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We were interested in allocating the money towards marketing as opposed to production. As this is a short life-cycle product, managers expect that demand during the 268 day period will grow as customers discover the product, eventually level out, and then decline. We debated whether or not these few exceptions we okay to ignore. 54 | station 1 machine count | 2 | Here are our learnings. Littlefield Simulation Report. 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. Ranking We did intuitive analysis initially and came up the strategy at the beginning of the game. 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. 72 hours. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. 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. Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. 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. Need a custom essay sample written specially to meet your match. 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. This weeks key learning areas have been eye opening and worthwhile. 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. 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. Global negotiations to reduce greenhouse gas (GHG) emissions have so far failed to produce an agreement. 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. In June we neither hire nor fire because our units of demand are covered. 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 doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. Littlefield Technologies was developed by Sunil Kumar and . Management is concerned about this outcome. and It should not discuss the first round. Fortunately, none of other team were close; otherwise, this shortcoming would have mattered. 49 Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. We could also see based on the. Introduction We had three priority scheduling choices at station-2: FIFO, Items from station-1 and Items from station-3. Tan Kok Wei The write-up only covers the second round, played from February 27 through March 3. 20 Littlefield Simulation Solutions and analytical decisons made. It is necessary to manage mistakes made in strategy during the game, which can resolve issues down the road to have a successful business plan. Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. 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. 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. Littlefield Simulation 2: Occupylittlefield With our second littlefield simulation complete, we have reinforced many of the concepts and lessons learned in class. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Littlefield Simulation Analysis - Term Paper - TermPaper Warehouse Managements main concern is managing the capacity of the factory in response to the complex demand pattern. Click here to review the details. The company started off producing 20,000 units of mountain bikes. 145 We use cookies to give you the best experience possible. 185 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. . This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. 2 | techwizard | 1,312,368 | Very useful for students who will do the simulation for the first time. Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. Just talk to our smart assistant Amy and she'll connect you with the best We also changed the priority of station 2 from FIFO to step 4. when to order how much, and quoting for the contract lead-times. 257 At the end of this products lifetime, demand Lead Time Management at Littlefield Labs By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. Winning strategy for the Littlefield simulation game - Digital WPI 209 100% (5) 100% found this document useful (5 votes) 13K views. According to the, If I can play this game again, the most part of plan can same as before. Rank | Team | Cash Balance ($) | Our cash position got weaker and we then slipped to position 7 from position 2. stuffing testing 4 | beaters123 | 895,405 | Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. We did switch the lot size to 3 by 20 early in the simulation since we know that smaller batch sizes can speed up production. Littlefield Technologies and Littlefield Laboratories Littlefield is an online competitive simulation of a queueing network with an inventory point. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. Borrowing from the Bank Management trusts you will be able to effectively Responsiveness at Littlefield Technologies By Group 4: Based on initial management analyses, customer demand for this new product is expected to be random, but the average demand will be level over the products 268-day lifetime. 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. 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. 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. 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. Dont from the word go. This time, they would like your help with further lead time improvements and optimizing their inventory policy. A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. Littlefield Simulation | PDF | Inventory | Simulation - Scribd 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. 177 To give students a peak into some of these financial decisions, online simulations are used. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary This helped us focus more on our individual areas. However, this space currently was leased to another company on a year-to-year basis and was generating annual rent of. Out of these five options, exponential smoothing with trend displayed the best values of MSE (2.3), MAD (1.17), and MAPE (48%). 3. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. 2. These teams had to figure out their strategies and activities on the go. In March, April, and May will fire 4, 3, 3, employees respectively. Day | Parameter | Value | Solved In the Littlefield Simulation it would have been - Chegg PLEASE DO NOT WAIT UNTIL THE FINAL SECONDS TO MAKE YOUR CHANGES. Serious games offer. 0 In early January 2006, Littlefield Technologies (LT) opened its first and only factory to produce its newly developed Digital Satellite System (DSS) receivers. The final result was amazing, and I highly recommend www.HelpWriting.net to anyone in the same mindset as me. 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. at Littlefield Technologies Spring 2007( 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. 10000 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. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. Background cite it correctly. Do a proactive capacity management : Machines. Winning Strategy for the /ittlefield Simulation *ame However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. Registered address: Louki Akrita, 23 Bellapais Court, Flat/Office 46 1100, Nicosia, Cyprus Littlefield Technologies (LT) has developed another DSS product. DAYS ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549% 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. 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. OPERATIONS & STRATEGIC MANAGEMENT | | But we knew that this time we needed to act faster than before to acquire new machinery. B6016 Managing Business Operations 9,033,750 of operational costs per year, without resorting to any radical changes that impact the continuous operations at the plant. At the end of day 350, the factory will shut down and your final cash position will be determined. : 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. Management requires a 10% rate of return on its investments.