Business simulation Business Management Arizona Board of Regents.docx
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Analyzing Video Game Sales
This document summarizes a report analyzing factors that influence the worldwide sales of video games. The author built a hierarchical linear regression model to predict global video game sales based on platform, genre, critic and user ratings, and other variables. The model included random intercepts for publisher. The most significant predictors were found to be platform manufacturer, genre, critic and user review counts, and critic ratings. The model explained around half of the variance in global sales.
Glo Bus Presentation
This document provides an overview and introduction to the GLO-BUS online business simulation. In GLO-BUS, students will manage a digital camera company, making decisions across various business functions in competition with other student-managed companies. The simulation aims to create a realistic global competitive environment to test different strategic approaches. Performance will be evaluated based on financial and shareholder-focused metrics like EPS, ROE, credit rating, stock price, and brand image.
DECISION SUPPORT SYSTEMS
The document discusses using decision support systems to help Nintendo analyze pricing for a new product. It presents an introduction to Nintendo's situation, outlines the problem, and describes DSS techniques like the solver and decision trees that could be applied. A decision tree is created to determine customer satisfaction based on user type. The solver is then implemented with constraints and variables to maximize profit based on two data sets. It concludes the DSS tools could help Nintendo regain their leading market position if the new product is priced appropriately based on manufacturing costs.
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Includes numerous slides identifying DIY game creation resources, templates, tools for creating learning games.
11 IntroductionYou have just been transported to a par.docx
1
1 Introduction
You have just been transported to a parallel simulation where
everything is familiar, but things are a little different. Why were you
transported? You are going to have an opportunity to run a company
of your own and demonstrate your business knowledge!
1.1 What’s Different?
In your previous simulation, you might have worked as part of a
group, bouncing ideas among your teammates. In Comp-XM Basix,
you are the sole decision maker.
At the start of the simulation, all companies are not equal. You are
running the Andrews Company, and it is behind the competition, so
you have your work cut out for you.
In Comp-XM Basix, you will not have access to an Excel® spreadsheet.
All decisions will be entered on a web-based spreadsheet available
from the Open Simulation button on the Exam Dashboard
(see Figure 4.2).
At the start of Comp-XM Basix, the segments are in the middle of the
Perceptual Map.
1.2 What’s the Same?
The segment names and products should be familiar. Although they
are in the middle of the map, the segments will continue to drift to the
lower right, just as they did before.
All decision areas are identical to your previous simulation, as are
the reports.
1.3 Workfl ow
Comp-XM Basix has four decision rounds. Each round, you will enter
a set of decisions via the web spreadsheet.
You might also be asked to complete a Mini Quiz. You can take the
Mini Quiz any time during the simulation (Table 1.1).
Table 1.1 Standard Comp-XM Basix Schedule
Simulation Mini Quiz
Round 1 Decisions
Can be completed
any time prior to
the deadline.
Round 2 Decisions
Round 3 Decisions
Round 4 Decisions
Your instructor can confi gure Comp-XM Basix without a
Mini Quiz.
2 Scoring
Scoring occurs in two parts, the results of your Mini Quiz, and the
results of your simulation, which are assessed via a Balanced
Scorecard.
2.1 Balanced Scorecard
Comp-XM Basix uses a Balanced Scorecard for simulation scoring. A
Balanced Scorecard is a common analysis technique that allows
companies to gauge their current performance and formulate future
goals. Balanced Scorecards are divided into four areas:
• Financial
• Internal Business Process
• Customer
• Learning and Growth
Each Comp-XM Basix Scorecard is built from criteria which are
assigned a weight– a level of importance. Criteria, weights and results
for each round, along with criteria, weights and results for a fi nal
Copyright © 2011 Capsim Management Simulations, Inc. All rights reserved.
Mini Quiz
2
If they were scheduled in your previous simulation, your Comp-XM
Basix simulation will utilize the Human Resources and TQM (Total
Quality Management)/Sustainability modules. Decisions made in
these modules can have wide ranging effects, including infl uencing
product demand, R&D cycle times, productivity, material costs, labor
costs and administrative costs.
TQM and Human Resource drive the Learning and Growth section of
the Balanced ...
COMP 2160 Programming Practices Assignment 2 Page 1 of.docx
COMP 2160 Programming Practices
Assignment 2
Page 1 of 2
Due Date: February 24th at 11:59pm
NOTES
Please read and follow instructions carefully; not doing so will result in a loss of marks.
You must complete Honesty Declaration form digitally in UMLearn.
Your code must follow the programming standards (available in UMLearn).
You can write your code on any machines; remember to verify your code on one of the lab machines.
You must include a README file which describes how to compile and run your solution. You can
also explain your concerns or personal opinions regarding this assignment.
Use submission tool (handin) in CS Unix system as described in Assignment Submission
Guidelines (available in UMLearn).
REVERSI (OTHELLO) [20]
Download reversi_skeleton.c and rename it to reversi.c. Then, implement the incomplete
functions: checkstate(), canPlayAt(), and numReverseDirection(). Your implementation
must follow the design by contract principle. In addition, make your solution fail gracefully in production
(i.e., when assertion is disabled).
The code is to read a Reversi game board from standard input, compute the best move for a player, and print
the result to standard output. In our case, the best move refers to a move which allows the player to capture
the most opponent’s pieces. If you want to learn more about the game, you can read the Wikipedia entry
(https://en.wikipedia.org/wiki/Reversi); I have listed the game rules that you need for this assignment.
there are two players, black and white
each player can only play at the place where they capture the opponent’s piece(s)
when a piece placed, we check if there are opponent’s pieces wrapped by the player’s
o we check 8-direction (4 straights, up, down, left, right; and 4 diagonals, left-up, left-down,
right-up, right-down) by moving along on this direction
o if we found the player’s piece along the way, the opponent’s pieces in between are captured
and becomes the player’s
we get the number of captures for a specific position by adding every direction’s captures
Implementation Requirements
All following conditions must be met by your solution
boolean checkstate( const GameBoard * board )
This function should check if the given board is valid. Our valid state means
nColumns is (0, MAX_BOARD_COLUMNS), i.e., 0 < nColumns < MAX
nRows is (0, MAX_BOARD_ROWS), i.e., 0 < nRows < MAX
player is either BLACK or WHITE
boolean canPlayAt( const GameBoard * board, int row, int col )
This function should check if the opponent’s piece is around given position (i.e., check 8-direction). For
example, if current player is BLACK, you need to find out if WHITE’s piece appears as a neighbour.
COMP 2160 Programming Practices
Assignment 2
Page 2 of 2
*EDITED You also need to check if the cell (row, col) is empty; otherwise, it is unplayable cell.
int numReverseDirection( const GameBoard * board, int row, int col, int dirRow, i.
Week 2 iLab TCO 2 — Given a simple problem, design a solutio.docx
Week 2 iLab
TCO 2 — Given a simple problem, design a solution algorithm that uses arithmetic expressions and built-in functions.
Scenario
Your goal is to solve the following simple programming exercise. You have been contracted by a local antique store to design an algorithm determining the total purchases and sales tax. According to the store owner, the user will need to see the subtotal, the sales tax amount, and the total purchase amount. A customer is purchasing four items from the antique store. Design an algorithm where the user will enter the price of each of the four items. The algorithm will determine the subtotal, the sales tax, and the total purchase amount. Assume the sales tax is 7%.
Be sure to think about the logic and design first (input-process-output (IPO) chart, flowchart, and pseudocode). Display all output using currency formatting.
Advanced (optional): Use a constant for the 7% sales tax.
Rubric
Point distribution for this activity:
iLab Activity
Document
Points possible
Points received
Variable list
10
IPO chart
10
Flowchart
10
Pseudocode/C# code
10
Desk-check
10
Total Points
50
Name:_________________
(1) Variable List With Data Type
List all the variables you will use (use valid variable names). Indicate whether the data type is string, integer, or double, and so on.
(2) IPO Model
List the inputs, any processes, calculations, and outputs. Use the same valid variable names you used in Step 1.
Inputs
Process (calculations)
Outputs
(3) Flowchart
Use MS Visio to create a flowchart. Paste the flowchart here, or attach as separate document. Use the same valid variable names you used in Step 1.
(4) Pseudocode or C# Code
Describe your solution using pseudocode or actual C# code. Use the same valid variable names you selected in Step 1.
(5) Desk-Check
Desk-check your solution by selecting appropriate test data.
Test data: List the values for your test data.
Expected output: What is the expected output of your program?
Step
Variables (write variable names in first line below)
Output
Enter step numbers
1
2
3
Week 2 Activity—Game Seating Charges
TCO 2—Given a simple problem, design a solution algorithm that uses arithmetic expressions and built-in functions.
Assignment
Your goal is to solve the following simple programming exercise. You have been contracted by a local stadium to design an algorithm determining the total seating charges for any game held at the stadium. Lower-level seats cost $25 per seat, mid-level seats cost $15 per seat, and upper-level seats cost $10 per seat. The algorithm should ask the user for the number of seats being purchased in each seating level. Then, the algorithm will determine the total for each level and a grand total for the enti.
Recommended
Glo bus 2018 grand champion tips 2018-10-09 how to win GLO-BUS
Glo-Bus 2018 winning strategies from a 2018 Grand Champion.
Revised Video and Tips 2018-10-13
Contact me if you need help: w.patrick.law@gmail.com. I will never sell you anything, but I would appreciate it if you like, comment and subscribe.
Videos:
Detailed Pro Tips: https://youtu.be/VVqQ7VAaJSA
Other (Simplified) Video: https://youtu.be/omTK1GmVo0Y
Analyzing Video Game Sales
This document summarizes a report analyzing factors that influence the worldwide sales of video games. The author built a hierarchical linear regression model to predict global video game sales based on platform, genre, critic and user ratings, and other variables. The model included random intercepts for publisher. The most significant predictors were found to be platform manufacturer, genre, critic and user review counts, and critic ratings. The model explained around half of the variance in global sales.
Glo Bus Presentation
This document provides an overview and introduction to the GLO-BUS online business simulation. In GLO-BUS, students will manage a digital camera company, making decisions across various business functions in competition with other student-managed companies. The simulation aims to create a realistic global competitive environment to test different strategic approaches. Performance will be evaluated based on financial and shareholder-focused metrics like EPS, ROE, credit rating, stock price, and brand image.
DECISION SUPPORT SYSTEMS
The document discusses using decision support systems to help Nintendo analyze pricing for a new product. It presents an introduction to Nintendo's situation, outlines the problem, and describes DSS techniques like the solver and decision trees that could be applied. A decision tree is created to determine customer satisfaction based on user type. The solver is then implemented with constraints and variables to maximize profit based on two data sets. It concludes the DSS tools could help Nintendo regain their leading market position if the new product is priced appropriately based on manufacturing costs.
How to Design Effective Learning Games: Sharon Boller and Karl Kapp
Slides used during September 2017 ATD Learn workshop facilitated by Sharon Boller & Karl Kapp: "Play to Learn: Effective Learning Game Design"
Includes numerous slides identifying DIY game creation resources, templates, tools for creating learning games.
11 IntroductionYou have just been transported to a par.docx
1
1 Introduction
You have just been transported to a parallel simulation where
everything is familiar, but things are a little different. Why were you
transported? You are going to have an opportunity to run a company
of your own and demonstrate your business knowledge!
1.1 What’s Different?
In your previous simulation, you might have worked as part of a
group, bouncing ideas among your teammates. In Comp-XM Basix,
you are the sole decision maker.
At the start of the simulation, all companies are not equal. You are
running the Andrews Company, and it is behind the competition, so
you have your work cut out for you.
In Comp-XM Basix, you will not have access to an Excel® spreadsheet.
All decisions will be entered on a web-based spreadsheet available
from the Open Simulation button on the Exam Dashboard
(see Figure 4.2).
At the start of Comp-XM Basix, the segments are in the middle of the
Perceptual Map.
1.2 What’s the Same?
The segment names and products should be familiar. Although they
are in the middle of the map, the segments will continue to drift to the
lower right, just as they did before.
All decision areas are identical to your previous simulation, as are
the reports.
1.3 Workfl ow
Comp-XM Basix has four decision rounds. Each round, you will enter
a set of decisions via the web spreadsheet.
You might also be asked to complete a Mini Quiz. You can take the
Mini Quiz any time during the simulation (Table 1.1).
Table 1.1 Standard Comp-XM Basix Schedule
Simulation Mini Quiz
Round 1 Decisions
Can be completed
any time prior to
the deadline.
Round 2 Decisions
Round 3 Decisions
Round 4 Decisions
Your instructor can confi gure Comp-XM Basix without a
Mini Quiz.
2 Scoring
Scoring occurs in two parts, the results of your Mini Quiz, and the
results of your simulation, which are assessed via a Balanced
Scorecard.
2.1 Balanced Scorecard
Comp-XM Basix uses a Balanced Scorecard for simulation scoring. A
Balanced Scorecard is a common analysis technique that allows
companies to gauge their current performance and formulate future
goals. Balanced Scorecards are divided into four areas:
• Financial
• Internal Business Process
• Customer
• Learning and Growth
Each Comp-XM Basix Scorecard is built from criteria which are
assigned a weight– a level of importance. Criteria, weights and results
for each round, along with criteria, weights and results for a fi nal
Copyright © 2011 Capsim Management Simulations, Inc. All rights reserved.
Mini Quiz
2
If they were scheduled in your previous simulation, your Comp-XM
Basix simulation will utilize the Human Resources and TQM (Total
Quality Management)/Sustainability modules. Decisions made in
these modules can have wide ranging effects, including infl uencing
product demand, R&D cycle times, productivity, material costs, labor
costs and administrative costs.
TQM and Human Resource drive the Learning and Growth section of
the Balanced ...
COMP 2160 Programming Practices Assignment 2 Page 1 of.docx
COMP 2160 Programming Practices
Assignment 2
Page 1 of 2
Due Date: February 24th at 11:59pm
NOTES
Please read and follow instructions carefully; not doing so will result in a loss of marks.
You must complete Honesty Declaration form digitally in UMLearn.
Your code must follow the programming standards (available in UMLearn).
You can write your code on any machines; remember to verify your code on one of the lab machines.
You must include a README file which describes how to compile and run your solution. You can
also explain your concerns or personal opinions regarding this assignment.
Use submission tool (handin) in CS Unix system as described in Assignment Submission
Guidelines (available in UMLearn).
REVERSI (OTHELLO) [20]
Download reversi_skeleton.c and rename it to reversi.c. Then, implement the incomplete
functions: checkstate(), canPlayAt(), and numReverseDirection(). Your implementation
must follow the design by contract principle. In addition, make your solution fail gracefully in production
(i.e., when assertion is disabled).
The code is to read a Reversi game board from standard input, compute the best move for a player, and print
the result to standard output. In our case, the best move refers to a move which allows the player to capture
the most opponent’s pieces. If you want to learn more about the game, you can read the Wikipedia entry
(https://en.wikipedia.org/wiki/Reversi); I have listed the game rules that you need for this assignment.
there are two players, black and white
each player can only play at the place where they capture the opponent’s piece(s)
when a piece placed, we check if there are opponent’s pieces wrapped by the player’s
o we check 8-direction (4 straights, up, down, left, right; and 4 diagonals, left-up, left-down,
right-up, right-down) by moving along on this direction
o if we found the player’s piece along the way, the opponent’s pieces in between are captured
and becomes the player’s
we get the number of captures for a specific position by adding every direction’s captures
Implementation Requirements
All following conditions must be met by your solution
boolean checkstate( const GameBoard * board )
This function should check if the given board is valid. Our valid state means
nColumns is (0, MAX_BOARD_COLUMNS), i.e., 0 < nColumns < MAX
nRows is (0, MAX_BOARD_ROWS), i.e., 0 < nRows < MAX
player is either BLACK or WHITE
boolean canPlayAt( const GameBoard * board, int row, int col )
This function should check if the opponent’s piece is around given position (i.e., check 8-direction). For
example, if current player is BLACK, you need to find out if WHITE’s piece appears as a neighbour.
COMP 2160 Programming Practices
Assignment 2
Page 2 of 2
*EDITED You also need to check if the cell (row, col) is empty; otherwise, it is unplayable cell.
int numReverseDirection( const GameBoard * board, int row, int col, int dirRow, i.
Week 2 iLab TCO 2 — Given a simple problem, design a solutio.docx
Week 2 iLab
TCO 2 — Given a simple problem, design a solution algorithm that uses arithmetic expressions and built-in functions.
Scenario
Your goal is to solve the following simple programming exercise. You have been contracted by a local antique store to design an algorithm determining the total purchases and sales tax. According to the store owner, the user will need to see the subtotal, the sales tax amount, and the total purchase amount. A customer is purchasing four items from the antique store. Design an algorithm where the user will enter the price of each of the four items. The algorithm will determine the subtotal, the sales tax, and the total purchase amount. Assume the sales tax is 7%.
Be sure to think about the logic and design first (input-process-output (IPO) chart, flowchart, and pseudocode). Display all output using currency formatting.
Advanced (optional): Use a constant for the 7% sales tax.
Rubric
Point distribution for this activity:
iLab Activity
Document
Points possible
Points received
Variable list
10
IPO chart
10
Flowchart
10
Pseudocode/C# code
10
Desk-check
10
Total Points
50
Name:_________________
(1) Variable List With Data Type
List all the variables you will use (use valid variable names). Indicate whether the data type is string, integer, or double, and so on.
(2) IPO Model
List the inputs, any processes, calculations, and outputs. Use the same valid variable names you used in Step 1.
Inputs
Process (calculations)
Outputs
(3) Flowchart
Use MS Visio to create a flowchart. Paste the flowchart here, or attach as separate document. Use the same valid variable names you used in Step 1.
(4) Pseudocode or C# Code
Describe your solution using pseudocode or actual C# code. Use the same valid variable names you selected in Step 1.
(5) Desk-Check
Desk-check your solution by selecting appropriate test data.
Test data: List the values for your test data.
Expected output: What is the expected output of your program?
Step
Variables (write variable names in first line below)
Output
Enter step numbers
1
2
3
Week 2 Activity—Game Seating Charges
TCO 2—Given a simple problem, design a solution algorithm that uses arithmetic expressions and built-in functions.
Assignment
Your goal is to solve the following simple programming exercise. You have been contracted by a local stadium to design an algorithm determining the total seating charges for any game held at the stadium. Lower-level seats cost $25 per seat, mid-level seats cost $15 per seat, and upper-level seats cost $10 per seat. The algorithm should ask the user for the number of seats being purchased in each seating level. Then, the algorithm will determine the total for each level and a grand total for the enti.
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Music2Go-Intro Players Manual
(revision E)
© Smartsims International Ltd
Music2Go-Intro Players Manual 2
Getting Started ............................................................................................. 2
Single-Player vs Multi-Player ........................................................................... 2
Your Goal – Maximize Marketing Contribution .................................................... 3
Summary of the Music2Go Scenario ................................................................. 4
Key Reports Menu .......................................................................................... 7
Chapter 2: The Music2Go Scenario 8
Market Segment Overview .............................................................................. 8
Standard Segment ................................................................................. 8
Youth Segment ...................................................................................... 9
Sports Segment (Multi-Player only) .......................................................... 9
The Perceptual Map and Segment Movement over Time ............................. 10
Forecast Segment Demand .................................................................... 11
Advertising Media Selection............................................................................ 12
Advertising Reach and Media Viewing Preferences ..................................... 13
Distribution and Sales Promotion .................................................................... 14
Distribution and Retail Margin................................................................. 14
The Product Life Cycle ........................................................................... 15
Sales Promotion and the Product Life Cycle .............................................. 16
How do I choose a Sales Promotion Mix for my products? .......................... 19
Chapter 3 - The Decision Screens 20
Price ........................................................................................................... 20
Product Pricing Screen ........................................................................... 20
How do I set the price and margin for each product? ................................. 22
Advertising .................................................................................................. 23
Advertising Screen ................................................................................ 23
Sales Promotion ........................................................................................... 24
Sales Promotion Strategy Screen ............................................................ 24
Product Development .................................................................................... 25
Product Development Screen (Existing Product)........................................ 25
Launch New Product Screen ......... ...
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Data Driven Decision Making
Module PowerPoints (rev 1.2)
1
Explain the basic concept of computer simulation.
Describe the role computer simulation plays in many management science studies.
Use RSPE to perform various basic computer simulations.
Interpret the results generated by RSPE when performing a computer simulation.
Describe the characteristics of some of the probability distributions that can be incorporated into a computer simulation when using RSPE.
Use an RSPE procedure that identifies the continuous distribution that best fits historical data.
Use RSPE to generate a parameter analysis report and a trend chart as a aid to decision making.
Module Learning Objectives
Structure the Decision
(Define the Problem)
Select, Build and Run a Model (if applicable)
Gather Information,
Collect Data
Make the Decision
Data Driven Decision Making
Simulation Models
A simulation is an imitation of reality
Simulation models can represent complex and dynamic situations
Many other models are static – they only represent a single point in time
They can “speed up time” to show long-term effects
Stochastic Simulation
“Stochastic” = involving chance or probability
A stochastic simulation can model the uncertain aspects of a decision – to show how uncertain events might affect outcomes
We’ll be using RSPE software to build simulation models
Once a simulation model is set up, we can run experiments to see what might happen in the future … actually for thousands of futures … “in the long run”
Decision
Uncertainty
Consequence
RSPE Input Variables
Simulation Experiments
RSPE Output Variables
Analyzing Risk With Simulation
Risk =~ Uncertainty x Consequence
6
The Essence of Computer Simulation
A stochastic system is a system that evolves over time according to one or more probability distributions.
Computer simulation imitates the operation of such a system by using the corresponding probability distributions to randomly generate the various events that occur in the system.
Rather than literally operating a physical system, the computer just records the occurrences of the simulated events and the resulting performance of the system.
Computer simulation is typically used when the stochastic system involved is too complex to be analyzed satisfactorily by analytical models.
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What specific issues should be addressed?
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Music2Go-Intro Players Manual 2
Getting Started ............................................................................................. 2
Single-Player vs Multi-Player ........................................................................... 2
Your Goal – Maximize Marketing Contribution .................................................... 3
Summary of the Music2Go Scenario ................................................................. 4
Key Reports Menu .......................................................................................... 7
Chapter 2: The Music2Go Scenario 8
Market Segment Overview .............................................................................. 8
Standard Segment ................................................................................. 8
Youth Segment ...................................................................................... 9
Sports Segment (Multi-Player only) .......................................................... 9
The Perceptual Map and Segment Movement over Time ............................. 10
Forecast Segment Demand .................................................................... 11
Advertising Media Selection............................................................................ 12
Advertising Reach and Media Viewing Preferences ..................................... 13
Distribution and Sales Promotion .................................................................... 14
Distribution and Retail Margin................................................................. 14
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Sales Promotion and the Product Life Cycle .............................................. 16
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Product Pricing Screen ........................................................................... 20
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Advertising Screen ................................................................................ 23
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Sales Promotion Strategy Screen ............................................................ 24
Product Development .................................................................................... 25
Product Development Screen (Existing Product)........................................ 25
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Module C
Simulation
QNT 5160
Data Driven Decision Making
Module PowerPoints (rev 1.2)
1
Explain the basic concept of computer simulation.
Describe the role computer simulation plays in many management science studies.
Use RSPE to perform various basic computer simulations.
Interpret the results generated by RSPE when performing a computer simulation.
Describe the characteristics of some of the probability distributions that can be incorporated into a computer simulation when using RSPE.
Use an RSPE procedure that identifies the continuous distribution that best fits historical data.
Use RSPE to generate a parameter analysis report and a trend chart as a aid to decision making.
Module Learning Objectives
Structure the Decision
(Define the Problem)
Select, Build and Run a Model (if applicable)
Gather Information,
Collect Data
Make the Decision
Data Driven Decision Making
Simulation Models
A simulation is an imitation of reality
Simulation models can represent complex and dynamic situations
Many other models are static – they only represent a single point in time
They can “speed up time” to show long-term effects
Stochastic Simulation
“Stochastic” = involving chance or probability
A stochastic simulation can model the uncertain aspects of a decision – to show how uncertain events might affect outcomes
We’ll be using RSPE software to build simulation models
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Decision
Uncertainty
Consequence
RSPE Input Variables
Simulation Experiments
RSPE Output Variables
Analyzing Risk With Simulation
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6
The Essence of Computer Simulation
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Rather than literally operating a physical system, the computer just records the occurrences of the simulated events and the resulting performance of the system.
Computer simulation is typically used when the stochastic system involved is too complex to be analyzed satisfactorily by analytical models.
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What are the overall objectives for the study?
What specific issues should be addressed?
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What measures of performance of the system are of interest to management?
What are the time constraints for performing the study?
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Business simulation Business Management Arizona Board of Regents.docx
- 1. Business management: simulation | Business Management | Arizona Board of Regents Deadline 5 hours1 PAGECase study: https://mitsloan.mit.edu/sites/default/files/2020- 03/Sony%27s%20Battle%20for%20Video%20Game%20Supremacy.IC__0.pdfPlay as an individualUse any code to log inTo begin, read the simulation case study and access the simulation at https://forio.com/simulate/mit/video-game/simulation/index.html (Links to an external site.) You will make four rounds of decisions for this case study. Round 1 = Year 1; Round 2= Year 2; Round 3= Year 5; and Round 4=Year 10 (end). Round 1: Read the case study. Make decisions for the first year. Be sure to consider the amount of competition and where this product in its product life cycle (PLC). Based off the information in the case study, identify an initial Console price ($/unit) This is the price that will be charged to consumers to buy the console. The number of game titles to subsidize 49million ($/year) This is the number of games that the console maker will produce specifically for their console in order to promote their console. Royalty paid by game makers (% of revenues/year). The royalty that game makers (i.e. 3rd parties) must pay the console maker in order to have access to their console player. Input these numbers into the simulation. Next, copy your income statement and dashboard and paste into an excel spreadsheet or your word document. Analyze these two statements. Specifically, note your market share, revenues, net income, and cumulative profit. In your write-up identify why you chose the price, number of game titles and royalty. Based off your analysis of the analytics provided by the simulation, what changes will you make in round 2. Provide rationale for these changes. (i.e. Do you need to charge a higher price for the console? Do you need to subsidize more games, etc.)? How does the competition impact your decision? How does the stage of the product lifecycle impact your decisions for the next round? Round 2, 3 and 4: Based on your analysis of your previous round(s) results, modify your console price, game titles to subsidize and royalty paid by game makers. Again, copy your income statement and dashboard and paste into your word document or a spreadsheet. Specifically, note your market share, revenues, net income, and cumulative profit. Based off your analysis of the analytics provided by the simulation, what changes will you make in the next round. Provide rationale for these changes. (i.e. Do you need to charge a higher price for the console? Do you need to subsidize more games, etc.)? How does the competition impact your decision? How does the stage of the product lifecycle impact your decisions for the next round? Complete this exercise for rounds 2, 3, and 4. Conclusion: After the final round,
- 2. report your final income statement. Provide a one or two paragraph reflection on what you learned from this simulation. You may “play” the simulation as many times as you would like in order to achieve the best results (and to learn from the simulation)! Your final write- up should contain the following, and will be graded as follows: Title page (1 point) Introduction (2 points) Round 1 – decisions, rationale, evaluation of results and recommendations for the next round (9 points) Round 2 – decisions, rationale, evaluation of results and recommendations for the next round (9 points) Round 3 – decisions, rationale, evaluation of results and recommendations for the next round (9 points) Round 4 – decisions, rationale, and evaluation of results (8 points) Conclusion and reflection (8 points) Proper grammar and spelling (4 points)