Running head: SIMULATION Week 2: Supply and Demand Simulation Brian Richards ECO/365 December 3‚ 2012 Ashraf Zaki In the simulation of the city of Atlantis‚ it demonstrated how supply and demand can shift due to adjustments with prices. The simulation focused on two-bedroom rental properties. We received the expertise of Hal Morgan and Susan Hearst from Good Life Property Management to determine rental prices and how to balance out the supply and demand. Through
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assignment is an individual assignment. Each student is required to complete two runs of the Working Capital Simulation. The simulation site is https://cb.hbsp.harvard.edu/cbmp/access/20227364 (Cost: $12.50). Use the attached instructions to get started. Run 1: Complete the simulation on your own and with a credit limit of 3.2 M. Completion due date: Nov 17. Run 2: Complete the simulation with the help of my cash management tool and with a credit limit of 3 M. Completion due date: 11/24. Ten
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Introduction: The simulation developed a knowledge of pricing by managing a rental car operation in Florida and developing a pricing strategy keeping the competitor in mind. The simulation involved three regions Oriando‚ Tampa and Miami‚ which vary in market dynamics‚ size and customers. The focus is competition between two car rental companies and the simulation last up to 12 months. I had to set weekday and weekend price for the entire three regions for each month and make a fleet decision. Description:
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approach such as the nations’ economy or the GDP. Nevertheless‚ both micro- and macroeconomics provide fundamental tools when studying the economy. This paper will discuss the examples of the supply and demand curves as they were presented in the simulation. In addition‚ factors affecting these curves such as changes in population‚ government‚ employment‚ and trend all take part in shifting these curves causing pricing or rental rates to increase and decrease accordingly. The concepts of microeconomics
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Supply and Demand Simulation Summary University of Phoenix ECO360‚ Economics for Business I The Supply/Demand simulation involves acting as property manager for GoodLife Management in the fictional town of Atlantis. GoodLife Management manages seven apartment complexes in Atlantis. The property manager is expected to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market trends. Factors that influence the supply and demand
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The purpose of this paper is to summarize the International Trade Simulation‚ explain the basic concept of International Trade‚ emphasize the four key points from the reading assignments in the simulation‚ and apply these concepts to my workplace. Simulation Summary In the International Trade simulation‚ you are the Trade Representative of a small country called Rodamia. You are introduced to international trade--the theory of comparative advantage and the impact of tariffs‚ quotas‚ and dumping
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Supply and Demand Simulation Thomas Alejandro ECO/365 February 17‚ 2014 Mubarak Laminu Supply and Demand Simulation The supply and demand simulation is based on the management of rental apartments by GoodLife Management in the fictional town of Atlantis. Atlantis is a small city with open spaces‚ low population‚ and a low crime rate. There are plenty of sidewalks and street systems for easy access to the highway. The housing in Atlantis is detached
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Mount Kailas is almost 22‚000 feet high in elevation and 4‚300 feet counter line to summit. It is the source of some of the largest and most important rivers in Asia: The Indus River‚ the Sutlej River‚ the Brahmaputra River‚ and the Karnali River. This great is located in Tibet‚ which has been taken over control by the Chinese since 1949‚ after the Chinese civil war. They control the borders and prohibit westerners from coming in to the country because they don’t want people there taking pictures
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The Impossible Climb Made Possible: A Rhetorical Criticism Northern Arizona University CST 300W The Impossible Climb Made Possible: A Rhetorical Criticism Climbing is a challenging‚ unrelenting‚ and high-risk sport. Being a climber myself‚ I know the challenges and constant battle one has to push oneself further and further. Climbing itself has a long rich history. At the heart of the sport has long been the historic national park‚ Yosemite Valley. Yosemite Valley has seen centuries of climbing
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You are putting yourself in high risk when you are participating in extreme sports. There are several reasons for why an athlete put themselves through those risk just for a sport. In Touching the Void‚ Joe Simpson and Simon are climbing a 21‚000-foot mountain that no one has accomplished. “Looming over‚ with my stomach clenched‚ and a sharp sense of danger‚ I enjoyed the feeling” (Simpson 31). When Joe was almost at the top of the mountain he expresses his emotions that he feels being up there and
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