Salt Seller: A Commodity Pricing Simulation by MIT

This simulation is free.

In this live web-based simulation, participants playing the role of salt producers seek to maximize their profits as they compete against one another in pricing salt.

You will have direct access to it courtesy of the MIT Management Sloan School website / Teaching Resources Library, under their licensing agreement.

In this live web-based simulation, participants playing the role of salt producers seek to maximize their profits as they compete against one another in pricing salt

What you'll learn

The simulation allows students to experience interactively the challenges of pricing in a commodity market with variable demand.

Requirements

An understanding of general concepts related to business and management, obtained either by a degree or practical experience is recommended.

Who this simulation is for
  • Graduates or anyone willing to leverage the knowledge about setting prices in a commodity market

This simulation is free. You will have direct access to it and respective resources, as well as all the materials publicly available on the MIT Management Sloan School website / Teaching Resources Library, under their licensing agreement.

To access the simulation on MIT's website here