Pricing Strategy Algorithms for Playing Business Simulations
Abstract
The purpose of this paper is to report a theoretical pricing strategy algorithm developed specifically for The Management/Accounting Simulation. The analysis was based on the assumption that game participants have almost perfect knowledge of the simulation. The question arises: if the participants have perfect knowledge of the facts, functions, parameters, and algorithms of a simulation, what pricing algorithm should be used to take full advantage of this knowledge?Downloads
Published
1990-03-09
Issue
Section
Articles