Shipping from Sorange factory to Calopeia warehouse. 2. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. Trick: Day 630, capacity at Calopia add 30 to be 100, Factory at Sorange should be first 30, then add 20 more to be 50, Fardo Factory good at 20. Order point: Sorange factory to Calopeia warehouse. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. 2. and 14 days to get the product to market, leaves about 596 days of reliable production remaining. AGILEA was createdin 2009, and introduced supply chain simulation game for management of Customers' demand, Suppliers' order book, inventory levels, backlog. Indeed,exportingtothatregionwillinevitablyincuralossormakeasmallprofit(ifthereisawarehouseinFardo). Day 730 It is possible to calculate the regular capacity, without adding more drums 90 days x 20 =1800, and 28611-1800 = 26811. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. Themostprofitablewaythatmarketcanbeexploitedisthroughlocalproductionandwarehousing. Inthisregard,Iplottedthemaximummonthlyproductionachievablepermainlandfactory(SorangeandCalopeia)inannex4tocomparewiththetotalmainlandmonthlydemandinannex5. 8 X 25 X 596 = $119, as above we can see that a warehouse is again justified. Firstly, a company should contact several providers to seek to ask demonstrations on its services. profitable manner. student. In addition we had proper safety stocks built up in both all factories continue to operate at maximum capacity, as we know that we will be unable to fulfill all First,manykeyfactorsthatarepresentinreallifearenotincludedinthegamesuchasproductquality/obsolescence,costoflabour,rawmaterialspricefluctuationsorinterestratesandforeigncurrencychanges. Inreallife,afirmwouldhavedifferentoptionssuchasastrategicpartnershiporoutsourcingwhichmayhavebeencheaperthanbuildinganewfactory. These mistakes should be avoided by ensuring a high sense of consciousness in selecting the supplier. Similarly, the payoff for a factory in Entworpe would be Jacobs aims to maximize the revenues during the next two years of the industries lifetime with the focus on decreasing production costs and increasing profits. Some of the key aspects fostered in supply chain management include, logistics, forecasting, supply network design, inventory and production control. Day 938 It is necessary to achieve the optimal capacity in 45 drums per day. our product, each with different demand characteristics, though the final selling price in each market was This report on Supply Chain Game was written and submitted by your fellow In this case, there is a four-step process in which companies should adopt in finding a vendor. From our experience at the end of round one we did not want to end up with extra For example at one point we went for a long stretch with no demand in Entworpe, and inventory just sat there, meanwhile we were losing sales in Tyran because there was no inventory. RISK ASSESSMENT 4. Demand in Tyran is averaging 19 per day, and is level and non-seasonal. by Chang, Chinese Exclusion Act and Immigrants' Protests, The Stochastic Demand for Optimum Blood Inventory Management, The Impact of Energy on Logistics Systems, Perishable Goods and Related Logistics Issues, Transportation Freight/ Logistics: NVOCCs. We began our initial analysis by reviewing the instructions in detail. Knowing that additional capacity takes 90 days to build, we can see that we shouldn't add any capacity after day 1100. just under $500,000. ThesecondlimitationIobservedisthelackofinteractionwithothercomponentsofthesupplychain. Satisfy demand in Tyran from Entworpe warehouse. The database is updated daily, so anyone can easily find a relevant essay example. To minimize the cost for this region. In this paper we review an innovative web-based simulation game for teaching supply chain management concepts. In addition, it is necessary to address the problem of the lost demand. The adoption of a total quality management team should also be undertaken to fasten the supply processes. approximately 14 days for the first product to reach market. Theexpectedpayoffsare: (30*640*211.72)-30*50000-500000-100000=1965024. First,itisusefultobreakdownthecostsassociatedwithmyactivity(basedonabatchof200). While the product sale price does not vary, the cost to bring the product to market does vary by region, expected in both Entworpe and Tyran. Thus,frommonth27,Calopeiafactorywillserveallmymainlandregions. adjusted settings for Calopeia to serve all three new warehouses in other regions. 0000074923 00000 n Similarly, the payoff for a factory in Entworpe would be 8 X 25 X 596 = $119,200 A new factory has a fixed cost of $500,000, so there is clearly no payoff to build a factory in Entworpe. Demand forecasting 2.1. Day 919 - Tired of losing sales at Sorange, increase capacity by 5 more, to 65. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. This table summarizes the characteristics of each market. ThismeantthatIhadtowait44daysbeforereceivingmyorder. Chaining the order quantity from 150 to 200 on Day 730, it is possible to achieve cost savings in production. What is the. Therefore we believe it is clear that a factory in Sorange is justified. (2022, April 8). Satisfy demand in Tyran from Sorange warehouse. Iwillusethesefigurestoassesswheretobuildfacilities. The cost of building a factory is $500,000 regardless of the factory capacity. In comparison, it costs $150 to mail one drum. Theconsequent5694instockwouldbeenoughtosustaindemandinCalopeiauntilmonth30. We wanted to be sure that we didn't IfIsummarizetheorderdataavailableslightlyafterday730bymonth,Iobtainthefollowingtable: Inowneedtodeterminetheintercept(a)whichisgiventhroughthefollowingformula: Icannowdeterminetheslope(b)withthisformula: NowthatIhavethevaluesofaandb,thefollowingregressionequationcanbeusedtoforecastfuturemonthsorders: Withthisequation,IcouldconstructthefullforecasttableandthecorrespondinggraphinAnnex2whereonecouldseethatestimatedremainingdemandforSorangeis51629. Below is the recommended strategy in the beginning of the game. Sorange differs from the other two regions in that demand, while currently only about 11 units per day, it is increasing linearly and will continue to do so until day 1430. take it up to 75. We have two choices in Fardo, build a warehouse and serve it from another region, or build both a warehouse and factory in Fardo dedicated to serving only that market. At It's current network consist of a factory in Calopeia with a capacity of 20. this is Amazing! Focusing on the fact that the demand is seasonal, but rather stable, it is possible to forecast the demand for the next two years in about 39 drums per day because 28611/730 = 39.2 where 28611 is the number of completed drums, and 730 is the number of days of the businesss lifetime. We calculated initial demand in Fardo to be approximately 15 units per day. We are also thinking that final capacity may end up higher than originally anticipated at 70-75. The cost of capacity is $50,000. IvyPanda, 8 Apr. For inventory, we will order the quantity with the level of 200, units to fulfill the maximum capacity of a truck and this refers that the level of inventory in the. (2019, August 22). We utilize security vendors that protect and It probably wouldn't have paid for itself. Theformulaforthistoolisasfollows: WhereFt+1=newforecast,Ft=currentforecast,Dt=valuefortimeperiodtand=smoothingconstant0.3. Instead,IwillusethecomingtwomonthstobuildupinventoryinCalopeiatoprepareforthepeakseasonthere. Expectedprofit:Profitperunit*unitssold. Asaresult,IscarcelydeservedtheEntworpeandTyranwarehousesandhadtoreducedeliverytimebyswitchingtomailjusttokeepupwiththeSorangeandCalopeiademand,thusreducingmyprofitmargins. 19 X 25 X 596 = $283, Starting, set up WH at all region, a Factory at Sorange and Fardo.5. Plan:- Choose which markets to supply. My post simulation report on the Pangea Supply Chain game. Assume the factory on Calopeia has a capacity of 70 drums/day. Below is the recommended strategy in the beginning of the game. to make strategic, tactical, and operational decisions. We began our initial analysis by reviewing the instructions in detail. The Loan Fund that Mr Pedro offered me enabled me to take advantage of an incredible opportunity to relocate and expand my business, at a pivotal time. IvyPanda. We round up and subtract 240 from 1430 to get 1190. We wanted to be sure that we didn't miss any costs like we did in the first round. professional specifically for you? August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. remaining inventory. Lamentum ($15.99 ERP . Day 919 -Tired of losing sales at Sorange, increase capacity by 5 more, to 65. So we decided to serve Tyran from Entworpe for a short time. First,togivemesomeleewayincaseanunexpectedeventsuchasasurgeindemandcametomaterialize. 1. DO NOT SELL anything from Calopia WH to any region (except its local customer) from day starting till WH is ready.6. The . IvyPanda. Althoughthissimulationwasveryhelpfulatunderstandingthecoursecontent,itdoespresentseverallimitations. Indeed,Istartedbyadding10capacityinCalopeiainsteadof30onthefirstday;andIalsodelayedtheconstructionoftheSorangefactoryasIobserveddemandwasslowerthanexpectedtostartwith. This is IvyPanda's free database of academic paper samples. Note: 1) Please note that for both games, the game will end on day 1460. Added 1 more unit of capacity to 17, Day 917 - Increased capacity at Sorange factory by 5, now 60. Iusedthefigure136.72asprofitperunitbecausetheoriginalstockhasbeentransportedbymail(86.72profit)buttherestofthestock(ifIhadsoldtheminthecontinent)wouldbetransportedbytruck(186.72profit)soIsimplycomputedanaverageprofitperunit. Ultimately we decided not to build any additional capacity. ThesectionsbelowwilldetailhowIintendtoachievethatandhowIwillmanagemynetworktoensureIamleftwiththehighestcashbalanceattheendofthesimulation. Satisfy demand in Sorange from Entworpe warehouse. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Calopeia. In addition to capital investments we also adjust the order point in Calopeia up to 5000 to insure that the factory would not be idle. This number doubles the costs of using trucks. Tyran and Entworpe. - Omnidirectional combat space for strategy games: naval, air, land. Day 749 - Began construction of the warehouse in Fardo. Transcribed image text: Note that you will have the following when Simulation 2 begins on Day 731: Daily demand in units, for each region Day Calopeia Entworpe Fardo Caopela ll Beginning Cash: $6,796,509.90 Beginning Inventory at the Warchousc: 2528 units Material In Transit to the Warehouse: 0 units Capacity: 70 units per day Reorder Point: 2000 Forexample,incaseofaretailerpromotion,demandwillsurelyincreaseandconsequentlyanyparticipantupthesupplychainwillincreaseitsstocklevelstomeetthenewdemand. Since there was only a period of about 130 days where we lost sales due to inability to meet demand. At around day 1415 we shut down most of the factories and were pretty conservative on our estimates of remaining inventory. Inhindsight,thissimulationwasanexcellentwaytoputtheconceptslearnedduringthemoduleintopractice. Calopeia For the Calopeia region, the assignment stipulates that demand is very seasonal but stable. time demand in Calopeia increased to the point where there was no extra capacity, we had built up an Below is the recommended strategy in the beginning of the game. Lesson: Writing with Purpose, Assuming gamma = 0.2, demand at time period 1, D1 = 101, and the estimated level at time period 1, L1 = 111, seasonal factor for time period 1, S1 = 0.99, and the demand periodicity is 4. Throughout the course of the game, the 230 0 obj << /Linearized 1 /O 232 /H [ 841 894 ] /L 1403870 /E 101399 /N 34 /T 1399151 >> endobj xref 230 19 0000000016 00000 n Iendedupdoingjustthatafterthesimulationendedanditisavailableinannex9. Shipping from Sorange factory to Entworpe warehouse. We believe this is the only way to turn a profit in this market. Indeed,Iamtoldtheyreachedtheirlongrunaverageonday670,althoughordersizesandarrivalsarerandom. The Le_Meridian Funding Service went above and beyond their requirements to assist me with my loan which i used expand my pharmacy business,They were friendly, professional, and absolute gems to work with.I will recommend anyone looking for loan to contact. Sorange as we should have been, and it has cost us some lost sales. The whole issue consists of the setting of production and inventory control parameters, warehouses, factories and transportation choices. Hopefully this will allow us New factory? When you buy Wh, factory initial, I knew Cash almost gone. Serve the market using excess capacity from Calopeia. Thus, the use of trucks seems to be more advantageous for Jacobs, but the problem is in the transportation time and number of drums in each track. While the product sale price does not vary, the cost to bring the product to market does vary by region, depending on the location of both the factory and the warehouse. Volume 90%, Reading Guide Graphic Organizer Step 1: When reading a book, it's all about asking the right questions and finding the answers. The average demand between day 671 and day 730 is just over 8 units. Thus, Calopeias manufacturers of air conditioner retrofit kits are interested in buying Jacobs chemicals. Production parametersYou have $20,000,000 to design your network. There is no question of serving this area. (2019, August 22). It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. AlthoughitworkedverywellinFardowhereIdidnotencounteranyissues,IshouldhavenonethelessusedthecontinuousreviewinventorymethodincludingthesafetystockandtheEOQtomanagemyinventories. BelowIwillanalyzethosemistakesandexplainhowIcouldhavedonebetter(refertoannex8forSCORmap). In our supply chain game, we've taken the original beer game and developed it further to include some additional challenges that are common in supply chains. - ernie. It is important to focus on achieving the order quantity in 400. TheriskofrunningoutofstockwhendemandpeaksisalsoareasonwhyIdecidednottoservetheothermarketsuntilday790. The main motive making business to engage in supply chain management is to enhance their efficiency. Production Capacity Increase production capacity from 70 to 80 since including other countries only add about 15% more demand and there is small loss demand in Calopeia with current capacity. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Once a factory is operational it will also take some number of days for the first shipments to reach the market. This enhances in the enhancement of efficiency in timely delivery as well as provision of quality services. Because of this inventory buildup we did increase holding costs and lose interest revenue, but we were. First, the demand forecast for each region will be established and I will then make decisions regarding how to exploit these markets in section 3. IvyPanda. myfinaldecisionisthatthereismorevalueinbuildingupstockviatruckinCalopeiawarehouseformonths25and26soIcanthenfocusonprovidingfortheotherwarehousesoncetheyarereadyandsellfromthemataprofitmarginof186.72. TheCalopeiaregiondisposesofafactorywith70drumsadaycapacityandawarehouse. Forexample,theexpectedprofitfortheinitial51100capacityis: 27778unitsexpectedtobesoldinCalopeia*211.72profitperunitforlocaltrucktransport+[(51100-27778)amountsoldinotherregions*186.72profitperunitforcontinentaltrucktransport], 27778*211.72+[(51100-27778)*186.72]=10235842. Firstbelowisatablesummarizingmyinvestmentsininfrastructure. The optimal strategy for changing the capacity is based on adding the capacity gradually. Here are all the upcoming games and their release dates, including Wo Long . Calopeia Factory? Retrieved from https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Osvald's story takes the unusual step of setting his first two chapters back-to-back, but at least the second chapter is much shorter. This is not seasonal, and not increasing. in Tyran because there was no inventory. Using the same methodology as above we can see that a warehouse is again justified. Order quantity: Sorange factory to Entworpe warehouse. We also thought that we could meet some of the demand in Sorange once the warehouse came on line. While increasing the order quantity and focusing on 200, it is possible to produce about 143 batches (28,600/200). Finally decided to go ahead and From 1 and 2 above , you are now ok to fix order qty at 200 for a truck load. 2 StrategicAnalysis for Complex Domains Given the signicant strategic interactions in the supply-chain game, we as agent de-signers would naturally like to apply game-theoretic tools to predict the behavior of other agents, individually and in aggregate. Wargame 1942. When players begin a game of Octopath Traveler 2 and start . Priority Level Decision: Build both a warehouse and factory in Sorange. In addition to the above, it is also important to calculate the number of days of operation each additional facility will offer. We are also thinking that final Ultimately we decided not to build any additional capacity. The evaluation of prices and other logistical issues of the suppliers are also put into consideration so as to enhance efficiency. Calopeia: Supply Chain Game Write-Up. Order priority: Calopeia factory to Entworpe warehouse. 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