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.
KeywordsProduction Cost Opportunity Cost Wage Rate Actual Inventory Demand Curve
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
- Hannon B, Ruth M (2001) Dynamic modeling, 2nd edn. Springer, New YorkGoogle Scholar
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