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. at Littlefield Technologies Spring 2007(
Littlefield Technologies charges a premium and competes by promising to ship a receiver within 24 hours of receiving the order, or the customer will receive a rebate based on the delay. This left the factory with zero cash on hand.
Here are our learnings. 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. Littlefield Simulation BLUEs: Anita Lal Jaimin Patel Kamal Gelya Ketaki Gangal 2. Copyright 2023 service.graduateway.com. 169
We did intuitive analysis initially and came up the strategy at the beginning of the game. Clear role definitions avoid confusion and save time. 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. This same approach was used until our lead times dropped enough to consistently fulfill contact 3. Management requires a 10% rate of return on its investments. 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
Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. . Marcio de Godoy
Clipping is a handy way to collect important slides you want to go back to later. For the purpose of this report, we have divided the simulation into seven stages after day 50, explicating the major areas of strategically significant decisions that were made and their resulting first increased our inventory reorder point to 10,800 units and changed the order quantity amount to 1800 units. 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. This product also is expected to have a 268-day lifetime. This was met by opposition from the Arab population in Palestine and, as violence between the groups increased, the British were forced to turn the region over to the United Nations. Clear role definitions avoid confusion and save time. It has been the central topic for many resolutions, special committees, and peacekeeping efforts over the last sixty years. Graduateway.com is owned and operated by Radioplus Experts Ltd 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. 10
Inventory June
Littlefield Simulation At s the end of this lifetime, demand will end abruptly and factory operations will be terminated. 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. At this point, all capacity and remaining inventory will be useless, and thus have no value. 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. The company started off producing 20,000 units of mountain bikes. Thereafter we kept an active watch on lead-times and tried to resolve it through the intense team communication and proactive operations-management. (Exhibit 2: Average time per batch of each station). Private military companies, in contrast to traditional military contractors provide both direct military services and security services. Because: Expert Answer 100% (1 rating) True In order to rectify the inventory policy, the EOQ framework was to be utiliz View the full answer
The decision for the customer contract is between three options. 25000
They include five articles on basic research in learning and teaching principles for system dynamics, three articles on interactive learning, Purpose We wanted our inventory to drop close to zero to minimize overall holding costs, but never actually reach zero.
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; and How would you use this in determining your business plan? 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. In case you can't find a relevant example, our professional writers are ready 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. Demand
Please refer to the appendix (Exhibit I) for detailed financials., The Elijah Heart Center needs to make changes on cost-cutting, funding options for equipment, and funding options for capital expansion. Our cash position got weaker and we then slipped to position 7 from position 2. We learned the lesson from that simulation that we should have added machines much earlier. 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). Littlefield Simulation. Chu Kar Hwa, Leonard
Borrowing from the Bank
3. The few sections of negative correlation formed the basis for our critical learning points. BIC uses a strategy similar to the Niche Cost Leader Strategy. | 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. 265
All rights reserved. What new decisions will you make regarding production levels and pricing for your Widget facility? But we did not know if it was the reason for the full utilization of the machinery. 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. 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. By doing this, we could produce all incoming kits with a priority enabling an even flow of kits to Station 3. 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. Looks like youve clipped this slide to already. 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.
We used to observe revenues. 0 6 comments Best Add a Comment camcamtheram 2 yr. ago Background
In March, April, and May will fire 4, 3, 3, employees respectively. It has been successfully used at the graduate and undergraduate level by thousands of students at more than a dozen universities. While focusing on immediate goals keeping long term goals in mind is also important. Summary of articles. Current State of the System and Your Assignment
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One colleague was responsible for customer order management and the other for the 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. 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. 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. Accessing your factory
Dont After contract 3 was reached, our simulation flowed very well with the maximum amount of profit for almost the full remainder of the simulation. 15000
Managing Capacity and Lead Time at Littlefield Technologies Team 9s Summary
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. 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. Check out my presentation for Reorder.
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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. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. In addition, we will research and tour Darigold Inc. to evaluate their operations, providing analysis and recommended changes where we deem applicable. 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. The case was given one day in advance. 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. Do not sell or share my personal information, 1. 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. when to order how much, and quoting for the contract lead-times. Littlefiled simulation game 1. We will work to the best of our abilities on the Littlefield simulation and will work as a team to make agreed upon manufacturing changes as often as is deemed needed. 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. In addition, Miltons regular supplier had hiked about the prices on the motors that he needed by 25%, while Markowitz had been able to find from a supplier overseas for 25% off temporarily to build customer base.
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. In particular, if an Littlefield Technologies Assignment
We have reinforced many of the concepts and lessons learned in class and had a better understanding of the operation of the Littlefield Technologies facility and how certain modifications would affect the throughput and lead time. Last year our forecast sales were 24,000 when we only sold 19,866; therefore we thought it would be best to leave production at 20,000 bikes. Littlefield Technologies mainly sells to retailers and small manufacturers using the DSSs in more complex products. 49
These teams had to figure out their strategies and activities on the go. We summarize the nine contributions. Can you please suggest a winning strategy. Capacity Management at Littlefield Technologies
submit it as your own as it will be considered plagiarism. Littlefield Simulation Report: Team A
cite it correctly.
Station 2 never required another machine throughout the, simulation. We knew that the initial status quo was limited by the inventory quantity. 1.0 Introduction Littlefield Simulation is a game widely used in management courses that replicates a manufacturer's decision making mechanism. Click here to review the details. Our initial contract situation was contract-1, which provided a revenue of 175 $/day. 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. performance of the factory for the first few days. We had split the roles. The account includes the decisions we made, the actions we took, and their impact on production and the bottom line. 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.
COLLEGE |CARROLL SCHOOL OF MANAGEMENT
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. 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. (2016, Dec 02). The SlideShare family just got bigger. 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. Start decision making early. 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. stuffing testing
By continuing well . 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. As soon as we noticed our lead times drop sufficiently enough for a new contract, we upgraded immediately. With the daily average demand and SD we could control the Littlefield Labs system capacity. [pic] |BOSTON
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.
for EOP and ROP. DAYS
Littlefield Technologies Operations
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. This meant an increased level of production and increased pressure on machines; therefore naturally the breakdown of machines was increasing. Littlefield once again has contracted with your operations management consulting team to manage their operations for this new product. 121
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One solution was that we should let the inventory run out and not reorder anything. Littlefield Simulation Analysis, Littlefield, Initial Strategy - Littlefield Simulation Analysis - Studocu Homework assignment littlefield simulation analysis littlefield initial strategy when the simulation first started we made couple of adjustments and monitored Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew Team Contract The winning team is the team with the most cash at the end of the game (cash on hand less debt).
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