Operations Management has been the course on everyone’s mind this quarter. That’s not surprising when you consider we just finished our third week and we are already working on our third major assignment. The assignments require a great deal of focus, attention to detail and problem solving.
This weekend, our assignment is to manage the operations of Littlefield Technologies, a company that manufactures digital satellite system receivers. The simulation runs for 100 hours over the weekend and the goal is to have the highest cash balance compared to both our peers and a computer benchmark that makes no decisions throughout the simulation. Some of the decisions we need to make along the way are purchasing and selling the machines operating at each station, increasing the size of the lot that flows through the factory, and the terms of the contract that dictates how much revenue we earn based on how soon the customers receive their orders.
Needless to say, it’s going to be an interesting weekend, especially considering the simulation is running constantly, even during the night. For the sake of our sleep schedules, I think most of us are looking forward to 9:00 pm on Tuesday night when it is all over.
76 hours to go…