Marketplace Simulations: Fundamentals Of Production Scheduling

The Fundamentals of Production Scheduling microsimulation is designed for undergraduate business and entrepreneurship courses to give students a high-level picture of the production elements.
This interactive microlearning exercise introduces students to production scheduling. Students tune the dials of production scheduling to maximize a company's bottom line. They learn about fixed capacity, operating capacity, inventory, and stock outs, and how production scheduling affects the bottom line. They discover how to use basic production parameters to ensure production meets demand, while avoiding stock outs and excess inventory. The exercise culminates with a business challenge wherein students must set the operating capacity of their production facility to minimize stock outs, ending inventory, and excess capacity. Fundamentals of Production Scheduling is part of the Marketplace microsimulations ecosystem. The quick format, bite-sized delivery, and individualized pacing increase student focus, engagement, and knowledge retention. The microsimulation can be used as self-study prior to a class session, such as in a flipped classroom model, or in class to prime a rich discussion.
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