I. About the Competition
Business simulation is a worldwide popular business and management education model, and the most effective tool to help managers master managerial decision-making skills. Today, it is widely applied in economy, business operation, management and finance for summing up experience and adjusting strategy. Likewise, business simulation in the energy and electricity industry plays an irreplaceable, positive role in training future managers and leaders.
Shanghai University of Electric Power, the successful host of the 2019-2023 International Energy and Electricity Market Business Decision Simulation Competitions, intends for the event to promote large-scale, high-level and deep-level learning exchanges and cooperation, and pool up forces to create an open, inclusive, balanced and inclusive learning environment and cooperation framework. As the organizer of the 6th competition, our school decides to hold the intramural tryouts as part of its efforts to prepare for the 6th International Energy and Electricity Market Business Decision Simulation Competition.
II. Purposes
1. To provide an effective platform for our students to learn and communicate with each other, and equip them with insights into the importance of competition and cooperation
2. To engage the participants in mutual competition and learning, and help students develop their ability to apply relevant knowledge comprehensively and translate it into practice.
III. Content
The SimPower by CESIM is used as the competition platform. Each team consists of up to four players competing against its rivals in a common virtual marketplace. Each team, representing a company, is required to make decisions within a set deadline.
About the SimPower: The simulated source case reveals clearly the development trend of China's power generation industry. The participants are to manage a power company that generates electricity from coal, fuel and environmentally friendly energy. And the company has a fixed customer base, which includes industrial electricity users and residential electricity users. There will be price fluctuations in the market, and the company is to operate in regions subject to green environmental regulations and CO2 emission targets.
IV Schedule
Undergraduate students of good English expression ability in our school are to be grouped into teams consisting of 2-4 members.
Time for intramural tryouts: October 2024
Preliminary selection: Online selection through the SimPower; the system operation consists of 2 practice rounds and 7 official rounds, each round representing a fiscal year. The company is required to make marketing, purchasing, financial and risk management decisions based on conditions such as different market prospects given at each round. The decision cycle for each round is one to two days.
Based on the platform results, intramural tryouts will be hosted to select several students for the international competition.
V. Signing Up
Please send email to shiepcesim@126.com for signing up before September 30, 2024.
School of Economics and Management & International Exchange and Cooperation Office
