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Lamson Corporation. (25 Points) Consider The Lamson Case and Simulation Game That

The document discusses an MBA assignment for Lamson Corporation that is due on March 3, 2007. Students are asked to write a 2-page double spaced essay addressing: 1) What strategy should be used for planning whole season production? 2) The trade-offs between overtime, stockouts, and inventory costs and how to use this information to better play the simulation game. 3) What steps can be taken to protect against uncertainty in demand. 4) Any insights or observations about production from playing the simulation game. 5) What would be done differently if repeating the exercise and why.

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52 views1 page

Lamson Corporation. (25 Points) Consider The Lamson Case and Simulation Game That

The document discusses an MBA assignment for Lamson Corporation that is due on March 3, 2007. Students are asked to write a 2-page double spaced essay addressing: 1) What strategy should be used for planning whole season production? 2) The trade-offs between overtime, stockouts, and inventory costs and how to use this information to better play the simulation game. 3) What steps can be taken to protect against uncertainty in demand. 4) Any insights or observations about production from playing the simulation game. 5) What would be done differently if repeating the exercise and why.

Uploaded by

JamesTho
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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MBA 780 Assignment ** due March 3, 2007

Lamson Corporation.[25 points] Consider the Lamson case and simulation game that
we covered in class on February 17, 2007. Discuss the following points in an essay of
approximately 2 pages, double-spaced in length

 What strategy should be used for planning production for the whole season
ahead?
 What are the trade-offs between overtime, stockouts, and inventory carrying
costs? How could you use this information to better play the game?
 In view of the uncertainty of demand, what steps may be taken to protect against
uncertainty?
 Are there any insights about production that you gained from playing the
simulation game, or any other comments or observations?
 What would you do differently if you repeated the exercise? Explain.

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