SPREADSHEET MODELING AND SIMULATION Spring 2014 Instructor: Yanjun Li‚ office: KRAN 422‚ phone: 494-4525‚ e-mail: li14@purdue.edu Office Hours: Tuesday 1:00 – 4:00 pm‚ or by appointment. Course Packet: The course packet contains cases and readings from various sources. Textbook: David Hartvigsen‚ SimQuick: Process Simulation with Excel‚ 2nd Edition‚ Prentice Hall‚ 2004. (ISBN: 0-13-107880-1) References: Law‚ A. M. and W. D. Kelton‚ Simulation Modeling and Analysis
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what’s wrong with our order quantity setting number. After the arguing‚ we decided to change the order quantity and keep adjusting the number of the order quantity. We keep tracking the revenue earned after we changed the order quantity. Actually‚ the final number of the order quantity is about even to 2000. We think the problem we get at first is the manufacturing costs dramatically increase at the beginning of the action which directly cause the revenue dropped rapidly. In conclusion‚ our performance
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Simulation Quasar Following an economic analysis on the company Quasar Computers‚ based in the computer industry to understand pricing strategies and market competitiveness. First‚ identify the pricing strategies and price in each market structures: monopoly‚ oligopoly‚ monopolistic competition and perfect competition. Second‚ we describe the relationship between technology‚ research‚ development and economic efficiency and then justify the investment in these areas to maximize the economic benefits
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2014William Stokes Managing Growth Simulation Introduction The working capital simulation has allowed us to analyze the financials of Sunflower Nutraceuticals Company(SNC). The decisions made by the CEO increased the working capital and maximized the overall organizational growth potentially with respect to time. Moreover in addition to various details of the SNC firm we have also examined various decisions which took place in each of the phase of SNC’s simulation which has an estimated values
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the prior quarters. In fact‚ our team ranked 2nd out of 9 teams during this quarter. Each KPI category was improved‚ yet there is still room for improvement. During quarter 3‚ $396‚500 was spend resulting in a balance of $388‚500 available for the final quarter. Our team continued to focus on our initial three decision factors‚ however we also decided to invest a little extra money in selection. Beginning with training‚ our team eliminated the employee handbook and continued to focus our efforts
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density was rated the highest among all features so we decided to focus on this one. We chose energy density within the NiMH due to its historical profitability. The minimum annual cost for this project was $3M. Since this was our first round of the simulation‚ we decided to invest the minimum required. Our team also felt it was important to focus on process improvement. Learning from the GEOX case study‚ in order to compete with surrounding competition‚ a company must
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[pic] ASSIGNMENT FRONT SHEET Course Title: M921- Managing Service Operations in the Evolving Business Environment Faculty: A. Gervaix Student Class: MBA - group B Assessment Title: Benihana Simulation Analysis Due Date: September 21‚ 2012 Due Time: Midnight Word Count: Statement of Authorship I certify that this assignment is my own work and contains no material which has been accepted for the award of any degree or diploma in any institute‚ college or university
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Benihana Simulation Analysis Harvard Business Publishing has created a computer simulation to replicate the operations management decisions facing Benihana. Benihana is a teppanyaki style restaurant franchise that focuses on bringing a theatrical dinning experience to its patrons. The layout of the restaurant consists of two seating areas: the bar and the dining area. The goal of this simulation is to maximize utilization‚ throughput time and the nightly profit using different batching‚ bar sizing
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I volunteered to be an observer for the Everest Simulation‚ and I learned a lot by observing participants interact with one another. As I walked around each group‚ I quickly realized that I wasn’t going to learn as much about the simulation by observing each group; I had to focus on one team and observe their work. As a result‚ I watched one team and learned many important management skills‚ such as leadership‚ planning and controlling‚ setting team and individual goals‚ and communication. The
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The Airplane game‚ an exercise in lean thinking. After reviewing the article The Lean Service Machine (Swank‚ 2003) and watching a video series on making toast using the concepts of Kaizen‚ the class settled into the simulation. This simulation utilized the uniquely simple task of making a paper airplane and transformed it into an overly complicated multi-step batch process simulating the complex production processes that control the manufacturing of military aircraft. There was a job initiator that
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