business simulation system dynamics
Not what you're looking for?
Go to the web page below:
http://www.forio.com/cgi-bin/simcat/dclinks.cgi?
action=view_category&category=Simulation&FD_rand=7533&FD_p=1
and find the Near Beer Game, which is near the bottom of the list of simulations.
Try different strategies to bring your beer supply change into equilibrium as quickly as possible. Describe some of your strategies, your results, and what you learned from this simulation. (This simulation is an example of system dynamics.)
Purchase this Solution
Solution Summary
This solution is comprised of a simulation designed to bring supply and demand into equilibrium.
Solution Preview
I've tested out the simulation. Here are my comments:
<br>
<br>After going through the simulation the first time, I became acutely aware that the lesson to be learned from the game is the merit of strategic planning. You have to assess the supply chain at every week and anticipate/plan where there might be shortages or overages in inventory. I was able to achieve equilibrium at week 25, however, by week 50 I was out of equilibrium.
<br>
<br>On my second try:
<br>I was able to achieve equilibrium in week 13 by ordering 20 cases each week until week 13. Week 13 ...
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Introduction to Finance
This quiz test introductory finance topics.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.