Opportunity Cost

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

Abstract

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

Keywords

Income 

Reference

  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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