Specific case question
Posted: Wed May 01, 2019 9:11 am
I'm unable to fix the beneath case
in addition to extend my stock-flow model, can somebody help me out?
The adaption rate of potential car owners is further investigated. For that,
replace the fixed rate of 30 million car buyers per year by the following ‘word of mouth’
phenomenon. Each car owner has an average of 100 contacts per year. On average 1.2 per 1000 of
these contacts lead to someone buying a car. The adoption rate can now be calculated by multiplying
the number of car owners with their contact rate and with the adoption fraction, and then be
multiplied by the fraction of the total population that consists of potential car owners.''
in addition to extend my stock-flow model, can somebody help me out?
The adaption rate of potential car owners is further investigated. For that,
replace the fixed rate of 30 million car buyers per year by the following ‘word of mouth’
phenomenon. Each car owner has an average of 100 contacts per year. On average 1.2 per 1000 of
these contacts lead to someone buying a car. The adoption rate can now be calculated by multiplying
the number of car owners with their contact rate and with the adoption fraction, and then be
multiplied by the fraction of the total population that consists of potential car owners.''