Analyze this policy class using the arena pan tool

Assignment Help Supply Chain Management

Reference no: EM133787675

Assignment: Stanford Operational Supply Chain Management Creative Analysis of a Service System, Project Management with Correlated Activities

Case I

A. Describe the scenario you propose to analyze. Clarify your creativity in this example.

B. Develop a model in Arena that reflects your scenario. There are no limits on how you choose to model the system. The model must have at least one of each of the following components (you may have more of each component):

a. Arrivals
b. Decision node or nodes
c. Process
d. Assign
e. A schedule
f. A variable
g. A Record module

C. Explain metrics used to evaluate the system. These could be the default metrics from Arena, or new metrics. You should discuss at least 4 metrics.

D. You may (but are NOT required to) develop a creative metric. This can be a combination of current metrics from Arena, or something else you measure in the simulation.

E. Run the model for the base case, with at least 100 trials. Discuss key results from the Arena analysis. Make sure to highlight the metrics you proposed earlier.

F. Suggest a recommendation for improving performance of the system. This recommendation must involve a policy class related to a key parameter or input of the model. Explain the rationale for using this policy class. The purpose of this policy class is to identify the relationship between one aspect of the model and various performance metrics you suggested earlier. (As an example, the policy class might be to change the arrival rate. The levels of the policy are the different arrival rates. This is probably a bad example, because arrival rates are not under your control.)

G. Analyze this policy class using the Arena PAN tool. The policy class must have at least 10 levels for the policy parameter. (This is called a Control in PAN.)

H. Develop a table to clearly identify the relationship between different levels of the policy class and the metrics proposed earlier.

I. Present at least 3 trade-off curves between important metrics of the model.

J. Make a recommendation to management. Provide arguments justifying the recommendation.

Case II

We will investigate how varying the correlation between these activities affects completion time of the project.?Activities A and B start immediately. The time for each activity follows a Normal distribution with mean 50 days, and standard deviation 10 days. The completion time for activities A and B is correlated, and the correlation parameter is

A. Activity C begins only after both Activities A and B are completed. The time to complete Activity C follows a Uniform distribution between 20 and 40 days. Time for Activity C is not correlated with the other activities.

B. Formally, we have:

Time-A ~ N(50 , 102)
Time-B ~ N(50 , 102)
Time-C ~ U[20 , 40]
ρo Corr(Time-A , Time-B) =

C. Develop the analysis in Crystal Ball (or @Risk or Python)

D. Evaluate completion time for the project, as a function of different levels of correlation between times of Activities A and B. Remember that correlation can be between -1 and +1. Include a printout of the completion times.

E. If the objective is shortest completion time, what's the best form of correlation between activities? Explain this result.

Reference no: EM133787675

Questions Cloud

How does understanding medical terminology enhance ability : How does understanding medical terminology enhance our ability to communicate precise information about these medical procedures to other healthcare professiona

What is the motion called and what is the benefit to surgery : A 22-year-old woman is brought to the ER. She is complaining of a headache and on examination. What is this motion called? What is the benefit to surgery?

Why can the courts promote social change : Can the Courts promote social change? Why or why not?

Calculate expected change in sales : Assess the impact of BrightLife's pricing strategy on its sales volume. Specifically, calculate expected change in sales resulting from a 10% price reduction.

Analyze this policy class using the arena pan tool : Analyze this policy class using the Arena PAN tool. The policy class must have at least 10 levels for the policy parameter. (This is called a Control in PAN.)

Should representation in congree remain equal : Should representation in congree remain equal or should it br weighted according to state's population?

What did we learn from making play dough : Reflect on the skills you learned from making playdough.? Can you classify the learning into categories/domains - what did we learn from making play dough

What is the main critique against world trade organization : What is the main critique against the World Trade Organization (WTO) with respect to environmental protection? Please offer some specific examples here.

Why is play-based learning important : Discuss the images you have found and the definitions given. Is it possible to have both concepts visible in the same image? Do you agree/disagree?

User Account

All Pages