1b introduction to fish banks, ltd. criterion of success financial information changes in fish and...

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

Criterion of Success

Maximum possible assets at the end of the game.

ASSETS =

BANK BALANCESHIPS’ SALVAGE

VALUE

+$ $ $


3B

Profit

Profit = Income - Expenses


SHIP AUCTIONS & TRADE PURCHASES

NEW SHIPORDERS

INTERESTCHARGES

HARBOR &OPERATINGCOSTS INTEREST

EARNINGS

SHIPTRADESALES

FISHSALES

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


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


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


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.


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.

Ba

nk

Ba

lan

ce

+

–


9B

Fishing Fleet

• Initial Size

• Enlarging- Auction- Trade- Construction

• Reducing- Trade

White = 1 Ship

Red = 5 Ships Yellow = 10 Ships


10B

Catch


Catch influenced by:

• Number of Ships• Ship

Effectiveness• Weather

11B

Ship Effectiveness

FISH DENSITY

0

0

MAXIMUM

SHIP EFFECTIVENESS (FISH PER SHIP

PER YEAR)15

25

COASTAL

DEEP SEA25


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


13B

Regeneration of Fish


14B

Recent History of the Fisheries

YEAR

CATCH

SHIPS

RECENT HISTORY OF THE FISHERIES

PRESENT


15B

Game Board


16B

Decision Sheet


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.


1b introduction to fish banks, ltd. criterion of success financial information changes in fish and...

Documents

shipyear fish banks

ships fish banks

meadows slide

b ship effectiveness

credits fish banks

fisheries fish banks

b ship salvage value

b decision sheet fish