The Effect of Simulation Starting Decisions and Optimum Decisions on Firm Profit and Dominance

Kenneth Ray Goosen

Abstract


     The purpose of this paper is to present the results of experiments involving the relationship of starting decisions to optimum decisions and in particular the effect on  firm  strategy and profit.  Each experiment involves starting decisions being significantly different from optimum decisions or equal to optimum decisions. The primary object of the experiments was to determine if starting decisions could predetermine which decision strategy would be the dominant strategy. The results of the experiments clearly supported the hypothesis that the placement of starting decisions had a major impact on dominance and also the amount of profit.


Keywords


optimum decisions, starting decisions, profit, strategic decisions, dominance, profit leader

Full Text:

PDF

References


REFERENCES

Bernard, R.R. S. & de Souza, M. P. (2009), “Dominance in online business game competitions,” Developments in Business Simulation and Experiential Learning, Vol 36

Biggs, William D. And Fritzsche, David J (2010) “Using Accumulated Profits to Assess Performance in Simulation,”Developments in Business Simulation and Experiential Learning, Vol. 37,2010

Faria, A. J,. Nulsen, Ra, (1996) “Business Simulation Games: Current Usage Levels A Ten Year Update”, Developments in Business Simulation & Experiential Exercises,” Vol. 23

Goosen, Kenneth R., (2017) “The Effect of Starting Price and Advertising on Business Strategy,” Developments in Business Simulation and Experiential Learning, Vol. 44, 2017

Goosen, Kenneth R. (2016) “The Search for Optimum Business Simulation Decisions,” Developments in Business Simulation and Experiential Learning, Vol. 43, 2016

Patz, Alan, L. (1999) “Overall Dominance in Total Enterprise Simulation Performance,” Developments in Business Simulation and Experiential Learning Vol. 26,

Patz, Alan, L. (2000) “One more time: Overall dominance in total enterprise simulation performance,” Develops in Business Simulation and Experiential Learning Vol. 27, 254 – 258.

Roge, Joseph N, (1997) “Coaching Business Game Teams Using A Decision Variable Optimizer,” Developments in Business Simulation & Experiential Exercises, Volume 24

Teach, Richard (2007) “Assessing Participants Learning in A Business Simulations,” Developments in Business Simulation and Experiential Learning, Volume 34, 2007

Teach, Richard, (1990) Chapter 7, “Designing Business Simulations,” Guide to Business Gaming and Experiential Learning,

Wellington, William J., Faria, A. J., Hutchinson, David (2008), “Are Good Strategy Decisions Consistently Good? A Real-time Investigation,” Developments in Business Simulation and Experiential Learning, Vol. 35,2008

Wolfe, Joseph, Biggs William D., Gold, Steven C. “Early-Determined Business End Game Standings: A Replication of Teach and Patel’s Findings:,” Simulation Gaming published online 4, March, 2013


Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Kenneth Ray Goosen

Creative Commons License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.