| Product Overview |
| Features |
| Teaching Economics |
| Class Material |
| Demo |
| Tutorials |
| Purchase Decision Makers |
| Open Domain Request |
| About Us |
| Contact Us |
| Personal Challenge |
The Decision Makers set of models includes management of raw materials , production management,budgeting of core capital , transportation optimization,selection of marketing channels and final product pricing. Sales include domestic and international with multi currency sales. The simulation includes models of the firm's share value that reflects investor's estimation for firm share value. Management performance is reported by a set of financial and managerial reports which are based on accounting standards.
As a web based Internet simulation, no installation of software is needed.A standard web browser that supports Java virtual machine is sufficient for running the simulation. The simulation is available 24/7. Actual time lines are adjustable by the simulation moderator (teacher).
The teacher's account (password protected) has full control over the simulation game. This includes setting the start and end time of each quarter, setting the main economic parameters such as interest rate(s), demand, customer's preferences, technology characteristics and exchange rate(s). The teacher may also monitor the progress of each player using a simple graphic user interface.
Business information and each firm's results are distributed to users with a set of graphs and reports. The graphs include market share, prices distribution, production cost, human resources, salaries and products quality. Reports include P&L, balance sheet, financial indicators and detailed managerial reports.
In order to improve players decisions, the Decision Makers Simulator is equipped with an advisor. The advisor provides on-line help with the player's decisions. The advisor continuously working in the background when the simulator is on, analyzing the results of the user's decisions and adding to a list of advisories for the user.
Advisories are classified into the following categories: Information, Warning, Problem and Critical.
More than 70 predefined advisories can be displayed after each simulation. The teacher may monitor the progress of each player by examining the player's reaction to the advisories.
A set of on-line audio tutorials enables a new player to reduce their learning curve in the Decision Makers' Simulation.
The currency of the Green State is the Zuz (represented by zz). In any case, when trading between the Green State and other Countries is taking place, the exchange rate between the Zuz and other currencies is used.
Changes in the exchange rate about 5% to 10% between quarters. However, firms may avoid these fluctuations by selecting exchange rate insurance.
In addition to price preferences, customers in the Green State also have quality preferences. These quality preferences are related to the four characteristics of the products (shelf life, environmental affects, specific gravity, efficiency). Based upon these characteristics and their preferences, customers rank the firm's products in a Quality Index Measurement (QIM). The higher the QIM, the higher the price customers will bewilling to pay for the firm's products.
The firms in the Green State may also develop export activities. Export may be to three target markets, The Far East, Europe or USA. Unlike the situation in the local market, where the firm's do affect the local price, in the global markets, the price of products is given to the Green State firms. This published price may be changed from time to time.
Demand in the Green State is influenced by seasonality.The base seasonality is index is 1.0. The weaker quarter is the second one and its values is indexed as 0.85. Quarter three is considered average while the fourth quarter contains the peak demand. Seasonality may be regulated by domain manager.
