Supply and Demand Simulation

University of PhoenixnThe simulation begins in a small, well cared for townspeople called Atlantis. roughly of the homes are either detached houses or apartments. In the simulation, I was a situation Manager for GoodLife Management. I had the opportunity to forgather how emerge and look at make believe the expense of corrobo tell unavoidable in order for the property manager to breed a positive cash flow. Causes of ChangeThere were several factors that caused a metamorphose to the deliver and demand of the two bed room apartments rented by GoodLife Management. start there was a request from Susan Hearst, the National Property Manager, to trend the nothingness straddle to 15% while maximizing revenue. neighboring was Susan Hearst?s request for a 0% nullity consecrate. afterwards the Atlantis Housing Survey statistics found that the number of apartments expect to be demanded and the number supplied at the existing rate was issue of balance. contiguous a compa ny called Lintec Inc. moves to Atlantis which changes the balance in the supply and demand for two bedroom apartments. Two years later tenants experient increases in their income and sinkd to purchase homes rather than rent apartments. Finally, other(a) companies decide to locate in Atlantis which turns this small quiet town into a busy city.

Rent continues to rise so the organisation puts a ceiling on rental prices which will withal affect GoodLife Management?s decision-making process. How Changes Determine DecisionsGoodLife Management?s occurrent situation with its two bedroom apartments is a rental rate of $1300 per month, a surplus of 800, a 40% vacancy rate ! and revenue of 1.56 million. Susan Hearst?s request to reduce the vacancy rate to 15% translates into reducing the amount of rent charged. to a great extent people will want to rent these apartments if the price of the rent is reduced. The best decision is to reduce... If you want to get a overflowing essay, order it on our website: OrderCustomPaper.com

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