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. We also changed the priority of station 2 from FIFO to step 4. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. 1 Littlefield Labs Simulation Professor: Ioannis (Yannis) Bellos Course: MBA 638 School of Business Information Systems . 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. Markowicz felt that he had a primary responsibility to the company to ensure that the production process runs smoothly at his plant, and after the first half of 2010, it reported profitable operations and net cash inflows from investing activities was positive for the first time in three years and had already reached $250,000 in just the first half of the year. Littlefield Simulation Analysis, Littlefield, Initial Strategy
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. Chu Kar Hwa, Leonard
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Hence, the effective decision-making period is between day-31 to day-309. It should not discuss the first round. 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. 1. us: [emailprotected]. The best two options for the hospital to reach their goal in my opinion are, reducing the agency staff and changing the skill mix. 4. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. 8. We did intuitive analysis initially and came up the strategy at the beginning of the game. LittleField Gam1 One-Other-Explanation - YouTube 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. Cash Balance
Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. 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. When the machine-count at station-1 reached seven, we were hesitant to add further machines despite heavy utilization. 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. Part 1: Reasoning for Decisions
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. We did not take any corrective measure to increase our profit margins early in the game. Here is a discussion of the pros and cons regarding the decisions we made. 177
Littlefiled simulation game 1. We then determined our best course of action would be to look at our average daily revenue per job (Exhibit 7) and see if we could identify any days when that was less than the maximum of $1,000/job, so we could attempt to investigate what days to check on for other issues. 7. We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. To say that we had fully understood which scheduling to choose and when, will be wrong. One solution was that we should let the inventory run out and not reorder anything. board
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We found our calculations to be performing reasonable well during the initial phases of the simulation. At the time that the United Nations was founded, Great Britain administered the area of Palestine as a result of a mandate that had been assigned to them by the League of Nations. 9,033,750 of operational costs per year, without resorting to any radical changes that impact the continuous operations at the plant. 1. 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. At s the end of this lifetime, demand will end abruptly and factory operations will be terminated. The SlideShare family just got bigger. Registered address: Louki Akrita, 23 Bellapais Court, Flat/Office 46 1100, Nicosia, Cyprus Purchasing Supplies
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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. I will classify our approach as that of hit and trial. 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. Summary of articles. Customer Demand
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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. Supplemental understanding of the topic including revealing main issues described in the particular theme; You can update your choices at any time in your settings. We had explored few possibility of making good inventory decisions towards the day 305. 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. 15000
Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2.
An implication of this study is that tangible stock-flow tasks are as difficult for humans to control as are purely cognitive tasks. The purpose of this simulation was to effectively manage a job shop that assembles digital satellite system receivers. We ended up with a total of 6 machines at station one, which allowed two orders to be simultaneously worked on with a batch of 3 x 20. 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. Go for aggressive contracts, but manage lead times. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. 81
Background
for EOP and ROP. The company started off producing 20,000 units of mountain bikes. 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. Littlefield Simulation Analysis - Term Paper - TermPaper Warehouse 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. to help you write a unique paper. Littlefield Labs Simulation for Joel D. Wisner's Operations Management So we purchased a, machine at station 2 first. 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. Correct writing styles (it is advised to use correct citations) Our game simulation has taught me how to manage the human resources (HR), capacity planning, receiving, production, and shipping departments. Ketaki Gangal. Learn more in our Cookie Policy. 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. after what period of time does revenue taper off in Simulation 1. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. However, once the initial 50 days data became available, we used forecasting analyses to predict demand and machine capacity. 121
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. 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. 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. ; and How would you use this in determining your business plan? Furthermore, implementation of these changes would not affect in any of the daily operations schedules. In September we fire 4 employees and October we fire 2 employees cutting our labor cost, but still reaching our unit demand. As demand began to rise we saw that capacity utilization was now highest at station 1. Littlefield Simulation Report: Team A
performance of the factory for the first few days. 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. 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. LittleField Simulation 1 & 2 Overview Flashcards | Quizlet The LT factory began production by investing most of its cash into capacity and inventory. Overall results and rankings. The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. Our strategy was to get lead times down below .5 days and offer customers that lead time to maximize revenue. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-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. 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. The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. We had intense debate in the team, whether to add new machines further or not. LT managers have decided that, after 268 days of operation, the plant will cease producing the DSS receiver, retool the factory, and sell any remaining inventories. (True/False). Machine stoppage data for the, One of our team members conducted a full operations analysis. Second, we controlled the inventory level with finding right QOPT (Optimal Order Quantity) and reorder point according to continuous review system method. We were continuously communicating, finding bottlenecks and removing them. A linear regression of the day 50 data resulted in the data shown on Table 1 (attached)below. Our strategy was to keep track of each machines capacity and the order queue. Team Contract 5 PM on February 22 . A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. Figure 1: Day 1-50 Demand and Linear Regression Model
Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. There were three questions posed in our case study: What are the highest three unit profits? 249
Littlefield Simulation Overview Presentation 15.760 Spring 2004 This presentation is based on: . In the final simulation, we corrected our mistakes. However, when . 9
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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. 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. 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. Current State of the System and Your Assignment
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. 20
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. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations
match. We could also see based on the. Marcio de Godoy
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Littlefield Simulation. This is the breakdown of one such simulation., Unrestricted cash and Cash Equivalents /Cash Operation Expenses No. 72 hours. Leena Alex
PMC personnel are directly involved in combatant roles when the contract provides for the delivery of military capacities. Our decisions were somewhat limited to our EOQ models completion and our risk adversity. PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers.
This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity.
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As our utilization was remaining at a constant 100%, our lead times were also increasing.
At our first meeting we analyzed the first given 50 days so that we could get the daily average demand and SD (Standard Deviation). By Group 4:
submit it as your own as it will be considered plagiarism. 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. Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. The product lifetime of many high-tech electronic products is short, and the DSS receiver is no exception. After resolving the lead-time issues, we used to switch back the contract to contract-3. In addition, the data clearly showedprovided noted that the demand was going to follow an increasing trend for the initial 150 days at least. In my opinion, I can purchase more machines in stations 1,, 2. 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. We used to observe revenues. Processing in Batches
We did many things right to win this simulation. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. This enabled us to get even high revenues of 240 $ per day. Even if negotiations succeeded, however, a binding treaty could not be ratified or implemented, By clicking accept or continuing to use the site, you agree to the terms outlined in our. The new product is manufactured using the same process as the product in the assignment Capacity Management at Littlefield Technologies neither the process sequence nor the process time distributions at each tool have changed.
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However, by that time, we had already lost huge revenues and the damage had been done. Littlefield Simulation - SlideShare As explained on in chapter 124, we used the following formula: y = a + b*x. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics Solved What is the best objective and strategy for | Chegg.com
