Management of Fishing Enterprises - Essay Example

The procedure in this game consists of several steps. The first one is receiving computer printouts and records. The next step is the collection of ships and money. This is achieved in two ways; one is by bidding auctioned ship. This is followed by buying and selling ships during the auctions. The other option is placing orders for the construction of new ships. After that, the company now uses the existing record to calculate the size of the fleet. The available ships are then allocated to the different fishing areas and placed on the game board. Finally, the decision sheet is submitted to the operator.

In ensuring that a fishing company gets the best from each transaction, it has to make crucial decisions. This is the reason why it needs to keep its fleet at its current size or expand it. In cases of expanding the fleet, the decision has to be made as to whether the new ship should be acquired through bidding in an auction or ordering new ships to be constructed. In this experiment, the focus is on selling the fish cash at $ 20 per fish. The main expenses incurred were from buying ships from auctions and ordering the construction of new ones. The company also operated a shipping fleet in the different fishing areas which required additional maintenance costs. The ship sent to the deep sea made considerably greater returns in terms of the size of the fish caught compared to the coastal bank. The company ensured that it made great profits by maintaining low initial bank balances. From the decision sheet provided, it can be observed that the number of ships that remained in the harbour was higher than the number of ships sent into the deep sea or the coastal harbour. This shows that the company was not able to utilize its resources fully to get the maximum assets. At one point, there was only one ship sent to the deep sea while the rest 18 were at the harbour. This ensured that it got a great fish catch by maximally utilizing the existing resources. The great catch was also a result of the fishing area being highly productive since they have not been overharvested.

The experiment was not able to achieve its main aim which was to get the greatest asset or profit from this game. This is because although the company acquired several ships, most of them were left lying idle at the harbour and did not contribute anything. This then implies that the company could have been better off with s smaller ship fleet that was fully utilized in fishing.