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Simulation as a pedagogical tool for managerial decision-making in a transition economy

Author

Listed:
  • D L Olson

    (University of Nebraska)

  • M F Shipley

    (University of Houston-Downtown)

  • M Johnson

    (University of Houston-Downtown)

  • P Dimitrova

    (Institute of Economics, Bulgarian Academy of Sciences)

  • I Marchevski

    (Tsenov Academy of Economics)

  • I Stoykov

    (Institute of Economics, Bulgarian Academy of Sciences)

  • N Yankov

    (Tsenov Academy of Economics)

Abstract

Eastern European countries are undergoing a transition from centralized economic planning to more open economic systems. A team of Bulgarian and US researchers collaborated to study this problem, using a Bulgarian winery as the focus of their research. The study resulted in development of a business simulation of the winery, with the purpose of generating a pedagogical tool for knowledge acquisition by winery management as well as Bulgarian business students. This paper discusses the concept of simulation as a pedagogical tool, outlines the purposes of this simulation, reviews the development of this model using soft systems approaches, and suggests its applicability for any pedagogical learning situation but more specifically to the general operations of the firm at the microeconomic level of decision-making.

Suggested Citation

  • D L Olson & M F Shipley & M Johnson & P Dimitrova & I Marchevski & I Stoykov & N Yankov, 2006. "Simulation as a pedagogical tool for managerial decision-making in a transition economy," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(9), pages 1019-1026, September.
    • Handle: RePEc:pal:jorsoc:v:57:y:2006:i:9:d:10.1057_palgrave.jors.2602084
    DOI: 10.1057/palgrave.jors.2602084
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    References listed on IDEAS

    as
    1. Ormerod, RJ, 1998. "Putting Soft OR Methods to Work: Information Systems Strategy Development at Palabora," Omega, Elsevier, vol. 26(1), pages 75-98, February.
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