...Current Events in Business Research Proper research in business is vital to its success. This paper will discuss how well the article Computer Modelling and Simulation of Bakeries' Production Planning written and researched by Walid Barakat Hussein, Florian Mitzscherling Hecker, Thomas Martin Becker published in 2009. The article summarizes the efforts of bakeries selling ten different products using the ARENA computer simulation system to streamline production and prevent “bottle-necking”. The first step of effective business research is stating a clear purpose. The article starts out with an introduction that states businesses past troubles with understanding the “sequence of activities required to complete a process-whether fulfilling an order, producing a part, or servicing a customer,” (par 1) which is what the ARENA computer system is supposed to help with. Later in the introduction: “This research work presents a methodology of modeling and simulation of production system using Arena software simulation tool, in order to deal efficiently with the production procedures and processes, and propose an appropriate system structure that will operate according to given specifications,” (par 3). The introduction stated a very clear purpose, which helps those reading the article as well as following the first step of proper business research. The research process was thoroughly detailed and the design was thoroughly planned. In the method and case study section on the article...
Words: 496 - Pages: 2
...Simulation of Sports Facilities at University of Cincinnati Campus Recreation Center By: Nikhil Shaganti MID: M07428499 MS- Business Analytics Carl.H. Lindner College of Business, University of Cincinnati Page | 1 Table of Contents Acknowledgments………………………………………………………………….3 List of Figures……………………………………………………………...............4 Objectives of the study………………………………………………......................5 About UC Campus Recreation Center…………………………………….............. 5 Scope of Simulation……………………………………………………….............. 6 Data Collection Fitting Distributions for Wait times…………………………………………8 Challenges Faced…………………………………………………………….9 Assumptions………………………………………………………………..10 Fitness Center Model…………………………………………………………….....9 Basic Model………………………………………………………………….9 Updated Model- More Realistic……………………………………………10 Swimming Pool Model……………………………………………………………13 Output Analysis…………………………………………………………………...14 Conclusion………………………………………………………………………...18 References………………………………………………………………………...19 Page | 2 Acknowledgements With sincere gratitude, I would like to express my special thank you to Professor Dr. W. David Kelton. This project would have never been completed without his direction, assistance, and encouragement. I would also like to thank my parents, for their endless support during each and every one of my life’s endeavors. Page | 3 List of Figures Figure 1. Triangular distribution observed in Input Analyzer for Fitness Center Wait times...…………………………………………...
Words: 2395 - Pages: 10
...to optimize the processing of massive volumes of containers in order to achieve economies of scale (749,000 TEUs'' 20-foot equivalent'' per year), improving the use of resources and more special equipments that are expensive. In fact, responsible for handling division have the prospect of having a solution to balancing and optimization of the supply chain through the design of equipment used (tractors) to import and export in delivery to the end customer. My final project study is in the heart of this approach. It has as an objective, the study of solutions that meet the diverse needs. To do this, I had some operational research to minimize the process of delivery of containers to customers. Then, I implemented a simulation of the problem, with Siman-Arena software, allowing the validation of the theoretical results. Finally, an application in the field was conducted. Acknowledgements My work would not have succeeded without the support and encouragement of some people I want to thank them. At the end of this work, I am glad to thank people who...
Words: 11589 - Pages: 47
...Running head: MANAGING A CRISIS USING PR SIMULATION SUMMARY Managing a Crisis Using PR Simulation Summary University of Phoenix MKT/438 – Public Relations Managing a Crisis Using PR Simulation Summary The following paragraphs present an interesting scenario of a most peculiar mishap regarding one of the turbines used by an environmentally safe electric company named Greenergy. The concepts in this summary give insight into proactive planning, feedback mechanisms, examples of ineffectual deployments, when to use proactive crisis management, and reactive crisis management as is associated with PR. Most importantly, by the end of this report a clear understanding of how to manage a crisis will have been acquired. Proactive Planning Proactive planning is a concept designated to the sole purpose of being prepared prior to an action or occurrence. The ability to cope with and endure an event is always in the company’s best interest as well as all publics involved. Proactive planning is merely the thoughts and actions taken in order to forecast and deal with crisis situations in a positive manner by way of a variety of tools available to Public Relations (University of Phoenix, 2010). Feedback Mechanism The situation Greenergy found itself in affects many publics at every level. An ideal...
Words: 839 - Pages: 4
...February 11/12, 2015 TO: Vice President of Finance CC: CEO, CFO ------------------------------------------------- Subject: Business Process Modeling Recommendations Dear President: I’m the manager of the Spartan Billing Department and I’ve been asked to improve the process efficiency and reduce the cycle time so that bills go out on time. Before I show the result, I would like to introduce the Arena to you and also talk about something called “business process model” to you. The Arena is a preeminent solution for better business decision with simulation. It’s really easy to use, and very strong tool that allows you to create and run experiments on models of your systems. After testing out the ideas in Arena, you can be more confidence for the new business decision. The business process model is graphic description of a process, showing the sequence of process tasks, which is developed for a specific. Those two thing is very important for make a simulation and improve the process efficiency. The IT business analysis group provided a completed Arena model of current billing process in Spartan Billing Department to me and based on my evaluation, I will improve the working duration in order to shorter the wait time and I will also adjust the labor cost and arrival rate in the rest of the Memo. In the case 1, the wait time of Registering AR and Financial and verifying bills are 13.30 minutes and 4.99 minutes respectively. The total cost on “Average...
Words: 1070 - Pages: 5
...How Would You Compare the Issues in This Simulation to the Domestic Legal Issues Discussed in Your Week One Readings? How Should Companies Resolve Domestic and International Issues Differently? From the chapters in week one’s readings and the scenario that was presented in the simulation, it appears that the only real difference between international and domestic issues are how they are handled. In the simulation, the employee had to come up with a decision that was beneficial for the American company as well as the foreign company. This is the same when two domestic companies decide that they are going to work together. They have to decide on a contract that benefits them both and on other issues, such as how they will resolve an issue if one should occur. Both international and domestic entities seem to prefer the arena of arbitration and mediation to actually going to court. For international issues, there is an institution known as The World International Property Organization (WIPO) that is located in Geneva, Switzerland and it, “created an arbitration center for arbitration related to intellectual property such as patents, trademarks, and copyrights” (Melvin, p. 639). One huge difference is the laws that are used in different countries when issues are taken to arbitration. African and Asian countries use what is known as civil law systems. They do not want the courts to use cases of similar background to be used as a basis for a decision in another case. The...
Words: 516 - Pages: 3
...Overview During the simulation, the establishment of Microcomp was achieved. Individual responsibilities were determined and sales offices were established. Brand design decisions were made based on the criteria provided and modified when necessary. The brands selected were Work Made Easy and On the Go. These two computer brands were created for their respective target markets, Workhorse and Traveler. Sales office locations were also based on the criteria provided in the simulation. For Microcomp’s purposes, two sales offices were selected to open in the second quarter, with a third sales office opening in the fourth quarter. Market research was purchased in each quarter and analyzed to determine the direction Microcomp’s competition. This key information led to changes in the compensation and benefits structure as well as the redesign of both computers. Also reviewed and analyzed were the factors used in determining whether to expand into the international market. This decision was mostly based on the sales potential for the target markets in the international arena. As a result, two of the three sales offices were international offices. Finally, various heavy investment factors for international expansion were analyzed. These factors included ethics, currency fluctuations and government policies. If these factors had been present in the simulation, Microcomp may have opened its first office domestically and used one quarter to establish a presence in the computer...
Words: 2299 - Pages: 10
...Curriculum Vitea I. CONTACT INFORMATION Name: Kassu Jilcha Sileyew Address: Telephone: 251-0114192427 Cell Phone: 251-0913017744/0928409799/0913356322/0922744045 Email: kassu2013@yahoo.com/ jkassu@gmail.com II. PERSONAL INFORMATION Date of Birth: 15/01/1984 or 07/05/1976 E.C Place of Birth: East-Shewa, at a special place called Yerer silase Citizenship: an Ethiopian Sex: Male Marital Status: Married III. EDUCATION Primary and Junior school: Yerer Silase primary school grade one to 6th 1983 t0 1987 E.C and OdaNebe Dukem Junior School grade 7th and 8th 1988 t0 1989 E.C with certificate award. High School: Debreziet Comprehensive High school Grade 9th to 12th from 1990 E.C to 1993 E.C and with award of certificate. University: Bahirdar University Engineering Faculty in Industrial Engineering from 1994 E.C to 1998 E.C and degree awarded BSC in 1998 E.C Graduate School: Addis Ababa University, Institute of Technology in Mechanical Engineering department specialization in Industrial engineering from September 2000 E.C to September 2002 E.C and MSC degree awarded. 3rd Degree: As of today I am a PHD candidate in Addis Ababa Institute of Technology (AAiT). Training Software’s: Application software {Ms word, Ms power point, Ms Access, Excel, Logo software, pneumatic software, Logo PLC software, pneumatic...
Words: 1688 - Pages: 7
...storylines, and consoles and ways to play said consoles. They even have motion activated gaming on a console called the Nintendo Wii. But no matter what console one is playing there will usually be a genre associated with the game being played. There are five major categories in which one should categorize his or her videogames, and some of them have sub categories. These genres include Action games, Adventure games, Roleplaying games, simulation games, and Strategy games. If one were to look at these genres that person would notice that there are many sub categories, as well as a list of games to go along with these categories so it is important to look at each genre as being more diverse instead of being specific to only one game. The first and probably the broadest category is action. An action game requires quick reflexes, accuracy and timing to overcome obstacles. There are few sub categories such as fighting games, platform games, and FPS (first person shooter) games. Fighting games are those in which two opponents face off in an arena (usually with melee based weapons) and face off till one of the players is eliminated. However some fighting games like the Super Smash Brothers series have teams that face off against each other that usually consist of 2-4 people per team. Another sub category of action games would be platform games. Platform games involve traveling from one area to another via swinging, jumping, climbing, or running all while avoiding obstacles on...
Words: 958 - Pages: 4
...Warren White Complementary metal–oxide–semiconductor (CMOS) The progress in the CMOS arena has made this technology well suited for RF and microwave operations at the high level of integration,1 and the continuous improvement of the device performance has made it a contender for low-power and eventually low-cost radio front-end. The paper introduces the RF speci¯cations of the latest nm (nanometer) CMOS node and present the evolution of the RF-FOMs2,3 with gate downscaling over the past nanometer generations. Whether we discuss the digital, analog, or RF performance of a technology, ¯gures-of-merit are used to quantify its potential. Since 45 nm CMOS is the next generation to be available in production we present here its RF performance estimated from the simulations. First, we introduce the devices considered in this work followed by a validation of the simulation results. Then we present their estimated RF speci¯cations. Finally, we illustrate the e®ect of gate downscaling on the peak RF performance of bulk planar CMOS transistors. Estimated RF speci¯cation for 45 nm CMOS are 240/290 GHz (fT/fMAX), and an extended set of speci¯cations as been established including boundary conditions and other RF-FOMs. The actual RF power and bandwidth performance of a 45 nm device can be reduced up to 25% compared to the speci¯cations because realistic bias conditions can be far o® from the one used in the de¯nition for the RF speci¯cations. Downscaling is more bene¯cial...
Words: 321 - Pages: 2
...ITM 309—Business Information Systems and Technology Michigan State University - Spring 2014 Instructor Information: Name: Dr. Frederick A. Rodammer Office: N236 North Business Complex Office Hours: Monday: 10:15-11:30 Wednesday: 10:15-11:30 By appointment Office Phone: 355-0309 Office Fax: 432-1101 E-mail: Course: Faculty Through ANGEL Direct to Dr. Rodammer: rodammer@broad.msu.edu Required Textbook: 1) ITM 309 - Business Driven Systems and Technology, 4th Edition, 2014 Copyright; MSU Custom Green Textbook - (Required) 2) Course Content in Angel. We will use everyday in class. Web page: http://angel.msu.edu Statement on Academic Integrity and Honor Code: It is assumed that all work done for credit will be the result of the individual’s or authorized group’s unaided effort. Your signature or personal submittal on any piece of submitted work will provide assurance that you have neither given nor received any unauthorized help in its preparation. Anyone who either gives or receives unauthorized assistance in the preparation of work at home or during exams in class will be subject to disciplinary action under the provisions and policies set forth by Michigan State University. The instructor will file an academic dishonesty report for each student who commits an academic integrity violation. Honor Code: A committee representing undergraduates has authored...
Words: 1977 - Pages: 8
...four specific abstract models: deterministic, probability, simulation and discipline specific modeling techniques. Additionally, the author will introduce an example problem for each type of abstract model presented. Deterministic Modeling Deterministic modeling are “precisely determined through known relationships among states and events, without any room for random variation” (Business Dictionary, 2014, para 4). In deterministic modeling, a certain given input will always generate the same output. An example would be a chemical reaction. When two hydrogen atoms attach to an oxygen atom, the known result produced is water (H2O). A deterministic model can be representated mathematically with the formula y = f (x). One can see real-life determinitic modeling in a retail scenario where y = amount paid and x = almount of the good. Physical and engineering industries are much more difficult to use detiministic modeling for risk mititagtion. For example, the amount of water (capacity) a dam can hold may seems like it could be solve through detministic modeling. Unfortunately, it is impossible to accurately calculate the physical and structural make up of the concrete used down to the atomic level (Texas Tech University, 2010). Therefore, it is impossible to accurately determine the maximinun stress livel that the dam can bear. Determinisitc modeling is even more difficult to utilize in a social sciences arena. For example, there is no way one could accurately predict...
Words: 664 - Pages: 3
...Operations Management and Improvement For JCR Drillsol Private Limited JCR DRILLSOL Table of Contents 1. Introduction 1.1) Problem Specification and Hypothesis…………………… 3 2. Article Summary ………………………………………………….. 5 3. Problem Analysis………………………………………………… 13 4. Conclusion…………………………………………………………. 18 References……………………………………………………………… 18 Introduction JCR Drillsol PVT.LTD JCR is a large scale manufacturing company who’s objective is to provide unique and unprecedented solutions in every arena of the Drilling, Mining and Construction Industry. JCR’s variety of specialized RIGs finds its application in every possible arena of the drilling industry, making them one of the most competitive services in the business. JCR Drillsol, products include highly efficient and heavy-duty RIGs for a wide range of drilling applications ranging from RC, DTH, Tractor mounted and Wagon Drills, Pumping and Testing Units to Drag Bits, Mud Pumps and Mini Truck Mounted Drills. Our technology also designs other drilling solutions such as DTH Hammers, RC Hammers, RC Drill Rods, Tricone and O-Dex Bits. Problems faced in the industry Various problems faced by the industry are: * Material Wastage and Cost Factor A major problem faced by JCR Drillsol is the wastage of materials and cost factor. The Product output per unit input of raw materials...
Words: 5521 - Pages: 23
...5.2.2 Business Simulation Game (Individual Report) The Business Simulation Game (Developing Winning Competitive Strategies) is an online, PC-based exercise where you run (in groups) an already established company in head-to-head competition against companies run by other groups from your class. Company operations are made as realistic as possible and the functioning of the marketplace in this Business Strategy Game closely mirrors the competitive functioning of the real-world business arena, thus allowing you and your co-managers to proceed rationally and logically in making strategic based decisions. As strategic managers you will need to satisfy your board members and shareholders/investors on five set performance objectives for the company. These will be explained in full detail in the Participant's Guide which you can download once you register for the game. While the objective of the game itself is to end up leading the competition, through these performance objectives, your assessment mark will be based on an individual report. This simulation game will commence from the tenth week (eleventh for cohort 2) of term. There will be: two practice sessions in the first two weeks where the simulation game will be presented in full detail; followed by five full decision making sessions over the next five weeks. At the end of the Business Simulation Game you will be required to prepare an Individual Reflective Strategic Report. This report will be borne out of your strategic...
Words: 1313 - Pages: 6
...Negotiating is a very important skill in our daily life. In week 11, our tutorial went though the negotiation by a simulation exercise. At the beginning, the role-play case information handed out to all class and we asked to read prior to participating in the negotiation exercise. This was a case about reaching an agreement between Chinese and American organization. I was assigned by Dr Paul into a Chinese team with two other Chinese teammates in this role-play simulation. After carefully read through the information, the final objective for our Chinese negotiators were to persuade the American companies’ negotiators to give us at least 51% of total control in our joint venture project. Before negotiate with the American team, our teammates exchanged own ideas and found some important aspects of our Chinese companies. Although after nearly one hour’s negotiation with American team, both of parties did not reach a mutual agreement at the end of role-play. In actually, our team was not satisfied with this result and I rethink about the process of negotiation, there were several problems noticed by me for this happened through the exercises of role-play. First, the opposite American teammates targeted at a strong target objective at 60%, we did describe a lot about our benefits to them, but the opposite team really got a consistent goal and never changed their mind. Moreover, they always emphasized their immense technology is the best in the world which was really vinegarish...
Words: 813 - Pages: 4
