Opportunity Cost

  • Matthias Ruth
  • Bruce Hannon
Part of the Modeling Dynamic Systems book series (MDS)


Here we show how to represent the basic economic principle of opportunity cost in STELLA with an example of inventory management.


Production Cost Opportunity Cost Wage Rate Actual Inventory Demand Curve 
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  1. Hannon B, Ruth M (2001) Dynamic modeling, 2nd edn. Springer, New YorkGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  • Matthias Ruth
    • 1
  • Bruce Hannon
    • 2
  1. 1.University of MarylandCollege ParkUSA
  2. 2.University of IllinoisUrbanaUSA

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