OPIM3000_11

OPIM3000_11 - Fall 2009 Instructors: Jintae Lee and...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Fall 2009 Instructors: Jintae Lee and Jingjing Li
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Review: what is stocks and flows? Graphical differentiation Graphical integration Challenge exercise   
Background image of page 2
Stocks are accumulations of Inflow less outflow
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Identify the units of measures Stocks are those variables with capacity or level , they represent the state of systems . Stocks change only through their flows. (See 6.2.6  Fig.6-8) Unit difference: Stocks are usually a quantity, such as the  people employed. Flows are measured in the same units (with  stock)  per time period
Background image of page 4
0 1 2 3 4 5 0 1 2 3 4 Let’s review the concepts of differentiation  and integration by considering the following  function:
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Derivative –  Slope  of the line  tangent  to the  function  at a given point . For example, the  derivative of stock is net flow. 0 1
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/08/2009 for the course BCOR 2200 taught by Professor Tomnelson during the Spring '08 term at Colorado.

Page1 / 20

OPIM3000_11 - Fall 2009 Instructors: Jintae Lee and...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online