Audi's Global Business Case Competition (GBCC 2016) - The results
The GBCC 2016 took place at Ritsumeikan Asia Pacific University between the 11th and 17th October. Representing the University of Glasgow, the team “Meticulous Medley”, included three students from the School of Mathematics and Statistics. One of the team members, Ivona Voroneckaja an MSci student in Statistics, had this to say about the event:
“It was an amazing experience to be a part of the team representing the University of Glasgow at the Global Business Case Competition in Japan organised by Ritsumeikan Asia Pacific University (APU). This year, the competition was sponsored by Audi Japan and hence the business case was on the issue that Audi Japan currently faces - the war for talent. Teams from all over the world had 24 hours to come up with a solution to the problem, prepare income/cost plans and present the proposed plan to the panel of judges. It has been an intense however extremely rewarding experience as we got to improve on a variety of skills such as public speaking, team work, working under pressure and many more. As a representative of Statistics field, I contributed by performing Monte Carlo simulations for net present value calculations to evaluate our proposed solution under various states of economy. Each and every member of the team brought a different set of skills to the table and we worked well together to deliver a great presentation. Our team came second in our division and took a shared fifth place in the world.
Also, APU had a variety of events organised for us in order to explore Japan and cultures of other teams. After the opening ceremony, we had a gift exchange between the teams where the lucky team of The University of Waikato got to experience the taste of Scottish whiskey while our university team received lovely t-shirts from University of California, Berkeley. We also got to explore cities of Fukuoka, Beppu and Yifei and even enjoy the famous Japanese hot springs. Overall, it has been an amazing experience to meet so many talented people from all over the world and make the University of Glasgow proud!”
Well done to Ivona and the team! Further information about the competition can be found on their website at https://gbccapublog.wordpress.com/