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
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
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.