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Mini Sims are simple simulations/tools of everyday business activities that can be used to apply business concepts. They are meant to be used as tools, in or out of the classroom environment, for learners to practice their business decision-making skills.
Financial Sim
This application is both an Accounting Tool and a Simulation. It shows the relationships and integration between the Financial Statements.
Firstly, it uses color coding and graphics to show the interactive nature between suchtransactions as sales, purchasing, borrowing, investing and stock decisions.
Secondly, it simulates 12 quarters of basic business operation and presents the outcomes through the 'eyes' of the Financial Statements.
Business Sim
This simulation teaches the relationships between several Business Decision variables in a typical manufacturing business environment. It simulates 12 quarters of business operation. Accrual accounting methods are used.
Each period an Integrated Financial Statement report is provided.
CVPA Sim
This application is both a Business Tool and a Simulation. It shows the relationships between the basic business variables of cost, volume and profit. Firstly, a Break Even chart and Normal Distribution graph are used to show the interactive nature between these variables.
Secondly, the application simulates 40 randomly generated demand values and displays the results in tabular form.
The goal of this application is to help business learners understandbasic cost-volume-profit calculations.
MRP
This simple Operations Management tool is designed to introduce MRP business processes. The model in this example is that of a small Table with five parts.
Each part's current inventory and delivery lead time can be changed. A master schedule covering 7 future periods is available. Future parts delivery is also an input. The goalof this tool is to help business learners understand basic MRP calculations.
CPM
This Project Management tool teaches the relationships between activities in a project. It calculates the critical path and time for the given network (project). Activity times and costs can be changed to examine their effects on the project.
The Crash Sequence Report is used to display how the network could be reduced one step at a time. |