Littlefield technologies simulation. Littlefield Simulation 2 strategy: Littlefield Technologies Simulation Game 2 strategy 2019-02-28

Littlefield technologies simulation Rating: 7,1/10 570 reviews

Littlefield Technologies Game 2

littlefield technologies simulation

We knew in the initial months, demand was expected to grow at a linear rate, with stabilization in about five months ~180 days. We thought we might finish in the top five, but not first. This calculation will give us the average number of daily orders and thus the average number of raw material kits needed, assuming the ratio of 1:1 between receivers and raw material kits remains constant. Though we are pleased with our final results compared to the rest of the class, we see there is still room for improvement. Words: 671 - Pages: 3. However, historic lead times often extend into several days, so management has been unwilling to quote the shorter lead times.

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Littlefield Simulation 2 by Sara Alakkad on Prezi

littlefield technologies simulation

Assignment options include 2-hour games to be played in class and 7-day games to be played outside class. This effectively decreased the queue at each station and materials started moving through the factory more efficiently. It ran for 250 simulated days over the course of 3 days. Depending on your version of Excel and your operating system, you may need to save the downloaded data to a file and then select Excel as the program to open that file. Those reactive e machine buying strategies y happened before Day 135. After an analysis on marginal benefit and marginal cost, But we immediately decided to changed thechoose Ccontract number to 2 as theits speed to make money is much faster.


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Littlefield Simulation by Stacey Robinson on Prezi

littlefield technologies simulation

How should things work so it runs more efficiently? We reviewed the customer needs for each segment and the information regarding how customers intend to use computers. The purchasing decision was based off assumptions. Purchasing Machines : Since our goal is to maximize the cash position and it is costly to buy a new machine, we decided to invest in a conservative way—we only buy machines when it becomes bottleneck. Here is a discussion of the pros and cons regarding the decisions we made. As shown, utilization was brought down and become helpful during the five-month demand hike.

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Littlefield Technologies: Overview

littlefield technologies simulation

The Responsive Learning Technologies website lists the various business schools that use this simulation model and the various countries where this model has been used. An order does not leave the system until all 60 kits in the order are completed. Responsibility for monitoring the progress of our team was taken up by each member of the team. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. When choosing an appropriate batch size, there is a trade off between capacity and inventory. Littlefield Technologies seeks to minimize production costs and sell at the highest price the market will allow, with the end result of maximizing profit, or value for shareholders.

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Littlefield Technologies Simulation Game 2 strategy Share Essay Example for Free

littlefield technologies simulation

The objective was to maximize cash at the end of the product life-cycle 270 days by optimizing the process design. A discussion ensued and we decided to monitor our revenue on this day. There is a lot of uncertainty on. Finally it did not have a contract negotiated with customers that maximized the price the market was willing to bear given taking into account the order lead time the customers required. Neither you, nor the coeditors you shared it with will be able to recover it again.


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Littlefield Technologies Simulation: Batch Sizes Essay Example

littlefield technologies simulation

After this, demand was said to be declined at a linear rate remaining 88 days. Teams that are successful will not overbuy production capacity during the peak, as it will leave them with excess capacity when demand dies down. Using the analysis, demand for the 268 days of production was forecasted, and our strategy set accordingly. Stanford University Graduate School of Business September 2007 Littlefield Technologies: Overview Introduction Littlefield Technologies is a job shop which assembles Digital Satellite System receivers. The Romans engineering superiority that created their unstoppable sea power also contributed to the success of this great civilization. One hour of real time corresponds to 24 hours of simulated time. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically.

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Littlefield Simulation 2 strategy: Littlefield Technologies Simulation Game 2 strategy

littlefield technologies simulation

This left the factory with zero cash on hand. In order for capacity to be maximized, our group would ideally have had to have machines run at maximum utilization. Then go to the registration website, which can be reached by. Thus, we set our re-order quantity to 400. But could we be misusing it? I used the thought that as we were still in winter when the project began that people would use more oil and gas at this period. We wanted machine 3 to never be idle and thus, kept the priority at 2. After this, demand was said to be declined at a linear rate remaining 88 days.

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Littlefield Technologies Simulation: Batch Sizes Essay

littlefield technologies simulation

In light of the slow speed of the simulator, there will usually be no need for frequent updating. As the demand for orders decreases, the reorder point and reorder quantity will need to be adjusted accordingly. Future demand for forecast was based on the information given. The assembly process consists of four steps carried out at 3 stations called board stuffing, testing and tuning. Personal knowledge and speculation were included as well. Finally, you will be asked for the names of each of the team members. For example, ordering 1500 units will increase the overall cost, but only by a small amount.

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Student Profile: A Winning Strategy

littlefield technologies simulation

The Littlefield Technologies and Littlefield Laboratories simulation game models a factory or lab whose process has four steps on three work stations. We kept alive monitoring and found that this strategy which worked well. We were afraid to go to the 5 by 12 because of the large setup time at stations one. Large batches lead to large inventory; small batches lead to losses in capacity. This Simulation Exercise introduced several psychological terms and helped to give me a better understanding of them. After identifying the bottleneck, We decided to purchase machine in station 1 first on Day 51 to see how this modification action would affect the factory operation.

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Littlefield Technologies Simulation: Batch Sizes Essay Example

littlefield technologies simulation

Littlefield Technologies Game 2 Strategy — Group 28 1. We made couple mistakes, but most importantly we have learned from. The game can be quickly learned by both faculty and students. There are different versions of the simulation for different duratiosn which can be selected by the professor. Current State of the System and Your Assignment At the end of day 350, the factory will shut down and your final cash position will be determined. Although it was made late, and we should have sold two machines from station 1 at day 180, we were keeping one in case demand suddenly changed.

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