This article presents a 25-year historical review of algorithm development for computerized business simulations. The articles selected were drawn extensively from the annual proceedings of the Association for Business Simulation and Experiential Learning (ABSEL) conferences. The authors have categorized the historical review into two broad areas: functional business topics and special topics of interest. Both narrative and summary tables address marketing, accounting, finance, human resource, and production/ operations areas. The special topics of interest reviewed include the algorithms for quality and the time-based modeling concerns. The authors conclude the review with issues future modelers of business games should consider.
AIRLINE: Astrategic management simulation. Smith, J. R.,& Golden, P. A. (1994). Englewood Cliffs, NJ: Prentice Hall.
2.
Alston, R. M.
, & Chi, W. F. (1988). Multiple objectives in the development of the Gordon Macro Game. ABSEL: Insights Into Experiential Pedagogy, 15, 46-49.
3.
Arellano, F. E.
,& Hopkins, W. E. (1992). Modeling economic environments in business simulations: Some comparisons and recommendations. ABSEL: Insights Into Experiential Pedagogy, 19, 7-10.
4.
BULOGA II. Ladd, C., & Beier, F. J. (n.d.). Minneapolis: Graduate School of Business Management, University of Minnesota.
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Burgess, T. F.
(1995). Cycle time, decisions, and complexity in business simulation/games. Simulation & Gaming: An Interdisciplinary Journal, 26, 376-383.
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Cannon, H. M.
, Leckenby, J. D., & Abernethy, A. M. (1996). Modeling advertising media effectiveness. ABSEL: Insights Into Experiential Pedagogy, 24, 1-7.
8.
Cannon, H. M.
, & Ternan, A. (1997). Contextually-anchored business simulations. ABSEL: Insights Into Experiential Pedagogy, 24, 322-328.
9.
Carvalho, G. F.
(1991). Theoretical derivation of a market demand function for business simulators. ABSEL: Insights Into Experiential Pedagogy, 18, 11-15.
10.
Carvalho, G. F.
(1992). Anewmarket demand model for business simulations. ABSEL: Insights Into Experiential Pedagogy, 19, 39-43.
11.
Carvalho, G. F.
(1993). A dynamic market share allocation model for computerized business simulations. ABSEL: Insights Into Experiential Pedagogy, 20, 31-33.
12.
Carvalho, G. F.
(1995a). Modeling the law of demand in business simulators. Simulation & Gaming: An Interdisciplinary Journal, 26, 60-79.
13.
Carvalho, G. F.
(1995b). Should business simulation designers be constrained by conventional economic wisdom? A reply to Gold and Pray. Simulation & Gaming: An Interdisciplinary Journal, 26, 88-91.
14.
Chiesel, N. E.
(1979). The dynamic aspects of interactive gaming puts the realism into gaming. ABSEL: Insights Into Experiential Pedagogy, 6, 271-275.
15.
Chiesel, N. E.
(1985). A Monte-Carlo approach to interactive gaming. ABSEL: Insights Into Experiential Pedagogy, 12, 78-81.
16.
Chiesel, N. E.
(1986). Simulation with discrete and continuous mathematical modeling. ABSEL: Insights Into Experiential Pedagogy, 13, 244-247.
17.
Chiesel, N. E.
(1987). The use of a simple forecasting technique during an interactive computerized business game. ABSEL: Insights Into Experiential Pedagogy, 14, 39-42.
18.
CORPORATION: A global business simulation. Smith, J. R., & Golden, P. A. (1999). Englewood Cliffs, NJ: Prentice Hall.
19.
Decker, R.
, LaBarre, J.,& Adler, T. (1987). The exponential logarithm function as an algorithm for business simulation. ABSEL: Insights Into Experiential Pedagogy, 14, 47-49.
20.
Faria, A. J.
, & Dickinson, J. R. (1987). LAPTOP: A principles of marketing simulation. ABSEL: Insights Into Experiential Pedagogy, 14, 53-55.
21.
Frazer, R. J.
(1983). Bankrupt: Adeceptively simple business strategy game. ABSEL: Developments in Business Simulation & Experiential Exercises, 10, 98-100.
22.
Frazer, R. J.
(1984). QCLAB: A microcomputer laboratory in quality control. ABSEL: Developments in Business Simulation & Experiential Exercises, 11, 194-197.
23.
Frazer, R. J.
(1986). Simulation—Indoctrination or learning. ABSEL: Insights Into Experiential Pedagogy, 13, 108-109.
24.
Frazer, R. J.
, & Bommer, M.R.W. (1979). Administration and design of simulations materials for a specialized management training program. ABSEL: Insights Into Experiential Pedagogy, 6, 93-95.
25.
Fuhs, F. P.
(1985). A simulation model to calculate session time for running simulation models in a shared resource environment. ABSEL: Insights Into Experiential Pedagogy, 12, 184-188.
26.
THE GLOBAL BUSINESS GAME: Astrategic management and international business simulation. Wolfe, J. (2000). Cincinnati, OH: South-Western.
27.
Gold, S. C.
(1990). Modeling cost functions in computerized business simulations: Anapplication of duality theory and Sheppard’s lemma. ABSEL: Insights Into Experiential Pedagogy, 17, 70-72.
28.
Gold, S. C.
(1991). Modeling short-run cost and productions functions using Sheppard’s lemma in computerized business simulations. ABSEL: Insights Into Experiential Pedagogy, 18, 33-37.
29.
Gold, S. C.
(1992). Modeling short-run cost and production functions in computerized business simulations. Simulation & Gaming: An Interdisciplinary Journal, 23, 417-430.
30.
Gold, S. C.
(1993a). Modeling interactive effects in mathematical functions for business simulations: A Critique of Goosen’s interpolation approach. ABSEL: Insights Into Experiential Pedagogy, 20, 54-55.
31.
Gold, S. C.
(1993b). Modeling interactive effects in mathematical functions for business simulations: Acritique of Goosen and Kusel’s interpolation approach. Simulation & Gaming: An Interdisciplinary Journal, 24, 90-94.
32.
Gold, S. C.
, & Pray, T. F. (1983). Modeling market and firm level demand functions in computerized business simulations. ABSEL: Developments in Business Simulation& Experiental Exercises, 10, 101-107.
33.
Gold, S. C.
,& Pray, T. F. (1984). Modeling non-price factors in the demand functions of computerized business simulations. ABSEL: Developments in Business Simulation& Experiential Exercises, 11, 240-243.
34.
Gold, S. C.
, & Pray, T. F. (1989). The production frontier-modeling production in computerized business simulations. ABSEL: Insights Into Experiential Pedagogy, 16, 24-30.
35.
Gold, S. C.
, & Pray, T. F. (1995). The use of the gamma probability distribution: A critique of Carvalho’s demand simulator. Simulation & Gaming: An Interdisciplinary Journal, 26, 80-87.
36.
Gold, S. C.
,& Pray, T. F. (1997). Modeling attributes in demand functions of computerized business simulations: An extension of Teach’s gravity flowalgorithm. ABSEL: Insights Into Experiential Pedagogy, 24, 132-141.
37.
Gold, S. C.
, & Pray, T. F. (1998). Technological change and intertemporal movements in consumer preferences in the design of computerized business simulations with market segmentation. ABSEL: Insights Into Experiential Pedagogy, 25, 156-167.
38.
Gold, S. C.
, Pray, T. F.,& Clarridge, S. L. (1985). Criticisms of the use of simulations in economics: Arebuttal. ABSEL: Insights Into Experiential Pedagogy, 12, 91-96.
39.
Golden, P. A.
(1987). Demand generation in a service industry simulation: An algorithmic paradox. ABSEL: Insights Into Experiential Pedagogy, 14, 67-70.
40.
Goosen, K. R.
(1986a). An analysis of ABSEL conference papers. ABSEL: Insights Into Experiential Pedagogy, 13, 97-101.
41.
Goosen, K. R.
(1986b). An interpolation approach to developing mathematical functions for business simulations. ABSEL: Insights Into Experiential Pedagogy, 13, 248-255.
42.
Goosen, K. R.
(1991). Increasing simulation realism through the modeling of step costs. ABSEL: Insights Into Experiential Pedagogy, 18, 38-43.
43.
Goosen, K. R.
(1993). Reducing the complexity of interactive variable modeling in business simulations through interpolation. ABSEL: Insights Into Experiential Pedagogy, 20, 56-61.
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Goosen, K. R.
(1998). Cash flow statements: Are they important in business simulations?ABSEL: Insights Into Experiential Pedagogy, 25, 244-252.
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Goosen, K. R.
, Foote, P.,& Terry, A. (1994). Increasing the effectiveness of performance evaluation through the design and development of realistic finance algorithms. ABSEL: Insights Into Experiential Pedagogy, 21, 63-67.
46.
Greenlaw, P. S.
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Horn, R. E.
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Hummel, J. W.
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INTOPIA: Executive guide. Thorelli, H. B., Graves, R. L., & Lopez, J.-C. (1995). Englewood Cliffs, NJ: Prentice Hall.
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Kilpatrick, B. G.
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51.
Lambert, N. E.
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MARKSTRAT2: The Strategic Marketing Simulation. Larreche, J.-C., & Gatignon, H. (1990). Cincinnati: South-Western.
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Mergen, A. E.
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