1. What did you observe in inventory and back order levels when you play the game in uncoordinated and coordinated modes? What are the underlying reasons for the problems associated with uncoordinated decision-making? Based on the results you found in the previous part‚ list the potential benefits of coordination. (max 0.75 page) 2. What are the steps companies can take in order to reduce the problems associated with uncoordinated decision-making? Discuss also the potential implementation issues
Premium Decision making Risk Decision theory
Monte Carlo Simulation Using RiskSim 10 10.1 RISKSIM OVERVIEW RiskSim is a Monte Carlo Simulation add-in for Microsoft Excel 2000–2010 (Windows) and Microsoft Excel 2004 (Macintosh). RiskSim provides random number generator functions as inputs for your model‚ automates Monte Carlo simulation‚ and creates charts. Your spreadsheet model may include various uncontrollable uncertainties as input assumptions (e.g.‚ demand for a new product‚ uncertain variable cost of production‚ competitor reaction)
Premium Cumulative distribution function Spreadsheet
REIMAGINING A LINK What if electricity didn’t exist? Well‚ the universe literally would not exist as we know it‚ because electricity is streams of electrons‚ and without electrons‚ compounds (and thus most matter) wouldn’t exist. If electricity (electromagnetism) did not exist the universe would not exist‚ since EM forces are an integral component of the (commonly accepted) standard model. What if humans didn’t know how to use electricity? We didn’t know how to use it for most of our history
Premium
The Matrix depicts a late twentieth century version of Earth where machines have taken over and are using humans as a power source‚ while having them experience life via a virtual simulation called the Matrix. The protagonist of the story Neo‚ or the One‚ has been recently awakened from the Matrix and is destined to free humanity. Following its 1999 release‚ a multitude of articles have been written about the film‚ each analyzing the meaning and implications of it in different ways. In one of these
Premium The Matrix Simulacra and Simulation
The Bailey Prospect[1] It is Thursday‚ May 18‚ 1988. Your assignment is to help Sprigg Lane Natural Resources evaluate the risks associated with a potential investment in the "Bailey Prospect‚" a natural gas opportunity in Doddridge County‚ West Virginia. Your colleague‚ Lisa Weatherford has done a thorough base-case analysis and constructed a spreadsheet model that you can use in your analysis. You and Lisa are financial analysts at Sprigg Lane Investment Corporation. Background Sprigg
Premium Taxation Taxation in the United States Net present value
Simulation Modelling Practice and Theory 18 (2010) 712–731 Contents lists available at ScienceDirect Simulation Modelling Practice and Theory journal homepage: www.elsevier.com/locate/simpat Singularity-free dynamic equations of vehicle–manipulator systems Pål J. From a‚*‚ Vincent Duindam b‚ Kristin Y. Pettersen a‚ Jan T. Gravdahl a‚ Shankar Sastry b a b Department of Engineering Cybernetics‚ Norwegian University of Science and Technology‚ Norway Department of EECS‚ University of California
Premium Special relativity Linear algebra Matrices
appear to be contingent on the link between RFID and warehouse performance. Design/methodology/approach – The framework derived from a two-phase research design. The first phase incorporated two case studies. This was an exploratory study and‚ therefore‚ there was a great deal of iteration between the cases studies and the literature. The objective was to identify important contextual factors that may moderate the impact of RFID. The second phase incorporated simulation modelling. This was a confirmatory
Premium Management RFID Supply chain management
A QUEUEING SYSTEM STUDY FOR REFUELING SERVICE AT SHELL GASOLINE STATION OF MAHAYAG‚ ISABEL‚ LEYTE Undergraduate Thesis VISAYAS STATE UNIVERSITY Visca‚ Baybay City‚ Leyte‚ Philippines DENNIS RODADO ARAÑO Second Semester S.Y. 2009-2010 A QUEUEING SYSTEM STUDY FOR REFUELING SERVICE AT SHELL GASOLINE STATION OF MAHAYAG‚ ISABEL‚ LEYTE VISAYAS STATE UNIVERSITY Visca‚ Baybay City‚ Philippines DENNIS RODADO ARAÑO April 2010 VISAYAS STATE UNIVERSITY Visca‚ Baybay‚ Leyte 6521-A
Premium Cumulative distribution function Computer simulation Randomness
Summary…………………………………………………………………………………2. Introduction……………………………………………………………………………………………3. Preparation of Everest simulation………………………………………………………………….3 Critical Analysis of Attitudes / groups and teams of Everest simulation 1 and 2 Group Experience and result……………………………………………………………………….. Individual experience and result……………………………………………………………………. Critical Analysis of Leadership of Everest Simulation 1 and 2 Group experience and result……………………………………………………………. Individual Experience and result…………………………………………………
Premium Management UCI race classifications Strategic management
major insights collected in a retrospective comparative analysis of eight strategic projects in which ‘policy gaming’ was the major methodology. Policy gaming uses gaming-simulation to assist organizations in policy exploration‚ decision making and strategic change. The process combines the rigor of systems analysis and simulation techniques with the creativity of scenario building and the communicative power of role-play and structured group techniques. Reality is simulated through the interaction
Premium Decision theory Computer simulation Strategic management