Stimulation

Simulation Timeline for March and April This week you will make decisions for the months of March in the first part of the week and for April in the latter part of the week. We will do this from now on through Week 10, on the same schedule. In that students have time to make decisions AND review the reports they will have access to once February “ends”, this is the schedule we will follow for each week. Simulation Decision Sequence The following is the recommended decision sequence each student should be following. Make certain that on each decision page, you have clicked on the Update/Save button. Whatever decisions have been updated when the simulation is run will be used Reflect on two rounds of the simulation: One post about what you learned from the February round, and the other about what you learned from the March round. Requirements: 2 page Your instructor will notify you when the simulation has been run for February (sometime on Monday morning). Access the simulation on Monday after you have been notified that February has been run and review your performance reports. After reviewing the reports from the prior month, revise your strategy and enter March decisions by Thursday at 11:59PM Eastern. Make certain you submit your bid for the March RFP. Your instructor will cycle the game on Thursday morning and let you know when you may review your reports and begin April decisions. DO NOT begin to make decisions for April until your Instructor notifies you that it is OK to do so. After reviewing the reports from the prior month, revise your strategy and enter April decisions by Sunday at 11:59PM Eastern. Make certain you submit your bid for the April RFP. You must post TWO entries to your Simulation Performance Reflection Journal. This week, your posts will be about what you learned from February and March results, respectively (because you won’t yet have April results). Journal posts are due by Sunday at 11:59PM ET. Review the Information Tab to see if there is new information posted this month. If there is an RFP, complete and submit your bid using the “communicate” function in the simulation by the end of the current month (either Wednesday or Sunday). Review your historical reports, and use this information to develop changes to your strategies to improve your hotel’s performance. Complete the rooms occupied forecast. Complete and enter your rate decisions. Complete your decisions about Refurbishment, Services, and Facilities. Remember that you may only spend whatever funds are available in the FFE Reserve. Funds are added to this reserve each month based on your total revenue from the previous month. Complete your staffing, wage, and training decisions. Remember that your occupied rooms forecast must be completed and updated in the system BEFORE the staffing guide on the staffing tab will update. Complete your decisions on marketing and advertising. Pay close attention to the Market Momentum and spend index numbers to help guide your strategy. Your instructor will notify you when the simulation has been run for February (sometime on Monday morning).
Access the simulation on Monday after you have been notified that February has been run and review your performance reports.
After reviewing the reports from the prior month, revise your strategy and enter March decisions by Thursday at 11:59PM Eastern.
Make certain you submit your bid for the March RFP.
Your instructor will cycle the game on Thursday morning and let you know when you may review your reports and begin April decisions. DO NOT begin to make decisions for April until your Instructor notifies you that it is OK to do so.
After reviewing the reports from the prior month, revise your strategy and enter April decisions by Sunday at 11:59PM Eastern.
Make certain you submit your bid for the April RFP.
You must post TWO entries to your Simulation Performance Reflection Journal. This week, your posts will be about what you learned from February and March results, respectively (because you won’t yet have April results). Journal posts are due by Sunday at 11:59PM ET. Review the Information Tab to see if there is new information posted this month.
If there is an RFP, complete and submit your bid using the “communicate” function in the simulation by the end of the current month (either Wednesday or Sunday).
Review your historical reports, and use this information to develop changes to your strategies to improve your hotel’s performance.
Complete the rooms occupied forecast.
Complete and enter your rate decisions.
Complete your decisions about Refurbishment, Services, and Facilities. Remember that you may only spend whatever funds are available in the FFE Reserve. Funds are added to this reserve each month based on your total revenue from the previous month.
Complete your staffing, wage, and training decisions. Remember that your occupied rooms forecast must be completed and updated in the system BEFORE the staffing guide on the staffing tab will update.
Complete your decisions on marketing and advertising. Pay close attention to the Market Momentum and spend index numbers to help guide your strategy.