Monday, May 25, 2020

Simulation Methods - 1214 Words

Case Study admin | April 3, 2013 Case Study Acting as the CEO of New Heritage Doll company and need to decide which investment projects can create values for shareholders’ wealth so that the company can receive funding in the next five years. Student’s task is to evaluate proposed projects using the financial and qualitative information provided and to select projects to be approved for a given year’s investment plan using any evaluation criteria deem appropriate. Students are to submit the simulation online and to write a final report in a formal business format based on the simulation. Case Study Instructions: This is an individual assessment. You are acting as the CEO of New Heritage Doll company and you need to decide which†¦show more content†¦The simulation is particularly designed this way for students to try different strategies in order to develop a deeper understanding of how different decisions lead to different outcomes. The Week 1 and Week 3 tutorials will particularly show you how to use the simulation, please make sure that you do attend them. Please register and purchase the course pack using the links below and according to your location (the Course URL is also available on the Blackboard): †¢ For 307 onshore or Bentley students: https://cb.hbsp.harvard.edu/cbmp/access/17531351; †¢ For all 307 offshore students : https://cb.hbsp.harvard.edu/cbmp/access/17531356; †¢ For 307 online students: https://cb.hbsp.harvard.edu/cbmp/access/17531435; †¢ For 307- Charles Telfair Institute students: https://cb.hbsp.harvard.edu/cbmp/access/18403140; †¢ For 572 onshore or Bentley students: https://cb.hbsp.harvard.edu/cbmp/access/17531436; †¢ For all 572 offshore students: https://cb.hbsp.harvard.edu/cbmp/access/17531451. The marking will be based on your write-up rather than the specific scores or results in the simulation. This is because you may very well make mistakes when playing the simulation and yet learn from those mistakes. When you are done playing the simulation, you may very well be confused or even a bit frustrated by what happened to you, and that’s alright. The real learning comes from seeing the results of your actions or decisions (even if you make mistakes in your simulationShow MoreRelatedProject Completion Method: Stochastic Project Scheduling Simulation5967 Words   |  24 PagesManuscript ID: CO/2003/022870 Specialty Area: Cost Schedule Audience: Researchers PROBABILITY OF PROJECT COMPLETION USING STOCHASTIC PROJECT SCHEDULING SIMULATION (SPSS) Dong-Eun Lee1 ABSTRACT This paper introduces a software, Stochastic Project Scheduling Simulation (SPSS), developed to measure the probability to complete a project in a certain time specified by the user. To deliver a project by a completion date committed to in a contract, a number of activities need to be carried out. The timeRead MoreSocial Simulation Applies Computational Methods Essay942 Words   |  4 Pages Social simulation applies computational methods to study issues in the social sciences, such as sociology, political science, economics, anthropology, geography, archeology and linguistics (Takahashi et al., 2007). 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Secondly, we will examine how appropriate the model is for the fundRead MoreSelective Reasoning1356 Words   |  6 Pages Marketing Simulation Analysis When the simulation was first assigned, I really had no idea what to expect. I assumed that my group members and I would be creating various written documents, which was clearly not the case. After selecting a group composed mainly of my close friends, we began to read through the various materials given to us to help us successfully complete the simulation. After watching a few of the videos from our customers and reading the given document about MinnesotaRead MoreEssay on Effectiveness of Scenario Based Simulation Training 1579 Words   |  7 Pagesforces many nursing programs to seek alternative methods of clinical instruction. In years past simulation training was used as an aid to facilitate learning. Today, for many nursing programs scenario based simulation is the only option for learning patient care. Which brings about the question as to just how effective is simulation training? According to Kneebone, Nestel, Vincent, Darzer (2007), â€Å"To be effective, however, such simulation must be realistic, patient-focused, structuredRead MoreJet Copies Case Problem Essay1061 Words   |  5 Pages678-679 of the text.   Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: 1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. 2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown.   3. In Excel, use a suitable method for simulating the lostRead MoreA Study On Advancing Entrepreneurial Skills And Abilities Through The Use Of Simulation Games On Secondary Shool Business Education1206 Words   |  5 Pages KEABETSWE PHUTHEGO 200903371 ELB 504 GUIDED STUDY IN BUSINESS EDUCATION TOPIC: ADVANCING ENTREPRENEURIAL SKILLS AND ABILITIES THROUGH THE USE OF SIMULATION GAMES IN SECONDARY SHOOL BUSINESS EDUCATION DUE DATE: 8 APRIL 2016 INTRODUCTION What can we as teachers do to influence our learners to become entrepreneurs? The government of Botswana has been over the years working tirelessly in trying to curb unemployment more especially among the youth, as well as motivating them to venture intoRead MoreMeasuring A Rural And An Urban Catchment1588 Words   |  7 Pagesthe course of the simulations, I hypothesis that a rural catchment during a precipitation event, is more likely to have a greater response on a river system, compared to that of an urban catchment would have. Methods To conduct this experiment, a very basic model was used, with varying degrees of responsibilities associated with it. Over a period of five minutes, a litre of water was deposited after 30 seconds of time in a constant pattern. Depending on the catchment simulation, either a sponge onRead MoreThe Mandate to Change the Prevailing Culture from Opinion-Based Practice to Evidence-Based Practice Has Influenced Models Designed as Decision –Making Approaches to Advance the Integration of Simulation Education1920 Words   |  8 Pagesintegration of simulation education methods in higher education health professional programs, specifically among undergraduate and graduate education nursing programs. Simulation is one of the most rapidly growing strategies in clinical education and defining the best practices for dissemination is essential to the integration process. 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