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    Littlefield Game 2 Fact Sheet and Hints

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    john

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    © All Rights Reserved
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    Littlefield Game 2 Fact Sheet and Hints

    Uploaded by

    john
    5 views2 pages

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    5 views2 pages

    Littlefield Game 2 Fact Sheet and Hints

    Uploaded by

    john

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Here are some suggestions that may be considered while playing game 2.

    In Game 2, you
    will have control over most aspects of the factory. Note down all the decisions you need to
    make, go through them one by one, and decide on the logic with which you are going to make
    those decisions.

    Use initial 50-period data to forecast the demand. The demand is random and may change
    its pattern over the simulation period. Therefore, it is important that you regularly monitor
    demand and update your forecast accordingly. The following are the game parameters:

    The game will go live at 7:00 PM on 12th December 2023 (Run time: 7 days)

    No of simulated days per real day: 48


    Total number of simulated days: 486
    Student access begins on the day: 50
    Student access ends on the day: 386
    Initial cash per team: 200000
    Interest rate per year: 10%
    Debt becomes available on the day: 150
    The initial cost of debt as a fraction of debt: 0.05
    Debt rate per year: 20%
    (Interest is compounded daily)
    Kits per order: 60
    Initial lots per order: 1
    Options for lots per order: 1,2,3,5,10
    Starting maximum jobs in the factory: 100

    Your shop floor supervisor has compiled the following processing time estimates:

    Step Station Set-up time (per lot) Operation time (per


    unit)
    1 1 1.4 hours 0.065hours
    2 2 0.2 0.005
    3 3 0 0.03*
    4 2 0.2 0.02

    * tuning time is exponential

    For practical purposes, process steps 1, 2, and 4 can be considered deterministic. Processing
    times exhibit more variability in station 3, and their distribution seems roughly exponential
    (coefficient of variation equal to 1).
    • Refresh your concepts about EOQ, Reorder point, safety stock, and Little’s law. This
    will help you to decide on the variable values that need to be changed to achieve better
    performance.
    • Calculate the mean and standard deviation of demand. Use them as your input for
    inventorycontrol.

    • While deciding on the type of contract, first see whether your current lead
    time can accommodate the lead time requirement of the contract.

    • Also, think about the priority rule at station 2.

    You will lose control of the factory in the last 101 days. This means you cannot make
    any decisions towards the end of the game when 101 days remain. Can this be played
    as a single-period problem? Think about the risks and benefits of this approach!

    Enjoy the game!!

    Good Luck!

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