Introduction to Capstone
Paper details:
Introduction to Capstone
As part of the final weeks of the programme, you will complete a Capstone project, solving a real-world business problem related to the Covid-19 pandemic, using the knowledge and techniques you have acquired throughout the programme. You are being provided with the problem statement and some data to work with; you will have to come up with your own questions and the scope for the project.
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Project data sets
A mechanical ventilator is a machine that can be used to support patients with severe respiratory conditions that impact the lungs, including pneumonia (which is a significant risk factor for COVID-19 patients). Before a patient is placed on a ventilator, medical staff will perform a procedure called intubation. After the patient is sedated and given a muscle relaxant, a tube is placed through the mouth and into the windpipe.
A lack of ventilators can endanger lives, so health authorities around the world are doing their utmost to procure more for medical facilities treating COVID-19 patients.
You work with a major car manufacturer, and the government has asked you for help in creating more ventilators in order to cope with the ventilator shortages in the hospitals in your country. Even though this is for public good, you also want to make sure that you are not putting your organisation at a financial risk in the process of developing these ventilators. As the head of finance, you have been asked to investigate ventilator options, the cost of producing them and the resources required to do so.
After some research, you found that there are many ventilator options available to attend to a variety of patient needs. Examples include:
• Home care ventilators
• Transport ventilators
• Low, medium and high-acuity ventilators
• High-frequency ventilators
Non-invasive positive pressure ventilation/continuous positive airway pressure (NPPV/CPAP), biLevel positive airway pressure (BIPAP) systems
Different ventilators also have different gas delivery designs, including turbine-based air supply and proportional solenoid (PSOL) valve control or a combination of the two systems.
Costs for these ventilators can range from $5,000 to $50,000, but new developments indicate that comparable ventilators can be made using just $100 worth of parts. You discover a team from MIT that is doing exactly that, and they have published a paper with the specifications and descriiptions of these ventilators.
You decide that if you want to manufacture these cheaper ventilators, you would do so by following a similar process. After some research, you realise that there are two production options for these cheaper ventilators. For simplicity, we will refer to these ventilator types as Type X and Type Y.
With the machinery you have right now, you see that you can create 200 Type X ventilators per hour and 140 Type Y ventilators per hour. After some calculations, you note that the profit per Type X ventilator is $25 and the profit per Type Y ventilator is$30. You have also discovered that in a week you can create a maximum of 6000 Type X ventilators and 4000 Type Y ventilators because of the person-hours and capacity of specialists available to you.
Note that you have only 40 hours per week to produce them.
Project deliverables
Here is the breakdown of the slides and the information that must be included in each of them in your final submission. Please note that all of the following content must be included for this Capstone project to be graded as complete.
Developing your problem statement
In this project, you must apply the techniques of machine learning and linear programming to determine the following:
• Is it feasible to produce any type of ventilator and sell them?
• Which type of ventilator can give more profit to the company? This will help you
decide if you want to produce them.
• Is it better to produce only one type of ventilator or both? If you decide to
produce both, in what proportion should each be produced?
Finally, you will have to calculate the final profit of the production of ventilators. You should include in your analysis what would happen if your product presents any defects, how to compete in a market that is new for you and what you would do if you overproduce ventilatorsor they undersell. If necessary, you should be willing to challenge the validity of the number of ventilators to produce given in the descriiption above.
For the sake of framing a problem, think about other variables and situational considerations that can impact your organisational initiatives. For example, are there competitors to consider in the marketplace? How will regulation structures affect the timelines related to prototyping, approval, production and distribution? In considering some of these questions, you might need to conduct some additional research to identify the data that can inform your approach.
Please use this link for more details https://emergency-vent.mit.edu/wp-content/uploads/2020/03/DMD-2010-MIT-E-Vent.pdf