Greetings!
Could someone please help me understand why Vensim gives me an error for units of measure when I want to use equations such as the following:
Price = 10-0.00794*Q
Units of Measure that I would like in the model:
Q = {Units}, Price = {$/Month}
Vensim will not give me a clear on the Units Check for this formula, unless I add the following fudge factors to get Price in {$/Month}:
Price = 10-0.00794*(Q/(NORMAL Q*NORMAL Q)*NORMAL P)
Where:
NORMAL Q = 1 {Units}, NORMAL P = 1 {$/Month}
If you see the model attached for maximizing profits in a monopolistic firm, there are other problems; for example, I must have a dimensionless argument before I use a "power operator", Q^2, must be (Q/NORMAL Q)^2 in order to get through the units-check.
I don't want to compromise on my units!
Thank you very much!
Fudge Factors, Units of Measure.
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Fudge Factors, Units of Measure.
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