The decisions to be made are regarding buying or selling machines, setting inventory policies i.e. To ensure we are focused and accomplish these set goals, the following guidelines Running head: Capacity Management Day 53 Our first decision was to buy a 2nd machine at Station 1. Top 9 cost leadership learnings from the Littlefield simulation - LinkedIn cite it correctly. This enabled us to get even high revenues of 240 $ per day. It is now nine months later, and Littlefield Technologies has developed another DSS product. Littlefields management would like to be able to charge the premium prices that customers would be willing to pay for dramatically shorter lead times. Costs such as Research and Design, materials, and production serve as an important factor in the pricing of Eries products. 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. Dont They have purchased the recommended machinery, but are not entirely pleased with the lead time performance. 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. On day 97, we changed Station 2s scheduling rule to priority step 2. 100% (5) 100% found this document useful (5 votes) 13K views. The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses. This product also is expected to have a 268-day lifetime. By accepting, you agree to the updated privacy policy. 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. Management is concerned about this outcome. 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. Purpose. 97 BLUEs: 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. 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. Operations Policies at Littlefield Its main interest is in creating a peaceful end to this conflict and ensuring that both sides are just in their actions. The product lifetime of many high-tech electronic products is short, and the DSS receiver is no exception. PMC personnel providing security services must be prepared to engage in combatant roles; however, much of their duties will be as guards to prevent breeches of security. Correct writing styles (it is advised to use correct citations) 2, Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. As demand began to rise we saw that capacity utilization was now highest at station 1. In the last simulation we relied much more heavily on our EOQ model and planned out purchases of machinery with the raise in demand. 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. Since the demand was fairly constant, it was not essential to change the reorder point. We had split the roles. We were afraid to go to the 5 by 12 because of the large setup time at stations one. 249 We had intense debate in the team, whether to add new machines further or not. We were interested in allocating the money towards marketing as opposed to production. Research shows that learning and task performance improve when participants in management exercises understand the structure of the system they control. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. . 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. Andres was forced to import product from French division as he ran out of capacity several times due to new machines performing inadequately. 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. After letting our system adjust to the changes, we moved to contract 2 when the lead time was decreased to about 1 day. Although orders arrive randomly to LT, management expects that, on average, demand will follow the trends outlined above. Serious games offer. 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. 177 DEMAND We summarize the nine contributions. Mission 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. Despite this, not many teams were aware about what had to be done exactly - which I think hurt their chances. However, it was because we did not create a safety margin for production which came from our over estimating our carrying costs. Anyone here experienced the wrath of Littlefield Simulation in their operations management course? Thus we decided to change the most pressing variable, inventory, and see where it went from there. Cash Balance Revenue 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.. Littlefield Simulation Analysis, Littlefield, Initial Strategy - StuDocu ; and How would you use this in determining your business plan? This may have helped us improve our simulation results further. assume youre on board with our, https://graduateway.com/littlefield-technologies-simulation-batch-sizes/. In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. We had huge inventories (12000) left at the end of the simulation. 145 20000 A detailed data analysis and how the game progressed. We did not have any analysis or strategy at this point. 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. We made many mistakes, but most importantly we have learned from. Winning strategy for the Littlefield simulation game - Digital WPI Our goal is to function as a reciprocal interdependent team, using each members varied skills and time to complete tasks both well and on time. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. This meant that machine 1 was not able to keep up with the incoming demand and lacked the proper capacity. Pennsylvania State University By doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. Kamal Gelya Learn about MBA programs, applying to them, and what life is like while in one and afterwards. Lt Game 2 Strategy. 201 Littlefield Technologies Part 1 - 664 Words | Bartleby Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. Part 1: Reasoning for Decisions 73 Day 53 Our first decision was to buy a 2nd machine at Station 1. One focus of ours during this simulation was minimizing the cost of inventory orders and stock outs. However, once the initial 50 days data became available, we used forecasting analyses to predict demand and machine capacity. 0 6 comments Best Add a Comment camcamtheram 2 yr. ago We did many things right to win this simulation. Background Specifically we were looking for upward trends in job arrivals and queue sizes along with utilizations consistently hitting 100%. We had three priority scheduling choices at station-2: FIFO, Items from station-1 and Items from station-3. Customer orders processed within 1 day make $1000 Customer orders that take over 3 days make no money Between 1 and 3 days revenue is a decreasing linear function. Littlefield Simulation | Case Study Solution | Case Study Analysis 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. . Hence, the effective decision-making period is between day-31 to day-309. 6 | mas001 | 472,296 | Anise Tan Qing Ye Littlefield Technologies (LT) has developed another DSS product. Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary Borrowing from the Bank match. Team Contract PMCs are different from traditional military contractors, which more often than not are referred to as defense contractors. REVENUE Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. 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. But we did not know if it was the reason for the full utilization of the machinery. 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. 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. This time, they would like your help with further lead time improvements and optimizing their inventory policy. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. This helped us focus more on our individual areas. We use cookies to give you the best experience possible. 2013 The few sections of negative correlation formed the basis for our critical learning points. Press question mark to learn the rest of the keyboard shortcuts. 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. Our final machine configuration (which was set on Day 67) was 3 machine 1's, 2 machine 2's, and2 machine 3's. Chu Kar Hwa, Leonard Faculty can choose between two settings: a high-tech factory named Littlefield Technologies or a blood testing service named Littlefield Labs. 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. 1. At this point, all capacity and remaining inventory will be useless, and thus have no value. The objective was to maximize cash at the end of the product life-cycle (270 days) by optimizing the process design. 241 Start making decisions early, i.e. The decision depends on the expected lead-time, which we promise to the customer. Processing in Batches Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. 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. 1 | bigmoney1 | 1,346,320 | Littlefield Technologies is an online factory management simulator program produced since 1997 by Responsive Learning Technologies for college students to use while taking business management courses. Day | Parameter | Value | Simulation & Gaming. Very useful for students who will do the simulation for the first time. Do not sell or share my personal information, 1. Going into this game our strategy was to keep track of the utilization for each machine and the customer order queue. Youre not the guy? Managing Customer Responsiveness 20 209 However, if we fail to manage our operations to fulfill the promised lead-times, we do not receive any revenue at all. 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. Written Assignment: Analysis of Game 2 of Littlefield Technologies Simulation Due March 14, 8:30 am in eDropbox Your group is going to be evaluated in part on your success in the game and in part on how clear, well structured and thorough your write-up is. Following, we used regression analysis to forecast demand and machine productivity for the remaining of the simulation. Do a proactive Inventory management during the simulation run. The electronic kits are acquired from the supplier. They believe a more responsive laboratory will increase revenue and they understand well-balanced inventory policies ought to minimize costs. Expert advisors know that demand will end abruptly on Day 268 and the lab will no longer be necessary. Littlefield Simulation - YouTube Customer demand continues to be random, but the long-run average demand will not change over the product 486-day lifetime. The company has been functioning well in terms of generating profit and demand so far. 49 Just talk to our smart assistant Amy and she'll connect you with the best 1. 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. November 4th, 2014 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 only expense we thought of was interest expense, which was only 10% per year. 15000 This proposal, when implemented, can save up to Rs. Littlefield Simulation Solutions and analytical decisons made. 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. 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. 2. To say that we had fully understood which scheduling to choose and when, will be wrong. We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Graduateway.com is owned and operated by Radioplus Experts Ltd 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. We did not have any analysis or strategy at this point. 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. [PDF] System Dynamics and Simulation/Gaming | Semantic Scholar It appears that you have an ad-blocker running. In the initial months, demand is expected to grow at a roughly linear rate. In the first trial simulation, we were hesitant to add machines. Ending Cash Balance: $1,915,226 (6th Place) 1. Private military companies, in contrast to traditional military contractors provide both direct military services and security services. As such, the first decision to be made involved inventory management and raw material ordering. This helped us do well in our simulations. However, observed 100% Utilization at Station #1 with the 17x more queued kits. As shown by the figure above, total revenues generally followed the same trend as demand. Management would like to increase revenue and decrease costs. Uploaded by zilikos. After resolving the lead-time issues, we used to switch back the contract to contract-3. On many occasions, we questioned each others assumptions and methods to sharpen the other persons thinking and this improved our decision-making. when to order how much, and quoting for the contract lead-times. 24 hours. We did not change the production quantity. The first was that the area be implications of the growing role of private military companies (PMCs) for governing global politics Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Project 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. ROI=Final Cash-Day 50 Cash-PP&E ExpenditurePP&E Expenditure 1,915,226-97,649-280,000280,000=549% Moreover, we also saw that the demand spiked up. Our goal was to buy additional machines whenever a station reached about 80% of capacity. Activate your 30 day free trialto continue reading. At the end of this products lifetime, demand Lead Time Management at Littlefield Labs Reflecting on the simulation exercise, we have made both correct and incorrect decisions. View the full answer. 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. While focusing on immediate goals keeping long term goals in mind is also important. The write-up only covers the second round, played from February 27 through March 3. Day 50 In particular, if an Littlefield Technologies Assignment The British supported the establishment of a Jewish state in the area and Jewish immigration was greatly increasing especially following the Holocaust during World War II. This project attempts to model this game using system dynamics approach, which allows realistic representation of the production system of Littlefield . highest profit you can make in simulation 1. Littlefield Technologies Operations Total Littlefield Simulation Report - 1533 Words | Studymode A huge spike, in demand caused a very large queue at station 3 and caused our revenues to drop, significantly. We made no further changes after switching to contract 3. It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. 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 switch the lot size to 3 by 20 early in the simulation since we know that smaller batch sizes can speed up production. Base on the average time taken to process 1 batch of job arrivals, we were able to figure out how Thundercats I then multiplied that by the obvious 60 minutes per hour to determine the output from each machine center each hour. Winning Strategy for the /ittlefield Simulation *ame A System Dynamics Approach A Major Qualifying Project /Interactive Qualifying Project Report Submitted to the Faculty . Section To give students a peak into some of these financial decisions, online simulations are used. 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. Managements main concern is managing the capacity of the factory in response to the complex demand pattern. Overall results and rankings. 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. 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. 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. 5 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. 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. Pre-production market research suggested that the average daily demand level would be somewhere between 10 orders/day and 14 orders/day. Initially, we tried not to spend much money right away with adding new machines because we were earning interest on cash stock. 1 stuffing testing With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON Machine stoppage data for the, One of our team members conducted a full operations analysis. Littlefiled simulation game 1. Thanks. 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. cost for each test kit in Simulation 1 &2. 5000 However, this space currently was leased to another company on a year-to-year basis and was generating annual rent of. Because we hadnt bought a machine at station 1 we were able to buy, the one we really needed at station 3. 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. Although the process took a while to completely understand during the initial months of the simulation, the team managed to adjust, learn quickly and finish in 7th place with a cash balance of $1,501,794. We had split the roles. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Accessing your factory Starting at 5 PM on Wednesday, February 27, the simulation will begin The game will end at 9 PM on Sunday, March 3. The decision making for the machines is typically based on the utilization of machines. Station 2 never required another machine throughout the, simulation. 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. I have made a few errors but think I stabilized. This taught us to monitor the performance of the, machines at the times of very high order quantities when considering machine. Get original paper in 3 hours and nail the task. report, Littlefield Technologies Simulation: Batch Sizes Analysis. This added an overhead expense of approximately 2147 (Additional maintenance costs + Transfer costs). This button displays the currently selected search type. Our revenue per day improved to 200 $/day. Littlefield Simulation | PDF | Inventory | Simulation - Scribd Poor inventory assessment before the simulation end can hurt. Later, we were forced to add machines. ANSWER : Littlefield 1. The company had excess space in the existing facility that could be used for the new machinery. 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. This article summarizes the nine contributions to the symposium on system dynamics. Littlefield Technologies was developed by Sunil Kumar and . Page | 5 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. 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.