PITTSBURGH, June 10, 2021 /PRNewswire/ -- Simio is delighted
to announce that the winners for the May
2021 Student Simulation Competition have emerged. The Simio
Student Simulation Competition is the largest event dedicated to
undergraduate and graduate students across the globe taking courses
in simulation modeling and scheduling. The bi-annual event usually
witnesses hundreds of teams competing to win exciting prizes and
the May event was no different.
The May 2021 global event featured
339 teams consisting of 1,343 students across 44 schools showcasing
their abilities with applying simulation modeling and scheduling
software to solve real-world problems. The problem to be solved for
the competition was centered on a new buffering and inventory
paradigm, Demand Driven Materials Requirement Planning (DDMRP). The
winning strategy must optimize labor utilization and minimize the
chances of missing customer delivery goals.
"Since the inception of the Simio Student Competition in
December of 2014, we have had nearly 15,000 students compete in the
competition," states Eric Howard,
Vice President of Marketing at Simio. "This competition continues
to grow and be a way to enhance the students' Simio skills and to
showcase their work to potential employers."
At the end of a fiercely contested competition, only one could
emerge. Simio is delighted to announce The Nittany Lion Group as
the winner of the May 2021 Simio
Student Simulation Competition. The winning team consists of
two graduate students, Justin Rist
and Robert Newton supervised by
Professor Jon Song from Penn State University.
The winning team utilized Simio Software to develop a model of a
shelving manufacturer and wholesaler that was experiencing low
order fill rates that affected the bottom line. The team was able
to provide an accurate Demand Driven Material Requirements Planning
(DDMRP) system configuration that could improve inventory
management cost, the quality and number of throughput, and
optimized production time.
The runner-up was the Panteras Phoenix team from Universidad Panamericana, in third place was the
Double NT Co. team from Chulalongkorn
University, and the Information Station team from the
University of Coimbra completed the top four. Honorable mentions
went to the Chicas Superpoderosas team for their amazing use of
animations and the Fabulous Four for the creativity put into their
presentation.
Elizabeth Millar, Applications
Engineer at Simio, stated that "For the May
2021 Simio Simulation Student Competition, we saw many
remarkable submissions from teams around the world. All the
participants rose the challenge, creating unique solutions to the
problem at hand. The panels of judges were impressed by the
attention to detail and analytical problem-solving skills that
teams put forth, which made choosing the finalists a challenge."
See the full
results: https://www.simio.com/academics/student-competition/May2021/.
About Simio Student Simulation Competition:
Simio's dedication to introducing students to the world of
Simulation Modeling and Scheduling has led to the use of Simio
Software in approximately 800 educational institutions across the
world. The Simio Student Simulation Competition is the largest
event of its kind and it evaluates undergraduate and graduate
students' ability to apply simulation modeling and scheduling to
solve industrial problems.
Media Contact:
Eric Howard
+1-412-265-5295
ehoward@simio.com
About Simio LLC: OTC Markets Group Inc., +1
(212) 896-4428, media@otcmarkets.com LLC is an enterprise
software business delivering disruptive solutions uniquely
positioned to improve the design and operation of our customers'
businesses. Simio software is based on groundbreaking
Simulation technology and is trusted by decision-makers in the
world's largest companies. We are an agile, fast-growing business
solving the challenges of the fourth industrial revolution. For
more information about Simio LLC and
the Simio Forward-Looking Digital Twin,
visit www.simio.com.
Related Images
simio-academic.png
Simio Academic
View original content to download
multimedia:http://www.prnewswire.com/news-releases/winners-announced-for-the-may-2021-simio-student-simulation-competition-301310524.html
SOURCE Simio LLC