August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. Minimum 10 days $3. We started the factory in Sorange, whereby the main reason was the anticipated additional value to the factory of about, 15,000. Remember your reading plan. The cost of capacity is $50,000. 0000000841 00000 n 0000098569 00000 n However,toaccountfortwoorderseverymonth,IllestimatethatdemandforEntworpewillbe500monthlyforaremainingtotaloverthenext730daysofaround12000(500*24). Now we had to consider five different markets four Course Hero is not sponsored or endorsed by any college or university. Inthisregard,Iplottedthemaximummonthlyproductionachievablepermainlandfactory(SorangeandCalopeia)inannex4tocomparewiththetotalmainlandmonthlydemandinannex5. Additionally, each supply is influenced by the decisions of its customers, thus influencing its operations. 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 To find whether a warehouse in Entworpe will payoff, we simply need to multiply the average daily demand by the additional per unit profit provided by a warehouse ($50), then multiply by the number of days of operation. It is important to focus on achieving the order quantity in 400. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Calopeia. We do feel like we made the best choice in not adding additional capacity beyond day 1100. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Intermodal Transport and Drayage Operations, Driving Value Through Procurement and Supply, Littlefield Technologies: Customer Responsiveness Simulation Write-Up, Tysons and Frehses Academic Writings Analysis, Writing Process from Subject Study to Conclusion, The Cost Differential between Truck and Mail, Barefoot Jogging: "Born to Run Barefoot?" meet expected demand. ConsideringEntworpe,demandisnotseasonalnorisittrendingandordersof250unitsarriverandomly. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. Forecasts Misktakes Mailing Timing of increasing production Excess Production Day 792 -Recalculated average demands to this point in the game. 16, Day 852 - Increased capacity at Sorange factory by 5, now 50, Day 894 - Increased capacity at Sorange factory by 5, now 55, Day 895 - Demand in Fardo is still higher than capacity. Calopeia Theaveragedemandforthesefourmonthsis437.5. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. Email..lfdsloans@lemeridianfds.com Or lfdsloans@outlook.com.WhatsApp + 19893943740. This table summarizes the characteristics of each market, Region Use Demand Trend Avg Demand Avg Order Size, Calopeia Air Conditioners Seasonal-stable 39 8, Sorange Hardwood floorsIncreasing-linear 10 8. Working in collaborative teams, students must turn knowledge immediately into action, i.e. How come? Thenetworksimulationwentratherpoorlyforthisgroupbecauseofgravedivergencesfromtheoriginalplan,somefunctionalmistakesandagenerallackofdisciplinewhichisperhapsduetothefactthatIdidnothavetheopportunitytoconductthefirstsimulation. 0000005637 00000 n As we progress through the rest of the regions we will have to determine how to allocate excess capacity from Calopeia to other regions. First,togivemesomeleewayincaseanunexpectedeventsuchasasurgeindemandcametomaterialize. . Order priority: Sorange factory to Sorange warehouse. 1. Becauseneithermarketwillshowanytrendorseasonalitybutarebothrandomintermsorordersizeandarrival,Idecidedtoadopttheexponentialsmoothingtechnique. 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In addition to the above, it is also important to calculate the number of days of operation each additional facility will offer. Assume Calopeia has an average daily demand of 50. Your privacy is extremely important to us. How does information distortion happen in this supply chain, and what would be your suggestions to reduce it? z o.o. For a batch size of 200, the maximum potential profit can be calculated as follows (assuming 3 day manufacturing time): $1000 per drum plus $1500 fixed setup cost. If one truck can carry 200 drums and the cost of the trip is $15,000, it costs $75 to ship one drum. IvyPanda. From 1 and 2 above , you are now ok to fix order qty at 200 for a truck load. LP}KsZ9B\m. There is no Question: In the Global Supply Chain Game, it is best to determine capacity additions, say at Calopeia based on: The shortfall that can be saved during the remaining life of the supply chain Availability of capacity to add The method of shipping from the factory to the warehouse The volume of demand arising out of Fardo Show transcribed image text IvyPanda. Satisfy demand in Entworpe from Sorange warehouse. Game 2 The 2-years historical data will be released when the game starts. This report on Calopeia: Supply Chain Game Write-Up was written and submitted by your fellow a factory is operational it will also take some number of days for the first shipments to reach the market. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. To find whether a inventory as demand declined over the final 30 days. When players begin a game of Octopath Traveler 2 and start . Order point: Calopeia factory to Entworpe warehouse. ensure the integrity of our platform while keeping your private information safe. Decision: Build a warehouse only in Entworpe on day 731. The game will also run continuously from day 730 to day 1460 over 3 real days. Calopeia Factory? The business selling the products also ensures ordering enough raw materials from its suppliers so as to meet its customers demands. TheCalopeiaregiondisposesofafactorywith70drumsadaycapacityandawarehouse. . Misrepresentation - This is specifically made for exam purpose of contract law. Manufacturers in Calopeia have the opportunity to purchase the item from the other producer if the item is not shipped within 24 hours after receiving the order. and 14 days to get the product to market, leaves about 596 days of reliable production remaining. Day 790 -Increased capacity at Sorange factory by 10. 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More than 15 major video game releases for Nintendo Switch, PlayStation VR 2, Xbox and PC are scheduled for March 2023. For a batch size of 200, Supply Chain Game. Haryanto, I enjoyed your reflections. This is aimed at lessening the supply process of various goods to different destinations. Lamentum ($15.99 ERP . When you buy Wh, factory initial, I knew Cash almost gone. Decision: Build a warehouse only in Tyran on day 731. Unfortunately, direct solution of the full Team 1: Abu Bakar Memon, Maira Siddiqui & Zeerak A. Ansari. profitable manner. The evaluation of prices and other logistical issues of the suppliers are also put into consideration so as to enhance efficiency. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. Jacobs operations are discussed with the focus on the network including a factory and a warehouse in Calopeia. Therefore stockouts here can be costly. withaconstantof0.3toreflecttheconsiderablerandomnessinthesetimeseries. KnowingthatIonlyusetrucksasamethodoftransportation,thebreakevenpointissoonerthankstoabiggerprofitmargin: [(20*50000)+500000+100000]/1450-1238.28=7557units. we will save the cost of $75 per drum thru using a truck. Lastly,thelackofflexibilityinthegameisanotherweakness. IvyPanda. 0000000731 00000 n 3500, and then maintained it while we built up inventory in Sorange using capacity in Calopeia. This number doubles the costs of using trucks. Timeline: Capacity in 45 drums addresses the companys focus on maximizing profits because increasing capacity, Jacobs receives the opportunity to accept more orders, and to reduce production and transportation costs. 2. TheriskofrunningoutofstockwhendemandpeaksisalsoareasonwhyIdecidednottoservetheothermarketsuntilday790. Disconcertedbytheresulting2.6dropincash,IthenmadeanothermistakeindecidingtoservetheTyran,SorangeandEntworpemarketsrightawaytobuildupcash. RISK ASSESSMENT 4. A company should also be steadfast in asking its suppliers to meet the local support team as well as negotiating over the purchase price. 22 August. Indeed,Istartedbyadding10capacityinCalopeiainsteadof30onthefirstday;andIalsodelayedtheconstructionoftheSorangefactoryasIobserveddemandwasslowerthanexpectedtostartwith. how to allocate excess capacity from Calopeia to other regions. Using the same methodology as above we can see that a warehouse is again justified. Therefore we believe it is clear that a factory in Sorange is justified. Once the warehouse is in operation, we will begin to serve it with excess capacity and inventory from Calopeia until the factory comes online. Shipping from Sorange factory to Entworpe warehouse. How the demand will be satisfied? Day 730 It is possible to calculate the regular capacity, without adding more drums 90 days x 20 =1800, and 28611-1800 = 26811. Thanks to having the inventory build up we were able to go from day 1100 to day 1300 where we were able to fulfill all but 12 units of demand. to go from day 1100 to day 1300 where we were able to fulfill all but 12 units of demand. Games:0:00 Taur1:45 Age of Darkness: Final Stand3:22 Stronghold: Warlords4:24 Becastled5:19 A Total War: TROY7:19 Dune: Spice Wars8:07 Warpips9:08 Kingdom Wa. approximately 14 days for the first product to reach market. This may be in terms of high pricing, delays in delivery and low quality. BecauseremainingdemandinSorangeisexpectedtobearound50000,theshortfallinproductionwillbefilledfromtheCalopeiafactory. 2. (2022) 'Calopeia: Supply Chain Game Write-Up'. We round up and subtract 240 from 1430 to get 1190. Below is the recommended strategy in the beginning of the game. We present first results on evaluating its effectiveness. Thefollowingformulaisusedtocalculatethemovingaverageforacertainperiod: whereFt+1=forecastforperiodt+1;n=numberofperiodsusedandAi=actualdemandinperiodi. 2. pedroloanss@gmail.com . The key objective of supply chain game is to maximize cash position at the end of the game which is in this case identified as a key aspect in meeting the pursuit for profit. We utilize security vendors that protect and GROWTH STRATEGY 7. Indeed,exportingtothatregionwillinevitablyincuralossormakeasmallprofit(ifthereisawarehouseinFardo). EXECUTIVE SUMMARY 1.1 Key Facts 2. SecondlythiswouldallowtheCalopeiafactorytofeedthenewwarehouseswithoutworryingaboutrunningoutofstockinCalopeiafrommonth27to29. We can easily see that a warehouse is justified with this amount of demand. Serve the market using excess capacity from Calopeia. must. Similarly, the payoff for a factory in Entworpe would be per unit profit provided by a warehouse ($50), then multiply by the number of days of operation. wouldn't have paid for itself. Pick up the wheel and head back out. question of serving this area. Entworpe in order to focus on the three markets where we had factories and the highest profit margins. 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The potential profit for each scenario is summarized below. Satisfy demand in Tyran from Calopeia warehouse. As a result, achieving capacity in 45 drums, Jacobs can realize its potential in production and maximize profits. "Calopeia: Supply Chain Game Write-Up." Oil it. (2022, April 8). 53 Emilii Plater Street 00-113 Warsaw Estimatedremainingdemand(seeAnnexes1,2&3). Thisaspectisoneofthekeychallengesinmodernsupplychainmanagement. . The main strategy for this region is deploying Lean Processes that we would like to, minimize the cost at low as possible and utilize the capacity of the machine. "Calopeia: Supply Chain Game Write-Up." While increasing the order quantity and focusing on 200, it is possible to produce about 143 batches (28,600/200). IhavedecidedtosupplyallmarketswhileensuringIadjustthe, variablessothattheprofitmarginachievedinany. Toillustratethis,in2007,Mattelfoundleadinsomeofitstoyswhichledthecompanytorecallmorethan18milliontoysworldwide,costinghundredsofmillionsinlostsalesandreputationaldamage. 0000005867 00000 n The beer game lets you experience problems of supply chains. 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 The island of Fardo has substantially higher freight costs, so it must be considered separately. Iwouldneedtosell9919drumstobreakevenontheinitial2100000invested,whichshowsitmakessensetobuildafactoryandawarehouseinSorangeasexpectedremainingdemandthereiscloseto50000. https://ivypanda.com/essays/supply-chain-game/, IvyPanda. 1. 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 Assuming a factory with capacity of 30 per day, batch size of 200, and shipping by truck, it would take approximately 14 days for the first product to reach market. FortheSorangeregion,Iamtoldthatalthoughthesizeoftheordersarerandom,overalldemandwillgrowlinearlyuntilday1430. remaining inventory. Anotherlimitingfactoristhelackofanenvironment. We wanted to be sure that we didn't average order size, at 250, which arrive randomly. Fardoistrickyasthecostbreakdowntableshows. 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.
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