Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
EBBD Simulation seems to be successful at its goal in helping people understand how the Bull-whip effect actually impacts people who are in charge of ordering products for distribution to customers. The Bull-whip effect demonstrates that fluctuations in orders build as they head upstream in a supply chain, so that small fluctuations in demand can cause huge fluctuations in supply at the top of the chain. These fluctuations, in term, can impact availability, which has an effect on demand. Therefore, rather than supply and demand creating a linear graph, fluctuations actually cause supply and demand to create a wave shaped pattern with increasing wave height that grow in relation to fluctuations in demand.
One of the interesting things about the EBBD simulation is that it focused on the problems experienced by the end-user. It provided a simulation with four potential small-craft brewers and how a local business owner would deal with supply and demand fluctuations in order to manage inventory...
For a general lesson, it was interesting, and, in a particular location, this simulation may even be valid. For example, some locations may be so associated with a particular beer that failure to carry that beer on a consistent basis may lead to a loss of business. However, because there are so many craft breweries, I think that the simulation might not give an accurate picture of how beer distribution would actually impact a small business owner. The beer is a final product and one that is replaceable. Most patrons, if informed that the selected beer is unavailable, would simply select another product. In fact, lack of regular availability may even contribute to part of a beer's popularity. For example, St. Arnold's brewery in Houston, Texas produces seasonal beers and there are lines in front of liquor stores and purchase limits for the release of certain batches of their beers. These small batches would not be impacted by the bull-whip effect in the same way as other…
Brewing companies must therefore not only fight for incremental market share with competitor's brands, but must address the issue of consumers trading down by highlighting the appeal of the premium brand vs. The budget brand. Game theory comes into play in the beer market because the mainstream beer market has been static for many years. While the import and craft beer segments have grown steadily in recent years, the mainstream
Sometimes everyone draws nine bones. Usually, in Dominican rules, if one player is blocked, he cannot play, has to pass, and does not draw from the bone yard; so those 27 bones are completely out of the game. In the variants of different cultures, sometimes the blocked player must draw one bone every time he passes, and in others must continue to draw bones until he has a play.
In that situation, I could get a much better idea of when I could expect the backlog to clear and why the supplier was unable to meet my order requirements. I could also have used that information to convey to my customer my expectations of when I would be able to fulfill their orders. Having this ability to extract information would be very helpful. "While one strategy may work
Mavericks Dallas Mavericks -- Game 6 -- June, 12th 2011 I walked into the bar with my friends Joe and Bob. The game was television on about half a dozen big screens that surrounded the seating area which looked kind of like a hall of mirrors. Bob commented, "Now that's what I'm talking about." The television setup made it hard to look in any direction and not be able to see the
Fifth Discipline: The Art and Practice of the Learning Organization The following will be a review of a book known as The Fifth Discipline: The Art and Practice of the Learning Organization by Peter M. Senge. It is a book that describes how a company can become successful by adapting learning organization practices. In the long run the book explains that one has to learn faster than the competition in order
Fifth Discipline," authored by Peter Senge, is a book that deals with the concept of cultivating "learning organization." According to Senge, "learning organization" is a continuous process of learning, where each idea is continually developed and freed, and where people continuously learn from each other. This notion can be guided in building a successful "learning organization" with Senge's five discipline: personal mastery, mental models, shared vision, team learning, and