1B Introduction to Fish Banks, Ltd. Criterion of Success Financial Information Changes in Fish and...
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Transcript of 1B Introduction to Fish Banks, Ltd. Criterion of Success Financial Information Changes in Fish and...
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1B
Introduction to Fish Banks, Ltd.
• Criterion of Success• Financial Information• Changes in Fish and Ships• Initial Conditions• Materials• Steps of Play
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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2B
Criterion of Success
Criterion of Success
Maximum possible assets at the end of the game.
ASSETS =
BANK BALANCESHIPS’ SALVAGE
VALUE
+$ $ $
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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3B
Profit
Profit = Income - Expenses
Fish Banks, Ltd. © 2001 Dennis L. Meadows
SHIP AUCTIONS & TRADE PURCHASES
NEW SHIPORDERS
INTERESTCHARGES
HARBOR &OPERATINGCOSTS INTEREST
EARNINGS
SHIPTRADESALES
FISHSALES
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4B
Income
Negotiated Price
10% if Minimum Balance is greater than zero
Catch x Price ($20 per fish)
Fish Sales
Interest Earnings
Ship Trade Sales
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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5B
Expenses
Harbor: $50/ship-yearCoastal Fishery: $150/ship-yearDeep Sea Fishery: $250/ship-year
New Ships: $300 each (charged current year but delivered following year)
Auction: Highest BidTrade: Negotiated Price
15% if Minimum Balance is less than zero.
Harbor &Operating
Costs
Auction &Trade
Purchase
InterestCharges
Con- struction
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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6B
Profit Example
1 Ship to Deep Sea Fish Sales = 25 x $20$500Operating Cost -250Deep Sea Subtotal$250
1 Ship to Coastal Fish Sales = 15 x $20$300Operating Cost -150Coastal Subtotal$150
1 Ship to Harbor Fish Sales $0Operating Cost -50Harbor Subtotal-$50
Profit from 3 Ships$350
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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7B
Ship Salvage Value
• The ship salvage value calculated each year is the price that would be paid for each ship, if the game ended in that year.
• The ship salvage value may be a constant set to a value between $0 and $500 or
• The salvage value may be set to equal the average profit per ship in all areas over recent years.
• The period over which average profit is calculated may be set to between 1 and 6 years.
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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8B
Sequence of Debits and Credits
You start the year with a bank balance that has accumulated through all past years.
If you buy ships at auction or from other teams, the cost is subtracted.
You are then charged for the operating costs of your fleet.
Your fish catch is calculated and you are credited with the sales income.
The minimum balance is calculated and your account is adjusted by the appropriate interest.
Finally, your account is charged for the cost of any new ships you ordered at the beginning of the year.
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Fish Banks, Ltd. © 2001 Dennis L. Meadows
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9B
Fishing Fleet
• Initial Size
• Enlarging- Auction- Trade- Construction
• Reducing- Trade
White = 1 Ship
Red = 5 Ships Yellow = 10 Ships
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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10B
Catch
Fish Banks, Ltd. © 2001 Dennis L. Meadows
Catch influenced by:
• Number of Ships• Ship
Effectiveness• Weather
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11B
Ship Effectiveness
FISH DENSITY
0
0
MAXIMUM
SHIP EFFECTIVENESS (FISH PER SHIP
PER YEAR)15
25
COASTAL
DEEP SEA25
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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12B
Fishing Areas
Deep Sea Fishery
Maximum Population:2000 - 4000 Fish
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
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13B
Regeneration of Fish
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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14B
Recent History of the Fisheries
YEAR
CATCH
SHIPS
RECENT HISTORY OF THE FISHERIES
PRESENT
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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15B
Game Board
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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16B
Decision Sheet
Fish Banks, Ltd. © 2001 Dennis L. Meadows
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17B
Participants’ Steps of Play
1. Receive and record computer-generated numbers on Decision Sheet under "Annual Report."
2. Collect ships.3. Bid for auctioned ships.4. Buy or sell ships in trading sessions.5. Place orders for new ship construction.6. Calculate and record fleet size.7. Allocate ships among fishing areas &
harbor and record decisions on Decision Sheet.
8. Place ships on game board.9. Give Decision Sheet to game operator.
Fish Banks, Ltd. © 2001 Dennis L. Meadows