Your Task:
As a company, in each round you will receive between 3 and 15 items as customer demand that have a due date.
In the orderbook you can see your future customer demand for the next 5 rounds.
Your task in each round is to order as much items from your supplier that you can serve the customer demand on the respective due date
{% if player.treat == 'mto_fix' or player.treat == 'mto_var' %}
As soon as you have placed an order, the number of displayed customer demand in your orderbook is reduced -- chronologically, i.e. in the same order as the supplier delivers (details are provided below). This means that only the customer demand t
{%endif%}
As a company, you can also hold orders on stock if you place and receive more orders than you deliver to your customers.
Your Supplier:
The supplier has a maximum delivery capacity in each round, which is constant over all rounds but unknown to you.
If you order more items in a round than the suppliers' capacity, then the supplier will deliver as much as possible in the current round and the rest in the following rounds.
The supplier always delivers the open orders from previous rounds first.
This may result in delayed deliveries of your orders. For this reason, you will see a lead time estimate from the supplier in each round.
{% if player.treat == 'var' or player.treat == 'mto_var' %}
The supplier estimates its lead time based on the current open orders from previous rounds and the expected orders (which are constantly assumed to be 9 in each round).
The supplier calculates the lead time estimate as follows and rounds it up to the nearest integer:
Depending on the orders in a round, this estimated delivery time can differ from the supplier's actual delivery time (which is at least one round).
{%else%}
The supplier provides a constant estimated lead time of 1 round. This estimated lead time may differ from the supplier's actual delivery time depending on the orders in one round (which is at least one round, however).
{% endif %}
In each round you will be asked about your own estimate of the lead time.
Costs and Profit:
For each customer demand you have served, you receive a revenue of 9 Taler.
However, if you do not serve the customer demand on time, this open customer demand will cost 16 Taler per delayed round.
You will only receive the 9 Taler for the customer demand in the round you have served it.
Each order you place with the supplier costs you 1 Taler. Inventory costs are 4 Taler per round and item.
Your profit or loss per round is calculated as follows:
Revenue from served customer demand minus loss from open customer demand minus inventory costs minus costs for placing orders.
The profit or loss per round is summarized over all rounds and represents your payout.
Your Payoff:
Your payout in talers will be converted to euros at the end of the experiment using a conversion rate of 10:1 and rounded up. 1 out of 5 participants who completed the experiment will be randomly chosen and receive their payout.
Please note, while you can make losses in one round, your total payout in the experiment cannot fall below 0.
This will not affect your participation in the lottery for the 500 Euro.
Before you start the actual experiment, you can familiarize yourself with the process in 3 practice rounds which will not be paid out.
{% else %}
Die Lieferzeitschätzung kann sich je nach Bestellungen in einer Runde von der tatsächlichen Lieferzeit des Lieferanten unterscheiden (beides ist aber mindestens eine Runde).
{% else %}
Der Lieferant gibt eine konstante Lieferzeitschätzung von 1 Runde an. Diese Lieferzeitschätzung kann sich je nach Bestellungen in einer Runde von der tatsächlichen Lieferzeit des Lieferanten unterscheiden (die aber mindestens eine Runde ist).
{% endif %}
Daher werden Sie in jeder Runde gefragt, wie hoch Ihre eigene Schätzung der Lieferzeit ist.
{% next_button %} {% endblock %}