stuffers, two testers, and one tuner, and a raw materials inventory of 9600 kits. Introduction 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. 6. We also changed the priority of station 2 from FIFO to step 4. Aneel Gautam Ending Cash Balance: $1,915,226 (6th Place) At this point our orders we getting out on time with few exceptions. ; and How would you use this in determining your business plan? A detailed data analysis and how the game progressed. 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. 73 Revenue 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. DAYS 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. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. Therefore our strategy to win this game was controlling the Littlefield Labs system capacity and the inventory level with choosing a right contract as well as keeping the cash daily as much as possible. The company has been functioning well in terms of generating profit and demand so far. 33 Furthermore, implementation of these changes would not affect in any of the daily operations schedules. 9,033,750 of operational costs per year, without resorting to any radical changes that impact the continuous operations at the plant. 72 hours. We will calculate costs associated with running a production facility. 5 PM on February 22 . Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. OPERATIONS & STRATEGIC 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. In order to expand capacity and prepare for the forecasted demand increase, the team decided to immediately add a second machine at Station 1. The electronic kits are acquired from the supplier. The only expense we thought of was interest expense, which was only 10% per year. 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. A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. Figure 1: Day 1-50 Demand and Linear Regression Model Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. 15000 25 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. All rights reserved. At the end of this products lifetime, demand Lead Time Management at Littlefield Labs 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. 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. Littlefield Simulation Strategy Hello Everyone! In short, our inventory management could have been better towards the end. Research shows that learning and task performance improve when participants in management exercises understand the structure of the system they control. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. We did not have any analysis or strategy at this point. Littlefield Simulation Solutions and analytical decisons made. This same approach was used until our lead times dropped enough to consistently fulfill contact 3. cost for each test kit in Simulation 1 &2. 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.