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ERIC Number: ED082468
Record Type: Non-Journal
Publication Date: 1973-Jun
Pages: 3
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Undergraduate Student Task Group Approach to Complex Problem Solving Employing Computer Programming.
Brooks, LeRoy D.
A project formulated a computer simulation game for use as an instructional device to improve financial decision making. The author constructed a hypothetical firm, specifying its environment, variables, and a maximization problem. Students, assisted by a professor and computer consultants and having access to B5500 and B6700 facilities, held 16 three-hour meetings to write a computer program for finance decision-making simulation game. Task forces were established to investigate information requirements for the program and to write in FORTRAN the necessary statements. The completed program ran under 900 cards, was compiled on a B6700 in .2 minutes, and required .02 minutes to simulate a firm's decisions. Up to 99 firms could be included for 40 periods of play. Participants could make decision inputs on 11 variables such as loan acquisition, debt retirement, etc., and balance sheets and income and other statements were output to enable decision-making. The program enhanced the decision-making abilities of the players and the project also provided useful training for the designers. They were well motivated, and the goal-centered activity gave them practical experience in the application of theoretical skills and techniques. (PB)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Delaware Univ., Newark. School of Business and Economics.