Simio invites you to participate in our biannual simulation contest. This is open to both graduate and undergraduate student teams. In addition to the fame and glory ("bragging rights" and exposing your work to potential employers) there will be cash prizes totaling $3000, twice a year.
Here is a brief summary of the May 2017 problem (January through May 2017) that is a realistic supply chain logistic problem:
An American group of pulp and paper manufacturers is increasingly aware of inefficiencies in obtaining wood as a raw material. Because they operate independently, very often logging trucks drive past one mill to deliver to a competitor mill, adding potentially avoidable transportation cost into the system. They are aware of a European consortium that controls wood deliveries to minimize logistics cost.
They want to evaluate the creation of a new consortium to manage wood deliveries to their mills. The objective would be to minimize logistics cost. There are 3 mills in an area, each consuming 4-6k tons of wood per day, running continuously. Each mill involved has independent demand and maximum inventory, and some have offsite "drop yards" for additional inventory. Wood is cut from in the region by small owner-operator logging companies. Each independent logging operation has its own cutting and delivery capacity that varies seasonally.
The consortium would like a representation of the present system as well as the proposed system so they can evaluate the potential required investment, best operational parameters, and expected savings.
This problem will not only challenge student model-building skills, but also require some creativity, project management, and even video production and presentation skills. We believe that students will find participation to be both interesting and valuable.
Unfortunately, registration is now closed. If you want to be notified of the next competition, visit here!
Judging will be done by an independent panel of judges drawn internationally from both academic and commercial simulation practitioners. Judging is based on a 10-item scoring system where each item is worth between 0.0 and 3.0 points. For more detail see the Contest Judging Criteria.
The top 17 teams out of 220
Contest Overview, Summary of Problem, Judging Criteria and Judges