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THE FINANCE AND ECONOMICS SOCIETY, NSIT

presents

CONSILIUM’ 18
THE NSIT BUSINESS CONCLAVE
SHATRANJ, A STRATEGY EVENT

ONLINE PRELIMINARY ROUND


CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ , A STRATEGY EVENT

RULES AND REGULATIONS


• The participants are required to fill up a google form which
goes live on 21st of January 2018, 0000 hours and closes on
27th of Januray 2018, 0000 hours.

• The form can be filled only once per team, and only in very
special circumstances will a team be allowed to fill the form
again.

• The form will contain some multiple choice questions that


will include life altering decisions in a game of life based on
different avenues of life ranging from education to invest-
ing in the stock exchange. (Knowledge of the same are not
required, to complete the questions)

• To trade in the index, the participants are required to send


in mails at the below mentioned email id. The heading of
the mail should include the team name to go through with
the trade requested. Make sure to send the mail through the
registered email ids.

• Your solution in the case of life will be judged on creativity,


innovation, analytical skills, logical reasoning and overall
presentation.

• In case of any queries, mail at strategyfes@gmail.com or


contact the undersigned.

Shiv Kumar : (+91)9818235895


CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

In Byteland, all forms of transactions happen through


a currency named bytes. You are a 25 year old in
Byteland and this is where the game of life begins for
you.

The period this game will be played for, is from 25 to 35


years of your team’s age. You start with 600,000 bytes
as cash and 500,000 bytes as a loan, taking the total
expendable in hand to 1,100,000 bytes. You are sup-
posed to payback 10,000 bytes every year for the loan
undertaken, which can be paid back only at the end of
10 years.

The game is divided into 5 parts and the participating


team needs to make decisions in these parts affecting
their future. These parts are as follows:

1. Education
2. Accommodation, Mode of Transport, Living Stan-
dards
3. Mutual Funds
4. ByteIndex
5. The case of life

At the end of 10 years, the team with the highest valua-


tion wins. The valuation will be based on the total cash
in hand after all expenses and the status of value points
added to the cash in hand.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

The team needs to choose among three op-


tions for education i.e. Master of Scienc-
es, Master of Business Administration and
Master of Technology. The cost of each is
different and the minimum annual salary
from each is different. The team gets cer-
tain value points in regards to the costing
of the product they choose.

Depending on the demand of certain op-


tion relative to others a certain premium
will be provided to teams that will increase
the salary on a relative scale.

Option Cost(in bytes) Min.Salary(in Value Points


bytes)
M.S. 400,000 40,000 20

M.B.A. 350,000 35,000 17.5

M. Tech. 250,000 25,000 12.5


CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

For example, if T teams register for the


prelims and x fill M.S. then the premium
will for M.S. holders will be as follows.

P.x = (T/x)*(S.x/10)

where

P.x = Premium on x field (MS in this


case)
T = total number of participants
x = number of participants filling MS as
education option
S.x = minimum salary guaranteed in that
sector

And similarly for all other options.

So total salary is then equal to Minimum


salary + Premium.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

Next, the participants are supposed to


choose from different options for ac-
commodation, mode of transport and
living standards.

Option Cost(in bytes) Maintenance Value


Charges(in by- points
tres)/year
Mansion 400,000 20,000 20

House 200,000 15,000 15

Studio Apart- 100,000 10,000 10


ment

Option Cost(in bytes) Maintenance Value


Charges(in by- points
tres)/year
Sedan 100,000 10,000 20

Small Car 50,000 5,000 15

Two wheeler 25,000 2,500 10

Public Transport Free 1,250 5


CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

Option Cost(in bytes) Value points

High 100,000 20

Medium 40,000 15

Low 20,000 10

Value points adjoin a certain cash based on the


premium product chosen by the team and the
average value points with an average citizen of
Byteland.

Total cash = Cash in hand + cash equivalent of the


team’s value points

Cash equivalent of the team’s value points = (Avg


value points of Byteland/ Team’s value points) *
cash in hand at end of 10 years.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

5 years down the line, Bytelandian govern-


ment (on a trial basis) allowed a mutual
fund to take money from the people and in-
vest in the market. A very reputable source
in the government says that if this mutual
fund can raise a certain amount of capital
(10% of the total money in circulation in
bytelandian), then this mutual fund will
show heavy profits, else the government
will freeze its funds.

Now you have the chance to invest a certain


amount of your hard earned wealth in this
mutual fund. You also have the chance to
take an insurance for your complete invest-
ment if you are willing to pay a total of 5%
of the investment to the insurance company
as premium.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

ByteIndex : This is the index of Byteland mirrored


exactly on the present day Sensex. The participant
gets to invest any part of his/her wealth on ByteIn-
dex on any day of the prelims and is also given an
option to take his money out of the ByteIndex at
any point in the prelims.

The profit will be determined equal to the percent


increase/decrease in the real time Sensex. The buy
order and the sell order will go through on the
opening price of the next working day on which
the request is made.

The request to trade will be made to strategyfes@


gmail.com. The person can only trade after the
google form is completely filled and can make any
number of trades. The orders will be taken on Sen-
sex as a whole and not on any share respectively.
The circuit limit will be set on 10% both up and
down.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

After 9 years of living in ByteLand, the case of life is


back in the city and you get a chance to participate
in it and win a handsome price of 200,000 bytes. The
next nine win prizes of more than 100,000 bytes. But
you need to pay 40,000 bytes to enter. Do you have it
in you to become a champion?

In the case of life, you will be given 3 problem state-


ments and you need to give an answer for the any
one in not more than 250 words. This is not like the
usual cases but will venture in different fields of fi-
nance. You can answer as many as you like and the
best one will be chosen accordingly.

a) “In 2000, Reed Hastings, the founder of a


fledgling company called Netflix, flew to Dallas to
propose a partnership to Blockbuster CEO John
Antioco and his team. The idea was that Netflix
would run Blockbuster’s brand online and Antio-
co’s firm would promote Netflix in its stores. Hast-
ings got laughed out of the room.
CONSILIUM’ 18 : THE NSIT BUSINESS CONCLAVE

SHATRANJ, A STRATEGY EVENT

We all know what happened next. Blockbuster


went bankrupt in 2010 and Netflix is now a $28 bil-
lion dollar company, about ten times what Block-
buster was worth. Today, Hastings is widely hailed
as a genius and Antioco is considered a fool. Yet
that is far too facile an explanation. ”

Excerpt from an article on Forbes dated : 5th Sep-


tember 2014

Statement : If given a chance to go back in time, as


John Antioco, what would your strategy be to make
sure that Blockbuster stays the giant it was.

b) Which cryptocurrency technology do you think is


the most reliable and why?

c) What is the most important moment in the finan-


cial history of the world, in your opinion, and why?

Send your entries at strategyfes@gmail.com

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