Learning Lab Applications

The Learning Lab has created approximately 30 applications for a broad range of business classes in the following subject areas:

• • Economics
  • Business Evolution
  • Fare Game
  • MacroSim
  • Power Play
• • Finance
  • BABbLe
  • Backtester
  • Horizon
  • IEMAV
  • OTIS
  • VIBE
  • WSX
  • YouSolve
• • Legal Studies & Management
  • GIST
  • Innovation Toolkit
  • RAISE
  • Tragedy of the Tuna
• • Management
  • Images of Leadership
• • Marketing
  • FutureView
  • Market Magic
  • MarketSpace
  • Marketing Math
  • Quake
  • RATE
  • Rules of Engagement
  • vForum
• • Operations & Information   Management
  • OPEQ »
  • PLAnT
  • VASE

OPEQ

Faculty Author:  Maurice E. Schweitzer

Students represent oil-producing countries and try to maximize profits by setting prices and production levels

• About OPEQ
• More Details
• User Interface
• Administrative Tools

The OPEQ user interface contains a number of features to help student teams make production decisions in their roles as oil-producing countries.

• The 'Current Information' area displays the data from previous rounds - here teams can see how much oil their competitors produced, how much profit they made, and what the price per barrel was.
• The 'Demand Curve' graph plots total world output and price per barrel for all previous years.
• The 'Profit Analysis' chart graphically displays the country's profit and the total world profit for all previous years.
• Based on this historical information, teams enter their country's output for the upcoming year in the 'Future Production' area.
• Messages from the game administrator can be displayed in the 'Messages' area.