The logic behind this decision was to complete as many units as possible without delay. 5 I will classify our approach as that of hit and trial. 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. The goal of our company was to make money, so we needed to upgrade to contract 3 as quickly as possible. Littlefield Simulation Report | PDF | Simulation | Demand - Scribd At the end of day 350, the factory will shut down and your final cash position will be determined. Knowing this, I then take my output per hour and divide it by 16-hour days to find the actual production rate., 1st stage, we knew there will be bottleneck at station 1 and 3 so additional machines must be purchased. We were interested in allocating the money towards marketing as opposed to production. Need a custom essay sample written specially to meet your Management is concerned about this outcome. Littlefield Technologies (LT) has developed another DSS product. We were asking about each others areas and status. The decision for the customer contract is between three options. To give students a peak into some of these financial decisions, online simulations are used. Kamal Gelya 129 Ranking We also reorder point (kits) and reorder quantity (kits), giving us a value of 49 and 150., 66 | Buy Machine 3 | Both Machine 1 and 3 reached the bottleneck rate as the utilizations at day 62 to day 66 were around 1. My reasoning for using this strategy is that my products will be extremely useful and beneficial to its consumers; products like BIC and McDonalds are in extreme demand with the situation of todays economy. We know from the text that Al Beck is running two eight hour shifts so the machines are running for a minimum of 16 hours per day. 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. In the beginning of the simulation itself, we had decided to be proactive in lead-time management and hence go for the aggressive contracts. The simulation ends on day-309. Do a proactive capacity management : Machines.
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