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Using MANECSIM as a Simulation for Agribusiness Capstone Courses
Author(s) -
Arellano Fernando,
Hine Susan,
Thilmany Dawn D.
Publication year - 2001
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/1058-7195.00060
Subject(s) - agribusiness , capstone , engineering management , business , computer science , agricultural science , agriculture , engineering , environmental science , geography , computer security , archaeology
MANECSIM is a business simulation especially developed for use in economic‐based management classes. Students are put in charge of a firm and must make periodic managerial decisions in the areas of marketing, production, and finance in an environment in which economic conditions and competing firms influence the firm's performance. MANECSIM allows students to apply concepts and techniques learned about demand, forecasting, production, cost analyses, and financial planning‐all major topics in agribusiness programs. The simulation offers an alternative to traditional case studies providing students with a “real‐life” decision‐making experience.