Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Game number: 1 2 3 4 Objective is to learn how to manage: Capacity Lot size Variability Everything Changes you can make in the game:
Game number:
Objective is to learn how to manage: Capacity Lot size Variability Everything
Changes you can make in the game:
Buy and sell machines? Yes Yes Yes Yes
Change priority at station Yes Yes Yes Yes
Change lot size? No Yes Yes Yes
Change pricing contract? No No No Yes
Limit WIP? No No No Yes
Change reorder point and quantity? No No No Yes
Take out loan? If yes, day available No No No
Starting Conditions
Number of machines
At station
At station
At station
Machine cost at station $
Machine cost at station $
Machine cost at station $
Priority at station FIFO FIFO FIFO FIFO
Kitsjob starting lot size lot job
Setup time at station hourslot
Setup time at station hourslot
Setup time at station hourslot
Number of pricing contracts
Contract : max. revenue per order, $
Contract : quotedmax lead time, days
Contract : max. revenue per order, $
Contract : quotedmax lead time, days
Contract : max. revenue per order, $
Contract : quotedmax lead time, days
WIP limit
Reorder point, kits
Reorder quantity, kits
Lead time for raw materials order, days
Cost of raw materials per kit, $
Fixed order cost, $
Holding Cost, yrexcluding interest
Interest rate gained on cash, yr
Debt initial cost of debt incurred
Debt interest rate, yr
Demand if trend, see note below
Is there a trend in the Demand? Yes Yes No Yes
See note below or on next page
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started