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Section 2 - Modules, Time Levels and Lists

2.1 Introduction

Today we are going to write a model based on the previous section's model but animated over a number of time periods so that the dynamics of the model can be viewed and experimented with.

As before it will be a simple market with a fixed number of consumers, but with new producers continually entering the market and going bust intermittently. Consumers are randomly given money and requirements each week. They then form a queue, each preforming some limited exploration for the producer offering the best price. Subsequent queue members can also copy the consumer in front if this is to their advantage. Producers arrive with a fixed cost structure and some capital. Each week they try to change their prices to survive. If they loose all their money they go bust.

An introduction to SDML - Bruce Edmonds - 13 JUL 99
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