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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FINANCE CAPITAL BUDGETING SIMULATION WORKSHEET Part III – Debrief Name: Group Members: INSTRUCTIONS: This worksheet debriefs the simulation and summarizes your key takeaways from the project and is to be completed on an individual basis. Complete the executive summary and answer all questions in this worksheet using the foreground reading and the financial data for the firm posted on the simulation website. Each discussion response should be complete and self-supporting (one-line responses are
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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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I volunteered to be an observer for the Everest Simulation‚ and I learned a lot by observing participants interact with one another. As I walked around each group‚ I quickly realized that I wasn’t going to learn as much about the simulation by observing each group; I had to focus on one team and observe their work. As a result‚ I watched one team and learned many important management skills‚ such as leadership‚ planning and controlling‚ setting team and individual goals‚ and communication. The
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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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outline and analyse the market strategy in the simulation Game 2. Also‚ an evaluation of the previous strategic decisions as well as the SWOT of our company should be given. Based on this‚ recommendations for the next 4 years (8 periods) of the marketing strategy will be presented. 2. Executive Summary This report provides an analysis of the competitive environment of the UK supermarket sector as represented in simulation game 2. The objective of this report is to prepare a strategic marketing plan
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they were unable to overcome rigidities in their firms until it was too late. (Beer‚ M. & N. Nohria. 2000) In order to improve my learning about managing organization change‚ I did change management simulation four days ago. Then I am going to talk about the detail of my stimulation. In this simulation‚ I was the CEO of Spectrum Sunglass Company. For this company‚ the future is bright due to the growing sunglass market. However‚ from many professional articles I read‚ I learned that sustainable development
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Guidance for completion of your reflective commentary A reflective approach to your educational and culturalexperience will bring about changes in the way you perceive your academic environment. Further‚ this reflective approach can go on to produce changes in attitudes and awareness which may‚ in turn‚ benefit your personal and professional growth. While a single experience in isolation‚ such as your overseas or homeplacement‚will be insufficient to achieve such growth‚ that experience coupled
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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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