fishbanksrole_description.doc - FISH BANKS LTD ROLE...

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DECISIONS Each round you must determine your fleet size by deciding whether to bid for ships at auction, make ship trades with other teams, order new ships to be constructed by the shipyard, or maintain your fleet at its current size. Then you must decide how to divide your ships among the Coastal and Deep Sea fishing areas and the Harbor. You, will be most successful if your decisions are based on a long-term strategy for fleet size and allocation. You must also take into account the actions of the other teams and modify your strategy. accordingly. FISH BANKS, LTD. ROLE DESCRIPTION AND OPENING SCENARIO Congratulations! You have just been hired to manage one of the principal fishing companies in your country. Together with the others in your company—captain and crew members—you will operate your fishing fleet each year according to policies you design to maximize your assets. The rules and information required for your success are provided below. Fish Banks, Ltd. © 2001 Dennis L. Meadows R 1 CRITERION OF SUCCESS Your team's goal is.to achieve the greatest possible assets by the end of the game. Your assets equal the sum of your accumulated bank balance plus the salvage value of your ships at the end of the final year in the game. RESOURCES You begin the game with a fleet of ships, a bank account of ($200) x (number of ships), and access to two offshore fishing areas.
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BANK BALANCE $$$$$$$$$$$$ Your bank balance is increased by income from fish and ship sales, and decreased by expenditures for ship purchases and operation. Additionally, your account is subject to interest earnings and charges. Your total assets equal the sum of your bank balance plus the salvage value of your ships, $250 per ship, at the end of the game. INCOME: You can earn income by: selling your fish catch at a fixed price of $20 per fish selling your ships to other companies at a negotiated price earning 10% interest on your bank account during seasons when your minimum bank account remains positive EXPENSES: You incur expenses by: buying ships at auction buying ships from other companies at a negotiated price ordering the construction of new ships at $300 per ship operating and maintaining your ships in one or both of the two fishing areas or leaving them in the harbor paying 15% interest on your loans during years when your minimum bank balance becomes negative INTEREST: Interest earnings and charges are based on your minimum bank balance during the year. To determine what your minimum bank balance will be, you must keep in mind the precise sequence of credits and debits to your account. Fish Banks, Ltd. © 2001 Dennis L. Meadows R 2
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SHIPS You may change the size of your fleet by buying ships at auction, negotiating to buy or sell ships from another company, and ordering new ships from the shipyard.
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