Crayfishing Simulation www.mathxtc.com. Crayfishing Simulation Objective: To make as much money as possible over 14 days. Start With: 2 plants (each plant.

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Presentation transcript:

Crayfishing Simulation

Crayfishing Simulation Objective: To make as much money as possible over 14 days. Start With: 2 plants (each plant cost $4500) 1 plant = 1 boat + 10 pots Bank Loan: $9500 from the Corcoran Bank (2 plants + $500 loan application fee)

Crayfishing Simulation Good Weather: $60 / pot Bad Weather: $20 / pot Good Weather: $200 / pot Bad Weather: $−50 / pot

Crayfishing Simulation Weather Die Same as day before Good Weather Bad Weather

Crayfishing Simulation Corcoran Bank Conditions, Fees and Charges Minimum repayments of $500 per day. Interest on loan is charged at 11% per day calculated in advance. Application fee of $500 applies to any loan. Assets (plants and bank balance) must be used or sold to meet the repayments. All plants to be sold at the end of 14 days. Each plant sells for $3000. Total assets = plants + bank balance.

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance ×1.11 =10545

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good10 × × 200 = 2600

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good  ×1.11 =10595

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good Good5 × × 200 = 3300

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good Good

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good Good  ×1.11 =8430

Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance Good Good

Crayfishing Simulation

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