February 22, 2013

MSc Engineering Management – Insights

Future Engineering Managers were „playing“

the winner group

The 2nd Track in the currently running Engineering Management Program started with an introduction to “Systems Engineering” given by Edmond Hajrizi followed by “Logistics” from Kurt Matyas.
One of the Highlights in Logistics was the “FALOP” simulation and the case study “PROST”. “PROST” is a very intensive one and a half day computer based case study with a strong industrial background which covers the topics production planning, production control, scheduling, material management and cost calculation.

The participants were arranged in groups and each group had a company with the same start capital and other resources. In 35 periods, 15 minutes each, their task is to get orders for products that are not homogenous, in competition with the other companies. They have to determine the amount of materials and components needed and schedule orders to fill these needs. Capacities that will be required to produce one of the products must be determined in order to find out whether the schedule is feasible or adjustments should be made by buying or selling capacity units.

The participants had the opportunity to transfer their theoretical knowledge into a "real world" firm, represented by the program. In this “real world” also machine accidents, breakdowns and maintenance needs were coming up. This business simulation enables participants to experience long-term processes in a few days only. They can apply new business tactics in safe, creative learning environment. Also as in the “real world” environment, the participants had to face their competition and ensure differentiation in the production and delivery of the products which motivated each of the groups to do their best.

At the end a very detailed evaluation was given according to criteria like capacity utilization, delivery reliability, turnovers, payments, and cash account developments.

And the winner team was group 2, with the participants Bahadur Ibrahimov and Chaminda Fernando.

“It was very exciting and we learned a lot” was the opinion of the EM students.     

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