Freeway capacity, saturation flow and the car following behavioural algorithm of the VISSIM microsimulation software Freeway capacity, saturation flow and the car following behavioural algorithm of the VISSIM microsimulation software Julian Laufer Maunsell Australia, Sydney, NSW, Australia 1 Introduction Freeways represent the best example of an unconstrained traffic flow system with high speed operations, limited access and egress opportunities and few factors to inhibit traffic flow
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| Supply and Demand Simulation Nivea E. Martinez Ramirez University of Phoenix ECO/365 Principles of Microeconomics April 1st, 2014 Professor Evaristo Medina-Irizarry The assignment will analyze and summarize the Supply and Demand simulation from the student website. The purpose is to recognize two microeconomic and two macroeconomic principles included in the simulation and to explain why these principles are categorized as macroeconomic or microeconomic. The paper will also identify
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EXECUTIVE SUMMARY The Everest group simulation was an exercise which encouraged five students to play a unique and vital role on a team of hikers, attempting to reach the summit of Mount Everest. The simulation powerfully encapsulated the concepts and theories learnt in this course, illustrating the power of groups. The purpose of this report is to reflect on the experiences encountered during the Everest team experience and identify how these experiences related to the course. It comprises of
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In the last three weeks we ran a marketing simulation software called Markstrat for ten years period and achieved better understanding of marketing factors based on the analysis of the decisions we made and results we received. This report will firstly provide a brief description of general performance of our company in ten years time and then analysis the decisions made based on various theory frameworks. Finally, key learnings gained from the simulation will be suggested and further discussion will
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Principles of Microeconomics ECO/365 December 17, 2015 Robert Dratwa In this simulation several scenario were presented. It was the student’s responsibility to use the information learned from assigned reading material to apply the learned concepts to make the correct decisions. The housing market in Atlantis comprises of both detached homes and apartments. The simulation explains the supply and demand of 2 bedroom rental apartments in Atlantis. The three subjects demand curve, the supply
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focused on efficiency and economic of scales. Just like the example provided by Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as possible. This is causing for executives not leave any room for unpredicted changes limiting the company’s ability to respond to customer’s changing needs. 2. An organization that has been successful in the global marketplace using virtual teams and the best practices it used (as discussed in Chapter 7 of Business Agility:
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‘accounting risk’ and economic risk and differentiate between them. Interest rate risk is the risk where changes in market interest rates affect a bank’s financial position. Changes in interest rates impact a bank’s earnings (i.e. reported profits) through changes in its Net Interest Income (NII). Changes in interest rates also impact a bank’s Market Value of Equity (MVE) or Net Worth through changes in the economic value of its rate sensitive assets, liabilities and off-balance sheet positions. The
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Thinking Critically Simulation Thinking Critically Simulation Several problem evaluation tools and techniques were encountered in the simulation. As each team member completed the simulation, each was able to understand the differences of the tools and techniques that were used, and how they were applied. Discussed here are how these techniques assisted with the evaluations of decision-making processes and outcomes. Further, each team member was able to understand the outcomes that were
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A1. Explain how you determined your product design decisions in the simulation The market research provided was very beneficial in determining product designs in the simulation. Each customer had wants and needs. I took those needs based on importance to the customer and used that to create the ideal product for them. I tried to create names for the products based on the type of computer that each customer was looking for. For example, Mercedes wanted overall a Fast and Powerful computer so I decided
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Supply and Demand Simulation “Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy.” (Heakal, 2015). Businesses today need to pay close attention to the market and the supply and demand curves to stay ahead of their competition. By watching the prices of goods and services a business can attain profits and know how to lay out their business goals. The simulation of the Good Life Management Company is a property management firm
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