Welcome to Week 2 with this first episode. We review what we think may have happened during Week 1's excursions into system modeling of a predator-prey (Lotka-Volterra) model of customer predation. We built the model by hand on paper with pencil, then in Vensim with stocks and flows and two graphs, then in R with a simulation function and ggplot2 interactive plotly graphics. This week more of the same with two major wrinkles. Wrinkle 1: we further curtail growth by using capacity to build in a discount factor; Wrinkle 2: we endogenize capacity with a non-renewable stock of customers. Again, more Vensim and R will follow. But this week we wander into a Bayesian hypothetical-deduction frame of mind to infer plausible parameter values for a system. Enjoy as always.
Course website:
systemdynamics...
Негізгі бет Week 2: "From the Inner Mind to the Outer Limits" to growth: adding endogenous capacity to the model
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