Thursday, September 17, 2009

Dynamic modeling

Explores a situation as it varies over time.

  • Models changing situations and varying conditions
  • Outcomes are time dependent (they may vary with time)
  • Explores the impact of trends in the driving variables
Represents scenarios that change over time. year profit and loss projection in which the input data, such as costs and prices and quantities, change from year to year..

Time dependant : How may checkouts should be open in the supermarket.
Demands forecasted over time
Dynamic simulation
use, represent, generate trends and patterns over time

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