CHAPTER 5 STRATEGIC CAPACITY PLANNING FOR PRODUCTS AND SERVICES KEY IDEAS 1. Definition of Capacity. Capacity is the upper limit or ceiling on the load that an operating system can handle. Essentially‚ it is the upper limit on output. Strategically‚ capacity and financial decisions are made first‚ followed by decisions on location of the facility‚ design of the product‚ layout and work systems. 2. Expressing Capacity. If products are similar enough‚ capacity is measured in common units
Premium Ratio Units of measurement Capacity utilization
LittleField (1) What was your initial strategy and how/why did you change your strategy during the game?. (2) Which concepts that you learned in this course did you apply in making your decisions? Explain. (3) What did you learn from the game? General Strategy Getting into the game our strategy was to identify the bottleneck in the process and maximize its utilization. We were aiming to balance our stock so a new stock will arrive every 4 days‚ and the current stock will not run out (but will get
Premium Inventory Cost Contract
Stanford University Graduate School of Business rev. August 2004 Managing Customer Responsiveness at Littlefield Technologies Background Littlefield Technologies (LT) has developed another DSS product. The new product is manufactured using the same process as the product in the assignment “Capacity Management at Littlefield Technologies” — neither the process sequence nor the process time distributions at each tool have changed. On day 0‚ the factory began operations with three stuffers‚
Premium Safety stock Reorder point Inventory
Check 3. Humans have increased the carrying capacity of their environment by advancing and developing new technologies. Starting in the early 1700s‚ humans started to improve technology such as medicine‚ food‚ shelter and weapons. Medicine allowed patients with before-fatal illnesses to be treated or agricultural development allowed the capacity and quality of food to sustain. All changes and improvements made enabled humans to increase carrying capacity of their environment. 4. I would predict that
Premium Population growth Carrying capacity Population
Littlefield Simulation II Based on our success in the last Littlefield Simulation‚ we tried to utilize the same strategy as last time. Our goals were to minimize lead time by reducing the amount of jobs in queue and ensuring that we had enough machines at each station to handle the capacity. We wanted to keep the lead time between .5 and 1 day in order to get the maximum amount of revenue per job. We utilized data from the first 50 days and put it in an Excel chart to forecast the demand for the
Premium Reorder point Safety stock Maxima and minima
Finding Specific Heat Capacity of a Solid using Method of Mixtures | VISHWASHANTI GURUKUL Department of science-Physics Year: 2012-14 Level: HL | Name of candidate : ……………………………………………… Date: 08/01/2013 Name of Teacher: Chandra Sekhar Mogilisetti “Professor Lieber notes that using copper in the manufacture of coffee cups is not the wisest choice.” Specific Heat Capacity of Solid In this lab you will be assessed on
Premium Heat Specific heat capacity Thermodynamics
Littlefield Technologies Game 2 Strategy – Group 28 1. CUSTOMER ORDERS AND ORDERS WAITING FOR MATERIAL: When considering the demand level and changes‚ we would configure a time series of that data using short range forecasting. Time series are important because they are often the drivers of decision models. Trend projection and regression analysis models will be used to forecast the future demand as the growth of the demand increases at a lower level‚ increases to a higher level‚ and then decreases
Free Economic order quantity Safety stock Inventory
MGT 9702 – SERVICE OPERATIONS I LITTLEFIELD TECHNOLOGIES – OVERVIEW Littlefield Technologies (LT) produces Digital Satellite System (DSS) receivers. These receivers are assembled from kits of electronic components procured from a single supplier. The assembly process consists of four steps carried out at 3 stations called board stuffing‚ testing and tuning. The machines at these stations cost $90‚000‚ $80‚000
Premium English-language films
Production Capacity It is highly imperative that management must formulate a strategic plan for operations before any production is carried out. This is basically important in avoiding possible hindrances and excess in capacity. Under capacity may force the firm to cancel production schedules or excess can be fatal due to a broadened fixed cost. Both really would be a financial burden to the firm. Some procedural strategy can be adopted to minimize ill effects of capacity-related problems
Premium Strategic management Production system Strategic planning
MA4850 – SUPPLY CHAIN AND LOGISTICS MANAGEMENT Littlefield Technologies Report Littlefield Technologies is a job shop which assembles Digital Satellite System receivers. The assembly process is carried out at 3 stations via a four step processes. Station 1 is board stuffing station whereby the first step is executed. The first step consists of mounting the components onto PC Boards and soldering them. The digital components are then briefly tested at the testing station which is station 2 in the
Premium Forecasting Logistics Machine