Beginner - First Model
Posted: Thu Feb 19, 2009 6:38 am
All,
I'm teaching myself Vensim and working through my first model. I've read a few chapters and studied many of the examples. You don't really learn new tools until you push off on your own. I've hit a couple of stumbling blocks with the tool mechanics and I hope some experts on the forum could add insight and throw your spin onto this simple model.
I thought I would start with something pretty elementary a Lemonade Stand Model (inspired by my entrepreneurial neighbor kids).
Model Scenario:
1. I set this model up to calculate daily and run for 2 years.
2. The kids have up front startup costs: Building Materials, supplies, etc.
3. Revenue comes from the sale of drinks. Drinks start off slow and grow over time (word of mouth, repeat customers, etc.)
4. I want to model the business growth of this scenario.
Issues:
My problems are mostly the vensim tool mechanics.
1. How do I make the DRInks sold to show functional growth? I would like drinks sold to S-curve input function from 10 to 120.
2. How do I setup Units on the flow rates? - Drinks are sold on a daily basis, but the kids have monthly expenses. Vensim seems to be ignoring this units. Shouldn't the tool convert my flow rates automatically?
Also, for the modeling experts: Have I correctly modeled this scenario? The attached file shows the business 'loosing the farm' but this shouldn't be the case.
What variations could I add to teach me more about modeling and make this an educational scenario?
Thanks for advice...
T
I'm teaching myself Vensim and working through my first model. I've read a few chapters and studied many of the examples. You don't really learn new tools until you push off on your own. I've hit a couple of stumbling blocks with the tool mechanics and I hope some experts on the forum could add insight and throw your spin onto this simple model.
I thought I would start with something pretty elementary a Lemonade Stand Model (inspired by my entrepreneurial neighbor kids).
Model Scenario:
1. I set this model up to calculate daily and run for 2 years.
2. The kids have up front startup costs: Building Materials, supplies, etc.
3. Revenue comes from the sale of drinks. Drinks start off slow and grow over time (word of mouth, repeat customers, etc.)
4. I want to model the business growth of this scenario.
Issues:
My problems are mostly the vensim tool mechanics.
1. How do I make the DRInks sold to show functional growth? I would like drinks sold to S-curve input function from 10 to 120.
2. How do I setup Units on the flow rates? - Drinks are sold on a daily basis, but the kids have monthly expenses. Vensim seems to be ignoring this units. Shouldn't the tool convert my flow rates automatically?
Also, for the modeling experts: Have I correctly modeled this scenario? The attached file shows the business 'loosing the farm' but this shouldn't be the case.
What variations could I add to teach me more about modeling and make this an educational scenario?
Thanks for advice...
T