WORKING CAPITAL SIMULATION LT10 – B PHASE 1: SELECTION CRITERIA: In selecting what option to select the team came up with the following criteria: 1.) Selected option should lead to a reduction in working capital requirement and reduce short term debt in the process. 2.) Selected option should reduce the Cash Conversion Cycle. 3.) Selected option should free up locked capital in receivables and inventories. 4.) Selected option should lead to a zero working capital policy in the
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Age Simulation Reaction I often times sit back and think of myself as elder later on in life. So many thoughts come to mind about my physical appearance; not so many thoughts in regards to my own mindset or the mindset of others that surround me‚ both seniors and young people. I have never been a person to care how others feel about me‚ but this one day in particular when I was put in the shoes of an elderly person my world was turned upside down by the words‚ looks‚ and thoughts of others. Going
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“What factors contributed to your team’s performance‚ cohesion‚ and learning?” Summary The Everest Simulation is designed with the key factors relating to teamwork in mind. Things like effective communication; specific information sharing‚ process orientation and conflict management play a major role in determining the success of a team. Our team consisted of Ellena Berg who was the Team Leader‚ Gary Leduc the team’s Physician‚ AiPing Lee the Environmentalist‚ Ushita Shah the professional Photographer
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consumerism‚ gender relations‚ economics‚ social history‚ art‚ Western foreign policy and popular culture. His best known works are ‘Simulacra and Simulation’ (1981)‚ America (1986)‚ and ‘The Gulf War Did Not Take Place’ (1991). Postmodernism and post-structuralism are the main areas in which his works are based on. Baudrillard in his essay Simulations‚ defines simulacrum as “…The simulacrum is never that which reveals the truth- it is the truth which conceals that there is none. The simulacrum
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Ethical Issues Ethical Issues In this paper the author will explain his point of view from the simulation. He will discuss the decisions made in the simulation. He will describe his perspectives and lenses found in the simulation. And finally he will discuss concepts that relate to his situations on the job. The lab got behind on a few projects and did not finish testing a particular product until it was sent out to stores. When the lab did tests‚ they found a contaminate in the product. All
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On Friday July 15‚ my group of medical student visited the simulation laboratory. After climbing a couple sets of stairs we were broken off into three different groups for three different sets of activities. The first for me a combination of a couple of simulations. The first one was a simulation designed to help surgeons further develop their skills. We used small clamps to pick up and move rings to different poles. This seems quite simple but we had to do it looking at a monitor that projected
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Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. Our team finished the simulation in 3rd place‚ posting $2‚234‚639 in cash at the end of the game. We did intuitive analysis initially and came up the strategy at the beginning of the game. And then we applied the knowledge we learned in the class‚ did process analysis and modified our strategies according to the performance results dynamically. We have reinforced many of the concepts and lessons
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Physio-EX Blood Analysis: Computer Simulation Introduction In this lab five blood tests will be performed: hematocrit determination‚ erythrocyte sedimentation rate‚ hemoglobin determination‚ blood typing‚ and total cholesterol determination. A “hematocrit refers to the percentage of red blood cells (RBC’s) in a sample of whole blood. Since the function of red blood cells is the transport of oxygen to the cells of the body‚ the higher the hematocrit‚ the more red blood cells are available to carry
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Pizza Store Layout Simulation University of Phoenix Introduction The concept of the learning curve is a powerful tool and is applicable to all learning processes. In this simulation I became the manager and ran the Pizza store hoping to produce a better process for the amount of time a customer waits for their order. The goal of my job was to apply the learning curve concepts to test the alternative against the current process of the Pizza store. I will explain and provide information
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Pricing Simulation During twelve months‚ starting in October‚ we were responsible for setting the pricing strategy of Universal Rental Car Company‚ as the district manager for the Florida region of Orlando. It was a big role as Florida was the company’s worst performing region and had two major problems: “Stock outs”‚ which used to occur during demand peaks‚ and “unsold inventory”‚ which occurred in demand valleys. Furthermore‚ we had to deal with the competitor in an intense price war‚ as the customers
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