A business education model in which players may simulate the running of a company with the amounts and types of assets, liabilities and future commitments, contingent liabilities, of a company or other business enterprise being shown through the number, color and positions of symbols and markers on a board. The board is marked out with areas representing business premises or factory plant, areas for stocking bought raw material, tokens to represent values of raw material and goods for sale, cash and debts, these different tokens being preferably of a similar size but of different colors so that it can readily be appreciated what they represent, with their value being apparent by their total. The board also includes areas for illustrating the expense of the equipment and manning of plant, for processing cash and loans, for showing the costs of building up a marketing force and for containing tokens showing overhead expenditures incurred in the running of the model business.
A computer implemented method and system for simulating strategic planning and operations uses an operations control language (OCL) which has the characteristics of: (a) a target expression, (b) a condition expression, (c) an integer hierarchical priority level, (d) at least one penalty expression, and (e) a value expression. The OCL is a high level programming language for describing operating policies for simulation models, such as those used in water resources management. The OCL of the invention is written into a simple text file. The OCL has syntax, keywords and Boolean and arithmetic operators.
A variable margin pricing system and method that generates retail prices based on customer price sensitivity. Products are grouped into pools from a first pool for most price sensitive products to a last pool for least price sensitive products. A logical relationship between margins and the customer price sensitivity is determined for the products. Based on this logical relationship and each product's pool assignment, the system and method calculate each product's margin and corresponding retail price. The method is also used to generate retail price labels having retail prices based on customer price sensitivity for the products to which the labels are to be affixed or located proximate.
A computer implemented method and system for simulating strategic planning and operations uses an operations control language (OCL) which has the characteristics of: (a) a target expression, (b) a condition expression, (c) an integer hierarchical priority level, (d) at least one penalty expression, and (e) a value expression. The OCL is a high level programming language for describing operating policies for simulation models, such as those used in water resources management. The OCL of the invention is written into a simple text file. The OCL has syntax, keywords and Boolean and arithmetic operators.
A management training simulation system and method are disclosed. A method in accordance with one aspect of the invention is implemented on a computer and develops the decision-making skills of a user in a defined, simulated situation which includes one or more firms controlled by participants in the simulation which cause particular object designs to be injected into the simulation. Each object design is defined through an attribute-characteristic representation. A multipeaked value function is used to process the designs throughout the simulation instead of a distance-value function as in conventional simulations. The participant is selectively provided with information about at least some of the objects in the simulation, preferably at a cost, as well as a valuation of those objects and is also apprized of the current state of his or her firm. The participant digests this information and creates revised object designs which are sent to the simulation and processed using the multipeaked value function. Information concerning the objects in the simulation from all firms is updated in view of the newly submitted object designs, and these steps are repeated until the simulation ends. A network preferably interconnects plural simulation participants to a central computer which runs the simulation.
A management training simulation system and method are disclosed. A method in accordance with one aspect of the invention is implemented on a computer and represents changes in design opportunities for objects in a simulated environment. The design opportunities can represent, for example, new or changed features in a product made by a particular firm. The objects are defined through an attribute-characteristic representation. A multipeaked value function is used to process designs throughout the simulation instead of a distance-value function as in conventional simulations. At some time during the simulation, the domain of one or more attributes, the number of attributes, or both are changed to thereby alter the set of valid designs for the objects in the simulation. Such changes can simulate technological advances including incremental and radical innovations, government regulation, shortages in raw materials, union strikes, and the like. Participants in the simulation acquire limited information concerning the marketplace to guide their going-forward decisions, preferably at a cost. In a further aspect of the invention, the participants actions are monitored and the performance of each participant is gauged against predetermined criteria. A network preferably interconnects plural simulation participants to a central computer which runs the simulation.
