1B Introduction to Fish Banks, Ltd. Criterion of Success Financial Information Changes in Fish and Ships Initial Conditions Materials Steps of Play Fish.

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Presentation transcript:

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

2B Criterion of Success Maximum possible assets at the end of the game. ASSETS = BANK BALANCE SHIPS’ SALVAGE VALUE + $ $ $ Fish Banks, Ltd. © 2001 Dennis L. Meadows

3B Profit Profit = Income - Expenses Fish Banks, Ltd. © 2001 Dennis L. Meadows SHIP AUCTIONS & TRADE PURCHASES NEW SHIP ORDERS INTEREST CHARGES HARBOR & OPERATING COSTS INTEREST EARNINGS SHIP TRADE SALES FISH SALES

4B Income Negotiated Price 10% if Minimum Balance is greater than zero Catch x Price ($20 per fish) Fish Banks, Ltd. © 2001 Dennis L. Meadows

5B Expenses Harbor: $50/ship-year Coastal Fishery: $150/ship-year Deep Sea Fishery: $250/ship-year New Ships: $300 each (charged current year but delivered following year) Auction: Highest Bid Trade: Negotiated Price 15% if Minimum Balance is less than zero. Fish Banks, Ltd. © 2001 Dennis L. Meadows

6B Profit Example 1 Ship to Deep SeaFish Sales = 25 x $20$500 Operating Cost-250 Deep Sea Subtotal$250 1 Ship to CoastalFish Sales = 15 x $20$300 Operating Cost-150 Coastal Subtotal$150 1 Ship to HarborFish Sales $0 Operating Cost-50 Harbor Subtotal-$50 Profit from 3 Ships$350 Fish Banks, Ltd. © 2001 Dennis L. Meadows

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

8B Sequence of Debits and Credits Fish Banks, Ltd. © 2001 Dennis L. Meadows

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

10B Catch Fish Banks, Ltd. © 2001 Dennis L. Meadows Catch influenced by: Number of Ships Ship Effectiveness Weather

11B Ship Effectiveness 25 Fish Banks, Ltd. © 2001 Dennis L. Meadows

12B Fishing Areas Deep Sea Fishery Maximum Population: Fish Annual Operating Cost: $250 per Ship-Year Productivity (Normal Ship Effectiveness): 25 Fish per Ship-Year Coastal Fishery Maximum Population: Fish Annual Operating Cost: $150 per Ship-Year Productivity (Normal Ship Effectiveness) 15 Fish per Ship-Year Fish Banks, Ltd. © 2001 Dennis L. Meadows

13B Regeneration of Fish Fish Banks, Ltd. © 2001 Dennis L. Meadows

14B Recent History of the Fisheries Fish Banks, Ltd. © 2001 Dennis L. Meadows

15B Game Board Fish Banks, Ltd. © 2001 Dennis L. Meadows

16B Decision Sheet Fish Banks, Ltd. © 2001 Dennis L. Meadows

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