Cee 201 Final Project
CEE 201
Construction Game Project
December 6, 2012
Introduction What a better way to end the year in CEE 201 with a construction project that deals with bidding. Our studies throughout the year have been focused upon engineering economics transitioning into linear programming models in order for engineers to make educated decisions in real life situations. In order to supplement this thought process, the construction game was created that deals with placing bids, ordering labor, and hiring workers to make a year’s end profit. This game is structured around placing bids against other teams within the class for three rounds over three years. If the bid is won for your team, your company completes the project and the profit is later computed. As with every reasonable game, there are rules to be followed. Each team has secured a capital of ten million dollars total for the three fiscal years. Before bids are placed, your company must purchase all the concrete and labor that will be required throughout the year. Unused money will increase by four percent each year in the stock market while additional funds beyond the ten million venture of capital funding will be secured via a loan with a ten percent annual interest rate. With purchasing concrete and construction workers, there are constraints to find certain values. Each construction worker will work up to two thousand hours per year and receive an annual salary of fifty thousand dollars. Unions demand that hired workers are paid whether they are actually put to work or not and the unions have agreed that workers may divide their hours of labor between multiple projects. Each cubic yard of concrete costs one hundred dollars and includes cost of purchase and transportation. Unused labor does not carry over into the following year, but concrete does. Unused concrete can be salvaged for ten dollars per cubic yard at the end of year three. Unused labor will be sold to a temporary agency for fifteen dollars an
Construction Game Project
December 6, 2012
Introduction What a better way to end the year in CEE 201 with a construction project that deals with bidding. Our studies throughout the year have been focused upon engineering economics transitioning into linear programming models in order for engineers to make educated decisions in real life situations. In order to supplement this thought process, the construction game was created that deals with placing bids, ordering labor, and hiring workers to make a year’s end profit. This game is structured around placing bids against other teams within the class for three rounds over three years. If the bid is won for your team, your company completes the project and the profit is later computed. As with every reasonable game, there are rules to be followed. Each team has secured a capital of ten million dollars total for the three fiscal years. Before bids are placed, your company must purchase all the concrete and labor that will be required throughout the year. Unused money will increase by four percent each year in the stock market while additional funds beyond the ten million venture of capital funding will be secured via a loan with a ten percent annual interest rate. With purchasing concrete and construction workers, there are constraints to find certain values. Each construction worker will work up to two thousand hours per year and receive an annual salary of fifty thousand dollars. Unions demand that hired workers are paid whether they are actually put to work or not and the unions have agreed that workers may divide their hours of labor between multiple projects. Each cubic yard of concrete costs one hundred dollars and includes cost of purchase and transportation. Unused labor does not carry over into the following year, but concrete does. Unused concrete can be salvaged for ten dollars per cubic yard at the end of year three. Unused labor will be sold to a temporary agency for fifteen dollars an