Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Simulation - Essay Example

Comments (0) Cite this document
In order to properly manage these activities companies many times formulated project teams. Project management is an organizational management system that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
Read TextPreview

Extract of sample "Simulation"

Download file to see previous pages This paper summarizes the simulation and provides analysis of project management concepts and applications.
The simulation showcased a company called the Huduma Foundation whose goal is to preserve wildlife by rescuing and rehabilitating wild life in the national parks of Kandivar. During the simulation the project at hand require the transfer of eight elephants from one park to another. The application of sound project management techniques enabled the managers the ability to complete the projects and deal with different contingencies that turn up during the course of business. I learned that its is essential to have a plan of action in place at all stages of the project in which the risk and benefits associated with the event are considered. During the second stage of the simulation the project manager was faced with different alternative solutions to deal with a problem concerning the transfer of the elephants. As the PM was evaluating the different options new information was provided concerning the availability of military assistance. The new contingency created a new path that allowed for an optimal solution. A project manager always has to stay analyzed all information and react to any new trends that can affect project implementation.
During the course of the simulation the concepts of project management guided the Huduma team by providing a sound plan to complete the mission. The advantages of project management techniques included having an actual plan that provides both pros and cons of each alternative route. This plan must considered both risk and time as critical success factors. The risk must be minimized, while the time schedule must be optimize in order to meet the deadlines. When choosing between risk and time a project manager should prioritize the minimization of risk over time constraints since risk that cause a project to ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Simulation Essay Example | Topics and Well Written Essays - 1000 words - 2”, n.d.)
Simulation Essay Example | Topics and Well Written Essays - 1000 words - 2. Retrieved from
(Simulation Essay Example | Topics and Well Written Essays - 1000 Words - 2)
Simulation Essay Example | Topics and Well Written Essays - 1000 Words - 2.
“Simulation Essay Example | Topics and Well Written Essays - 1000 Words - 2”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Business simulation

...? Currently, Computer Sales of Birmingham, UK offers limited products for sale, such as personal desktop computers and accessories. The business currently offers desktop models only, of two different brands. Being located near Birmingham City University, University of Birmingham and Aston University, most of the Customers Computer Sales currently serves are college students, though occasionally University professors and faculty use the services as well. The few business customers that have utilised the computer sales shop include nearby retailers, such as an antiques shop, a pub and a small cafe. Computer Sales would like to expand its product offering, to include laptops, notebooks and customization options. Computer Repair... Currently,...
6 Pages(1500 words)Assignment

Management Simulation

... Management Simulation Political Political factors have a huge impact on different marketing decisions. The laws regulating businesses have increases and have become stricter in the recent years. A major development is that of introduction and the recent increase from 17.5% to 20% in the Goods and Service Tax[Bri10]. This has caused an increase the overall prices of food especially food served in food outlets. Hence there is increased pressure on food outlets to provide quality food along with excellent service so that customers can distinguish home from restaurant and justify the high prices they have to pay for eating out. Another factor that affects the food industry is that of the law stating that food items using any genetically...
7 Pages(1750 words)Assignment


...project and may bring the entire business to a standstill because the new operation was not tested beforehand. For any kind of simulation, a different model has to be developed. There are two such models, namely, Agent based simulation and Monte Carlo simulation. In this paper, an attempt has been made to review to scholarly articles where the above mentioned simulations have been applied in real life situations. For agent based simulation, a case study of non-pharmaceutical strategies to combat influenza has been selected. For Monte Carlo simulation, improving the reliability and performance of the transportation network of Istanbul...
4 Pages(1000 words)Essay

Management Simulation

...?Management simulation Section A Key aspects of marketing, operations, human resource and finance that may have to the Health-in-Pizza Ltd.’s performance Implementing a recent innovation in preparing the enterprise’s pizza is a major aspect of marketing and operations in the case. Marketing aspects are most identifiable from their scope that establishes a basis for selling an entity’s products. Using innovation, together with its positive effects on people’s health, identifies the proprietors’ intention to influence the target market from the competitors’ products that would seem unhealthy compared to Health-in-Pizza Ltd.’s pizza. Aspects of sales are also evident in the ingredients that the entity uses to make its pizza... simulation Section ...
3 Pages(750 words)Essay

Marketing Simulation

...Marketing Simulation for Round 5 Company Analysis at the end of Round Five Market Outlook The market for smart phones is shrinking gradually due to the increase in the number of smart phone makers in the market. Most of the companies are targeting the high-end segment of the market i.e. high-end companies and households while concentrating less on the lower end segment. This is the main reason for the shrinking market share in the market since most smart phone users originate from this segment of the market. This therefore means that there is potential in the lower-end segment, which can be exploited especially in the Asian market. Advertising remains a key tool of reaching the consumers in all segments. Research indicates that most...
5 Pages(1250 words)Research Paper

Simulation technology

..., and with right form of technology to explore how their plans would operate actually prior to making final judgments. Practically, simulation technology also lets corporations to foresee the unseen. It also lets organization to identify and prioritize corrective action that will create a real imperative to a development in conjunction with actual results that reveals worth of the business (Durlach & Anne 1995). Organizations - in both public and private sectors - have long used such tools for good management science to trim down stupidities and put cost outside of business practices. But regardless of that - and regardless of the huge investment in technology sector that has been made over the past fifty years or so - there is undoubtedly...
6 Pages(1500 words)Essay

Workplace simulation

... dissemination of info to employees on the various company issues such as company mission and goals, product information, research summaries and so on (Walter, 1998) This system is state of the art and it will eliminate costs associated with printing, paper work and opportunity cost of real time information by employees. Workplace Simulation Project Final Documents Application architecture involves information technology environment, information toolkits, system description and Information architecture. The system used by Riordan manufacturing inc. is described below: Information technology environment Riordan manufacturing has adapted many information processes. The information processes adapted by this company include internet research...
9 Pages(2250 words)Essay


...). There is another category of costing referred to as mixed cost, and this is a form that contains elements of both fixed and variable costs. The most classical examples are bills that contain a line rent (fixed part) and a unit based rental (variable part). The analyses of all these costs are done for Aunt Connie's Cookies, using simulation that gave a clear picture of what is illustrated as above in the assignment. References Attacking business decision problems with break-even analysis. (2005). Retrieved November 1, 2009, from Costs. (2005). Retrieved November 1, 2009, from Marshall, D. H., McManus, W.W. & Viele, D. F. (2004). Accounting: What do the...
3 Pages(750 words)Essay

Budget Simulation

...BUDGET SIMULATION Introduction Government spending entails all government investments, consumption, and excludes payments transfers made by any state. State’s acquisition of services and products with the aim of usage in direct satisfaction of individuals or other collective needs of community members is referred as State final consumption expenditures. The government acquires these goods and services with the aim of creating future benefits. Such benefits include research findings, investments, education, among others. This spending is grouped into two: mandatory and discretionary. Mandatory spending incorporate all authorized spending by any State’s legislation (parliament) while discretionary spending includes all others government...
2 Pages(500 words)Assignment

Finance simulation

...high and can be upgraded upon its expiry. The X-ray machine was purchased through a capital lease since the machines productive life is 15 years that is comparatively high. The US machine was acquired through an operating lease since the option offers low installments payment, upgrading option, and lower upfront payment. Productivity of the assets was perceived to be more important than ownership. Extension option The HUD 242 proved to be better than all the other strategies and was, therefore, chosen. It offered a greater NPV. The simulation indicates that despite the higher insurance cost of HUD 242, the uncertainties associated with the investment are minimal and suitable for the project. A cost-benefit analysis further proved that...
2 Pages(500 words)Research Paper

Simulation Modeling

A breath of fresh air, adequate sunlight and a good view has been proven to have an effect on fast recuperation. A relaxing environment contributes to the well-being of a patient.

Food – An External Caterer seemed to be a wiser alternative compared to an internal facility. An internal facility seemed too luxurious and could probably promote patients not eating on time. Aside from being less expensive, an external caterer would make the dining area more spacious. A larger eating area can house more patients so that they could eat together and thus promote interaction among one another. In the case of patients getting hungry between meals, the center still offers a facility for cooking light refreshments.

7 Pages(1750 words)Case Study

Numerical Modelling - Systems Simulation

...-direction. Reaction forces on the first node were only half as large. References Crocombe, Andrew. "Computational Fluid Dynamics." PowerPoint presentation for SE5305 Systems Modelling and Simulation. Crocombe, Andrew. "Introduction to FEA." PowerPoint presentation for SE5305 Systems Modelling and Simulation. Steif, Paul S. “Introduction to CMU Mini-FEA.” Retrieved 27 Apr 2007 from Techplot, Inc. "Techplot 360: The Complete CFD Visualization Tool." Retrieved 27 Apr 2007 from “The FElt Home Page.” Retrieved 27 Apr 2007 from
11 Pages(2750 words)Case Study

Supply Chain Network Framework Simulation

... transportation, usually Supply chain modelling approaches are used. There are mainly three modelling approaches – network design, rough-cut methods and simulation methods. Network design models cover the location, production, inventory and transportation decisions and helps in the designing aspect of the supply chain like establishing the network and the associated flows on them. Rough cut method help in developing guiding policies for the operational decision. In the simulation method, which study and analyze the comprehensive supply chain helps in taking both operational and strategic decisions Simulation model only evaluates the effectiveness of the existing policy thus answering the traditional question of What If versus What’s Best...
43 Pages(10750 words)Research Paper

Arena Simulation Software

...used to demonstrate, measure, and predict system strategies for effective, efficient and optimized performance. The software helps analyze “what-if” business ideas, rules and strategies before live implementation without disruptions in service. Arena helps improve the life cycle of business performance. The software allows the user develop simple, well-animated, high-level models including advanced modeling and analysis. Statistical design and analysis of simulation experiments have been integrated with the modeling (Rockwell Automation, 2009). An Arena window allows opening a model and interaction with components of the window. Applications of Arena include manufacturing; scheduling and inventory; staffing and personal-service...
12 Pages(3000 words)Case Study

Business Simulation Game Analyzing Heritage Tavern Company

... Business Simulation a) Presentation of the objectives and strategy of the company: Our newly formed company is “Heritage Tavern”. Heritage Tavern will own and operate heritage bed & breakfast hotels in major historical cities of Europe. In the first phase two hotels will be opened. The first one will be in London; the second one will be in Switzerland. The hotels will be housed in properties that are at least more than a century old. The main objectives of our company, “Heritage Tavern” will be: 1) To successfully start and operate the first two properties that will come up in Switzerland and London. 2) To create maximum satisfaction for our customers. 3) To achieve cost leadership in our segment...
6 Pages(1500 words)Coursework

Background and Definition of Genre Simulation

... and the states of affair, they are far much from being real but simply imitates the states of affair. Simulation genre are therefore created with the sole objective to put the game players in control of a certain state of an affair or any other activity while making it as reality as possible (Devitt, 2004). The most important thing to note is that the simulation genre only includes games that mainly focus on imitating the real life situation or activities. The most outstanding games creator known as Will Wright acknowledges the influence of social media like films, movies and a little computer tricks into his games creation .he released several games including animal crossing, commodore and many other hot games. His success into the world...
6 Pages(1500 words)Assignment

Project Risk Strategies: Monte Carlo Simulation

.... It can also be carried out by a sensitivity analysis. This involves using the model to identify risk with a greater impact on the project. The other alternative is using a simulation technique to carry out a quantitative risk analysis. In this case, a project model is set up to translate the uncertainties identified and their risks on the project objective. A simulation uses probability distributions and what is referred to as a Monte Carlo analysis (Kloppenborg, 2012). All this is logged into the risk register. Plan Risk Responses Identification and analysis of risks is followed by coming up with ways of handling each risk identified (Kloppenborg, 2012). This is defined as the plan risk responses. The project team is to get creative when...
6 Pages(1500 words)Coursework

Mega Business Simulation Undertaken by My Team

...’ age of the team formation. This stage is supported by Tucker’s theory. Tucker’s theory indicates that there is a process of joining a team which involves getting to know the members and start to open up to each other. A mid the confusion I had to face the reality because the game had officially started. I must confess at a personal level I was confused because I had no idea about how to play the simulation as I was doing such a project for the first time. I was a bit lucky though because the rest of the group got the point from the very beginning and they helped me get into the mood quickly and effectively. The effect of the meeting we had before the game officially started manifested itself through communication. Notably, communication...
7 Pages(1750 words)Coursework

Management of Change Business Simulation

... employees and reduce communication gaps 13 Quick response to the changes required 13 Recommendations 13 Conclusion 14 List of References 16 Management of Change business simulation Introduction The paper discusses the competencies that were experienced due to the change in management of the organization. Organization change is also discussed in academic writings. These writings would be helpful in relating to the personally experienced competencies while working in the changed management within the organization. The issues will be discussed in the paper regarding the implementation and consequences of change in the organization. The change in management is attributed to risks, opportunities and responses towards...
13 Pages(3250 words)Assignment

Business Negotiation Simulation and Teaching Notes

...and focus on making the most favorable outcome. Therefore, a mediator should take into consideration the negotiation style that will deliver a fair outcome. 5. What types of mediation styles would be suited to this simulation and why? The best mediation style is chosen depending on the conflict as well as the types of individuals taking part in the negotiation. Therefore, the mediator should make sure that they understand the kind of issues they are being faced with. Therefore, as a mediator one should make sure that they provide directions laying grounds towards an amicable settlement. This means that the mediator should be competent on the laws in the industry, as well as, other aspects that will ensure smooth...
15 Pages(3750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Simulation for FREE!

Contact Us