1b introduction to fish banks, ltd. criterion of success initial conditions financial information...

1B

Introduction to Fish Banks, Ltd.

• Criterion of Success• Initial Conditions• Financial Information• Changes in Fish and Ships• Steps of Play

Fish Banks, Ltd. © 2001 Dennis L. Meadows

2B

Game Board


3B

Criterion of Success

Criterion of Success

Maximum possible assets at the end of the game.

ASSETS =

BANK BALANCESHIPS’ SALVAGE

VALUE

+$ $ $


4B

Resources

• Initial Size of Fishing Fleet :4 ships


$ $ $ • Initial Size of Bank Balance: $ 800

5B

Profit

Profit = Income - Expenses


SHIP AUCTIONS

NEW SHIPORDERS

INTERESTCHARGES

HARBOR &OPERATINGCOSTS INTEREST

EARNINGS

SHIPS’ SALVAGE VALUE

FISHSALES

6B

Income

$100 per ship

10% if Minimum Balance is greater than zero

Catch x Price ($20 per fish)


Fish Sales

Interest Earnings

Ships’ Salvage Value

7B

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 Bid

15% if Minimum Balance is less than zero.


Harbor &Operating

Costs

Auction

InterestCharges

Con- struction

8B

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


9B

Ships

• Auctions: there will be 6 ships released each year for auction. Teams decide the biding price and number of ships. The auctioned ships will be allocated by the order of biding price from high to low, and they can be used immediately.

• Every year each team can choose to construct new ships at a fixed price of $300 per ship. The maximum number of ships each team can construct for each year is 5. The ships are picked up and paid for at the end of the year, so there is a one-year construction delay before the ships may be used.

• At the end of the game your ships will be sold. The ship salvage value is a constant set of $100 per ship.


10B

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, 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.

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11B

Catch


Catch influenced by:

• Number of Ships• Ship

Effectiveness• Weather

12B

Ship Effectiveness

FISH DENSITY

0

0

MAXIMUM

SHIP EFFECTIVENESS (FISH PER SHIP

PER YEAR)15

25

COASTAL

DEEP SEA25


13B

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


14B

Regeneration of Fish


15B

Participants’ Steps of Play

1. Receive and record table number on Decision Sheet.

2. Bid for auctioned ships.3. Place orders for new ship construction.4. Calculate and record fleet size.5. Allocate ships among fishing areas &

harbor and record decisions on Decision Sheet.

6. Give Decision Sheet to game operator.


1b introduction to fish banks, ltd. criterion of success initial conditions financial information...

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