Simulation

 

Assignment Your team has been hired to manage the supply chain for the Jacobs Industries. You can make the following changes to the supply chain: New factories and warehouses in regions outside Calopeia. Capacity additions to existing factories. For each factory the finished goods inventory level at each warehouse that would trigger production of a new batch for that warehouse. For each factory, the size of batch produced for each warehouse. Whether batches are transported from each factory to each warehouse by mail or by truck. Your objective is to maximize the cash generated by the foam technology over the remaining two years of its lifetime. On day 1460 the game will end and all inventory and capacity will be obsolete. The simulation will run continually at the rate of 104 simulated days per real day, or 1 simulated day about every 14 minutes. You will have control of the game from day 730 to day 1460, or 730 days total. The game will conclude 7 days and about half an hour after it started. During that time you can access your supply chain any time of the day or night. The winning team is the one with the highest cash position on day 1460. After the game is over, your team should turn in a 4-page memo describing the actions you took and in retrospect, whether there were other choices that would have allowed your team to do even better. You will graded on the use of conceptual tools from class that you use to justify your conclusions.

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