Information

This information is part of the Business Simulation Library (BSL).

In this final extension of the introductory model SimpleProductionChain we now replace the Ramp component for the first-time purchases with a model of new product diffusion.

We are assuming that there are 10 initial customers and a stock of 250'000 potential customers that will be turned into customers by "word-of-mouth" only—for now we will assume that there is no growth or decline with regard to this potential. There is a constant contactRate of 10 people per month and the adoptionFraction is assumed to be 2%.

Model Output

Potential customers and customers during the simulation.

The current inventory and the installed base.

The current rates of producing, shipping, and scrapping.

	modelOutput	Type: ModelOutput
	bus	Type: DataBus

Components (13)

	modelSettings	Type: ModelSettings
	inventory	Type: MaterialStock Description: Finished goods inventory
	shipping	Type: Transition Description: Shipments to the customers
	producing	Type: Growth Description: Production of a durable good
	installedBase	Type: DelayN Description: Products in use
	scrapping	Type: OutflowDynamicStock Description: Discarding of products (which will be replaced by new ones)
	cloud1	Type: Cloud
	totalOrders	Type: Add_2
	potCustomers	Type: MaterialStock Description: Potential customers
	wordOfMouth	Type: Diffusion Description: Bass diffusion model for a word-of-mouth process
	customers	Type: MaterialStock Description: Initial customers (early adopters)
	productionPlanning	Type: FirstOrderStockAdjustment
	desiredInventory	Type: ConstantConverter

SimpleProductionChainIII

Diagram

Information

Model Output

See also

Connectors (2)

Components (13)

Revisions