Simulation of the Production Process Dynamics using Vensim and Stella

Corina Sbughea

Economics and Applied Informatics, 2016, issue 1, 45-52

Abstract: This paper aims to make a brief presentation of the principles of dynamic systems and to analyze two applications support for modeling and simulation of the evolution of these systems. For illustration, we chose a classic model of the dynamics of the production process, which we have implemented in Vensim and Stella, in order to obtain evolutionary trajectories of the endogenous variables and analyze the behavior of the system.

Keywords: Simulation; Production; Industrial dynamics; Level; Rate; Flow (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2016:i:1:p:45-52

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