changing optimization models to SD models

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Mehd.Asali
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Posts: 4
Joined: Fri Mar 12, 2021 1:22 pm
Vensim version: DSS

changing optimization models to SD models

Post by Mehd.Asali »

I wonder if anybody could kindly let me know how can I develop a System Dynamic model of the following maximization problem (Please see the attached file) in order to maximize the objective function of the problem by running the SD model.
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maximization_Problem.docx
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Administrator
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Re: changing optimization models to SD models

Post by Administrator »

I'm sure you can do it. What errors are you getting when you try?
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tomfid
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Re: changing optimization models to SD models

Post by tomfid »

You could express this more or less directly in Vensim, and use the optimizer with U as the primary payoff, and a penalty term on noncompliance with the constraint.

However, this doesn't seem to have any dynamics of interest, so I don't see any advantage to using Vensim over any other tool.
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