IEOM Society Student Chapter
Global Simulation Competition
April 13, 2023
Characterization of a Process / System for Optimization
Submission Link – https://forms.gle/2WnUJ4eUv2GddfTi9
What is all about?
The simulation study must illustrate Operational Excellence concepts that review current process/system performance and develop strategies with action plans for improvement. The study will allow the participant students to gain awareness, and knowledge and critically demonstrate the application of the Operational Excellence strategy to optimize complex processes. Participating student teams will:
- Develop an understanding of utilizing a structured methodology to optimize complex integrated processes
- Gain insight into driving critical decision points in optimization based on data instead of opinion(s) or emotion(s)
- Compare and contrast different solutions and develop suggestions on improvement action(s) with the maximum payoff.
Your team is requested to focus on a specific industry of your choice that has significant gaps in the delivery of expected results. The process/system optimization objective is to ideal state (low cost and large profit). Industries can be but are not limited to
Your team has been tasked to optimize a complex process/system to ensure the most efficient and cost-effective system. Applying the Operational Excellence toolsets the team must provide specific improvement actions to increase system optimization. Depending on the selected concern, different tools will be employed throughout the assessment to narrow Key Process Input Variables (KPIVs) that are driving unacceptable output(s).
The report must also incorporate the following minimum requirements:
- Value Stream Map of Process
- Characterization of the system for each element from a real-life scenario. Reliable data from the actual system is required.
- Quantification of Performance Improvement of Recommendations (minimum of 3 proposed improvements
- Cost Benefits Assessment Recommendation
- Use any commercial simulation software i.e. Arena, ProModel, Witness, FlexSim, Simul8, ExtendSim, PlantSim, Simio, etc.
The evaluation of the concern utilizing Operational Excellence must include only the tools necessary to resolve the concern. The focus should concentrate on a clear and minimalistic path to resolving the concern. Your team is free to follow any research, data collection, and or analysis methodology that you/your team consider the most appropriate to address the required task.
Phase 1 – Register Online – CLICK HERE
Each team of the IEOM Simulation Competition will submit a report of no more than 5,000 words submitted to firstname.lastname@example.org. The deadline for the submission of the report is March 31, 2023. No submissions will be accepted beyond that date. Your team is free to format and structure the report in any form your team considered most appropriate. The only consideration that must be taken is to make sure that the simulation study is addressed thoroughly and communicated through the report. Other requirements of Phase 1 include:
- Submissions could be as a team of 3-5 IEOM Society Student Chapter members maximum.
- All participants should be current undergraduate, postgraduate, or recent graduate students.
- The case study must be solved completely by the team members.
- Submission must be within the deadlines and no late submissions will be accepted.
Due to the high number of participants, no feedback will be provided to individuals or teams that have not been selected to participate in Phase 2.
- Good and effective report presentation
- Clearly and effectively structured and communicated report
- Demonstration of a clear understanding of supply chain and logistics challenges within the context of humanitarian missions
- Clear demonstration of the application of Operational Excellence theory, concepts, methods, and/or tools to solve complex processes
- Clear demonstration of the use of effective analytical and technical skills to optimize processes
- Clear demonstration of knowledge and skills to formulate and develop an implementation plan for the successful incorporation of process optimization
The top ten teams will be selected for the final round based on their submitted report. Each team will deliver a zoom presentation on April 13, 2023. The top four winning teams will receive the following prizes.
- 1st Place $1000
- 2nd Place $750
- 3rd Place $500
- 4th Place $250
The Global Simulation Competition will require external research from various reliable sources. All references and research sources should be included in your submission. Including source material will provide documentation of your case study on Operational Excellence.
- Team members must be part of the IEOM Student Chapters. If you do not have a chapter, please contact email@example.com to create one.
- No more than 5 students will be allowed per team for the competition.
- The 5000-word report should be sent to firstname.lastname@example.org via email with the correct names of the students participating and the Faculty Advisor of the IEOM Student Chapter.
- Correct Email addresses of the students are to be provided.
- Each team member will receive a participation certificate.
- Registration – Open Now (Interested team can register online – CLICK HERE )
- First Round Report Submission – March 31, 2023
- First Round Winners Announced – April 6, 2023
- Final Presentation via zoom – April 13, 2023
Dr. Saso Krstovski, MBB
Lean Manufacturing Coach /Six Sigma Master Black Belt
Van Dyke Transmission Plant
Ford Motor Company
Detroit, Michigan, USA