Food Truck Simulation: Lessons Learnt

Within the meals truck problem, you are attempting to run a profitable meals enterprise within the metropolis of Boomtown and win the ‘Food truck Problem’. You play 5 rounds whole. In every spherical, you make selections about the place to park (location) and what menu merchandise to supply in hopes of discovering the perfect menu-location mixture and yielding the best gross sales. Primarily based on preliminary market knowledge, it’s important to resolve whether or not to a) go to scale immediately with the meals truck b) conduct additional analysis and Assessment, or c) experiment with a low-capacity pushcart. Reply the next questions primarily based in your expertise with the problem. Restrict your responses to three double spaced pages.

Q1. In your preliminary decisions with the ‘Food truck problem’, did you a) go to scale immediately with the meals truck b) conduct additional analysis and Assessment, or c) experiment with a low-capacity pushcart? Clarify the reasoning behind your selection.

Q2. How did you assess market suggestions? Did you modify your decisions because the simulation went on?

Q3. Which technique dominated the successful technique in our class for the ‘Food truck problem’, primarily based on the ultimate leaderboard you noticed? Why do you assume this was the case?

This autumn. Should you may do over the simulation for a longtime market (as a substitute of a dynamic and altering Boomtown), what (if something) would you do in a different way?

Q5. Determine and clarify two key classes you gleaned from this train

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