About this document
Littlefield Simulation Strategy Insights by Harrison Ng is a document available to read on EtoBox.
1) The team implemented a strategy to increase factory capacity early on to manage demand and transition to higher paying contracts. They purchased all machines by day 129. 2) They then focused on reducing inventory costs by purchasing in larger quantities. They determined taking out a loan to purchase inventory would not be cost effective. 3) For the final stage, they made a large "Newsvendor-style" inventory purchase on day 216 that would meet all remaining demand through the end of the simulation, fini
- Author
- Harrison Ng
- Language
- EN