Fish Banks: Anchors Away!

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Presentation transcript:

Fish Banks: Anchors Away! PURPOSE: What? To maximize your assets Why? To be the ultimate company! How? STRATEGY!! Who will win Fish Banks??

Welcome to Fish Banks, Ltd. We are going to play a simulation game called Fish Banks. It is called a simulation because it allows you, through playing the game, to experience processes and issues at work in real life systems. Fish Banks, Ltd. © 2001 Dennis L. Meadows

Let’s talk about the information you need to be successful! Congratulations! You have just been hired to manage one of the principal fishing companies in the U.S. Together with others in your company, you will be making decisions about the operation of your fishing fleet each year according to strategies you develop as a team. Let’s talk about the information you need to be successful!

Success will be determined by how well you maximize your assets. Criterion for Success Success will be determined by how well you maximize your assets. $ $ $ + + SALVAGE VALUE BANK BALANCE Fish If you work together and make wise decisions, you should be able to accumulate considerable assets. Fish Banks, Ltd. © 2001 Dennis L. Meadows

Profit = Income - Expenses INTEREST EARNINGS SHIP TRADE SALES FISH SHIP AUCTIONS & TRADE PURCHASES NEW ORDERS INTEREST CHARGES HARBOR & OPERATING COSTS Fish Banks, Ltd. © 2001 Dennis L. Meadows

Income Catch x Price ($20 per fish) 10% if Minimum Balance is greater than zero $ Cha-ching! $ Negotiated Price Fish Banks, Ltd. © 2001 Dennis L. Meadows

Expenses Harbor: $50/ship-year Coastal Fishery: $150/ship-year Deep Sea Fishery: $250/ship-year New Ships: $300 each (charged current year but delivered following year) Auction: Highest Bid Trade: Negotiated Price 15% if Minimum Balance is less than zero. Fish Banks, Ltd. © 2001 Dennis L. Meadows

Profit Example 1 Ship to Deep Sea Fish Sales = 25 x $20 = $500 Operating Cost -250 Deep Sea Subtotal $250 1 Ship to Coastal Fish Sales = 15 x $20 = $300 Operating Cost -150 Coastal Subtotal $150 1 Ship to Harbor Fish Sales $0 Operating Cost -50 Harbor Subtotal -$50 Profit from 3 Ships $350 Fish Banks, Ltd. © 2001 Dennis L. Meadows

Fishing Areas Deep Sea Fishery Coastal Fishery Maximum Population: Annual Operating Cost: $250 per Ship-Year Productivity (Normal Ship Effectiveness): 25 Fish per Ship-Year Coastal Fishery Maximum Population: 1000 - 2000 Fish Annual Operating Cost: $150 per Ship-Year Productivity (Normal Ship Effectiveness) 15 Fish per Ship-Year Fish Banks, Ltd. © 2001 Dennis L. Meadows

Regeneration of Fish Since this game is a simulation, the fish regeneration will simulate real life based on the decisions your companies make. Fish Banks, Ltd. © 2001 Dennis L. Meadows

Game Board Fish Banks, Ltd. © 2001 Dennis L. Meadows

Decision Sheet Fish Banks, Ltd. © 2001 Dennis L. Meadows

Participants’ Steps of Play Receive Annual Report and record computer-generated numbers on Decision Sheet under "Annual Report." Bid for auctioned ships. Buy or sell ships in trading sessions. Place orders for new ship construction. Calculate and record fleet size. Allocate ships among fishing areas & harbor and record decisions on Decision Sheet. Place ships on game board. Give Decision Sheet to game operator. Fish Banks, Ltd. © 2001 Dennis L. Meadows

Game Strategy – Who will win?? Your company has some additional decisions to make… fish and fishing techniques job roles strategies Remember the goal of the game is to… http://padlet.com/wall/k398vi86z27o