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ESI6550 Group 6 (Model 2)

Brad D

Economic BPA/BPS Model

john johnson

INTRODUCTION

This is a balanced loop model that demonstrates how COVID 19 outbreak in Burnie and the response of the government (e.g. by enforcing health policies: Lockdown; quarantine, non-necessary business closure; border closure) affect the local economy. This model has 13 positive loops and seven negative loops. Government response is dependent on the number of reported COVID-19 cases which in turn thought to be dependent on the testing rates less those who recovered from COVID 19 and dead. Economic activity is dependent on the economic growth rate, increased in online shopping, increased in unemployment, number of people who do not obey the rules, COVID 19 cases and health policies.

ASSUMPTIONS

· Both infection and economic growth is reduced by enforcing government policies

· However, the negative effect of government policies is reduced by the number of people who do not obey government health policies

· Govt policies are enforced when the reported COVID-19 case are 10 or greater.

· Number of COVID cases reported is dependent on the testing rates less those who recovered and dead.

· The higher number of COVID-19 cases have a negative effect on local economy. This phenomena is known as negative signalling.

· Government policies have a negative effect on economic activity because health policies limit both social and economic activities which directly or indirectly affect the economy in Burnie .

· This negative effect is somewhat reduced by the increase in online shopping and the number of people who do not obey heath rules.

INTERESTING INSIGHTS

The test ratings seem to play a vital role in controlling COVID-19 outbreak. Higher Rates of COVID testings decrease the number of COVID 19 deaths and number of infected. This is because higher rates of testing accelerate the government involvement (as the government intervention is triggered earlier, 10 COVID cases mark is reached earlier). Delaying the government intervention by reducing the COVID testing rates increases the death rates and number of infected.

Increased testing rates allow the figures (deaths, susceptible, infected) to reach a plateau quickly.

BMA708- Shakila Bethmage- 548351 - COVID 19 Outbreak in Burnie

Shakila Piyumi Perera Bethmage

Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen. THis can be extended by adding the Ponzi effect of borrowing for speculative investment.

Minsky Financial Instability Model

John Vorhauer

3

Farming_small vs large

Paul

3. PROBLEMAS e PERGUNTAS SOBRE projetos de SISTEMA INTEGRADO DE GESTÃO CUSTOS , INVESTIMENTOS BASEADO MODELOS MATEMÁTICOS: veja https://docs.google.com/document/d/1oGmItBcErhVF0PWuI37AnpP3n8Up3Zu45W7QB1MMbcY/edit?usp=sharing

Projeto de investimentos , custos e viabilidade econômico de LCC

A planta foi dimensionada para produzir 9.000 Ton/ano da Resina usando o matéria prima

LCC , operando 24h/dia, durante os três turnos por 300 dias/anuais. O preço do produto de projeto de lcc

veja o prova html aula passados

1. Calcule o investimento em planta (If) usando o método rápido e investimento em

equipamento (Ie) baseado no método de lang. Admita valor de N e f1 de acordo com o fluxograma do processo.

Dados fornecidos: Entrada (alimentação)-sólido; Saída-líquido;

Equipamentos principais da produção: Destilador e fermentador.

2. Calcule o investimento fixo total pelo método chilton através das estimativas dos investimentos fixos diretos: Tubulação, instrumentação, estrutura física, planta de serviço e conexões entre unidades; e investimentos fixos indiretos. Tome como base o investimento em equipamentos.

veja dados na prova html simulados sobre fator chiltons , modelos de lang , decico , chiltons e dados na prova html

3. Calcule o custo de mão-de- obra direta e indireta baseando-se no fluxograma de processo , atualizando o valor salário mínimo e nos salários:

Valor do salário mínimo = R$180,00

Engenheiro químico = 10 salários mínimos

Operador industrial = 3 salários mínimos

Administração:

Gerente = 8 salários mínimos

Auxiliar de escritório = 3 salários mínimos

Secretária = 2 salários mínimos

Dados fornecidos: Considere os encargos sociais de 65% sobre o salário base. Mão-de- obra

indireta seja 20% da mão-de- obra direta. O custo de mão-de- obra indireta engloba

manutenção.

4. Calcule os custos fixos abaixo, baseando-se pelo método Sebrae:

Dados

4.1 Depreciação = 10%If

4.2 Manutenção = 3%If

4.3 Seguro = 1%If

4.4 Imposto = 2%If

5. Calcule o custo de consumo anual de matéria-prima de acordo com os dados , veja prova html a seguir

5.2 Calcule o custo unitário de matéria prima sendo 80% do valor do custo total anual da

matéria-prima. , dados , veja na link enunciados e prova html

6. Calcule os custos totais:

6.1 Encargos anuais

6.2 Administração = 0.6 (mão-de- obra direta + mão-de- obra indireta + encargos anuais)

6.3 Suprimentos = 0.15 (Manutenção)

6.4 Calcule os custos fixos

6.5 Calcule os custos variáveis

6.6 Calcule os custos variáveis

* Os custos fixos englobam administração

Custo variável = custo de matéria – prima + custo de utilitários + custo de suprimentos.

Custo de suprimentos é 10% da mão-de- obra direta.

Depreciação = 10% do investimento fixo.

7. Estimar o ponto de equilíbrio em quantidade e em porcentagem baseado em dados obtidos de custo variável unitário) e Custo fixo do problema 06.

8. Estime os itens da análise de investimento:

– Taxa de retorno de engenharia simples

– Tempo de retorno

– % de lucro em relação ao preço de venda

– Lucro após o imposto de renda

– Lucratividade

– Rentabilidade

– Fluxo de caixa

9. Estimar potencial econômico de projeto de perdas devido ao baixo rendimento de operação em nível de 90% de rendimento máximo em vez de 98%.

Dados de consumos de materiais e energia obtidos via uso de calculadora usando quiz html de modelos já apresentados aula passos

NOME E DESCRIÇÃO

LINK

TAMANHO

Prova1validacao.:Investimento Fixo e Tomada de Decisões Rápidas

https://canvas.instructure.com/courses/780776/files/folder/provahtml?preview=51184101

33 KB

Prova.2 Validacao .Investimento fixo método Lang

https://canvas.instructure.com/courses/780776/files/folder/provahtml?preview=51184144

32 KB

Prova 3 :Investimento Fixo método Chilton

ihttps://canvas.instructure.com/courses/780776/files/folder/provahtml?preview=51184169

33 KB

Prova4:Custo Fixo

https://canvas.instructure.com/courses/780776/files/folder/provahtml?preview=51184189

32 KB

Prova 5::Custo de mao de obra

customaohtm custo de mao de obra

33 KB

Prova 6 Validao : Custo de mat,comb e enegia

CustoMat prima , energia

34 KB

Prova 7 Custo total

custo de operacional de producao

33 KB

Prova 8 Ponto deEquilibrio

ponto de eqilibrioibrio

32 KB

Prova 9:Analise de lucro e beneficios

Fluxo de caixa

33 KB

gestao economical planta resina fenolicas lcc .Modelos e resultados validados validado via planilhas

Pagandai V Pannir Selvam

Overview

This model which simulates the competition of Logging with Mountain Tourism in Derby, Tasmania. This main reason of this simulation is to find if logging will affect the mountain tourism and by any chance they can co-exist.

How the model works.

Both Timber harvesting and mountain tourism can bring the economic contribution to Tasmania. In the Logging industry, it helps increase the need of employment and at the same time logging generate the profit through selling those timbers. In the Mountain Tourism industry, it can get the revenue through couple of ways which include accommodation (approximately 3 days find in paper), Restaurant and parking fee. However, the low growth rate of the trees is not keeping up with the rate of logging, if the trees getting less in Derby mountain, it will affect the sights and the riding experience for tourists, which will affect the satisfaction and expectation as it depends on the sights and experience. The satisfaction and expectation will influence the number of visitors, if they satisfied, they can come again or tell others about the great experience, if not, more and more people will not come again.

Interesting insights

It seems like logging has no significant negative effect to the mountain tourism, compare the forestry income with the tourism income, tourism income gradually higher than the forestry income at last, which means tourism is in a very important position, as long as the visitors are stable, tourism industry can provide greater economic contribution, stakeholders and governments can find the balance by maintain the status or better slightly reduce logging in order to make them co-exist.

Simulation of Derby Mountain biking versus logging

yao.xu

A simple budget planning system. What additional complexities can you add?

ISD Savings Plan - Science Intro

Kevin Collins

6

URBAN1_V0

Juan Camilo Pulgarin Carmona

13

HANDY Model of Societal Collapse from Ecological Economics Paper

see also D Cunha's model at IM-15085 (Spanish)

Human and Nature Dynamics of Societal Inequality

Geoff McDonnell

19

Assignment 1_Exercise 8 - Fitting Model to Historical Data

Lucas Meneguim

6

The upper diagram shows the principal factors that have an influence on the budget deficit and indicates what needs to be done to correct it. But this is not the full story. The diagram below shows that cutting public expenditure reduces aggregate demand and increases unemployment. The reduction of aggregate demand reduces economic activity which has the effect of reducing tax revenue. In addition, the state has to pay out funds as there is a need for more unemployment benefit payments. The result of these austerity measures is often the opposite of their intended purpose: they can increase rather than decrease the budget deficit.

There is plenty of empiric evidence to show that this has happened time and time again. For instance, a report from UNCTAD (United Nations Conference on Trade and Development) found that between 1990 and 2000 in all the cases examined where cutbacks in public spending and tax increases were used, the fiscal situation did not only not improve but worsened. Despite such repeated evidence, unfortunately calls for austerity measures continue to be heard.

Fallacy of Spending Cuts

Hanns-Jürgen Hodann

Economic Capital

Simon Baynes

ISCI 360 Project - Stage 2

Our model examines the relationship between two straw types (plastic straws and biodegradable straws) and their impact on the environment and economics. Specifically, we are interested in figuring out whether biodegradable straws are a viable solution to plastic straws.

Our model is broken down into three aspects: Social, Environmental and Economic. Color coding is used to differentiate between the different aspects and is explained below:

Turquoise represents the social aspect.

Purple represents the economic aspects.

Green represents the environmental aspects.

Blue represents other crucial stocks and flows in the model that do not necessarily fit into the three aspects above.

In our model, the Canadian population is assumed to increase steadily until a carrying capacity is reached. This can be seen in the graph as the line increases linearly before plateauing indefinitely. We assumed that we will be able to maintain the population at our carrying capacity due to technological advances.

Social Aspect:

The social aspect refers to the impact that awareness of the detrimental costs of straws can have on the usage of straws. The two flows that contribute to awareness are word of mouth (i.e. your friends and family informing you about the effects of straws and influencing you to stop using them) and media coverage (i.e. the media highlights the effects of straws). Both of these flows are dependent on the Canadian population such that 25% of the Canadian population at any time will be impacted by word of mouth or media coverage. (Side note: since word of mouth and media coverage are dependent on the Canadian population, they will plateau when the population does.) This is an arbitrary number but was chosen to show what a change in perspectives of the Canadian population can do. These flows input into an 'awareness of detrimental effects of using plastic straws' stock that reduces the number of plastic straws being used.

Plastic Straws

According to data from the United States individuals usually use 1.6 straws everyday and thus, we have assumed that to be true in Canada as well. Plastic straws start at a base value (due to the previous straw usage) and grow with the Canadian population while subtracting the awareness component of the model.

Environmental Aspect

Since the decomposition of plastic versus paper is significantly different, the amounts that accumulate in the ocean and landfills can be monitored. In addition, the impact on the environment can be monitored. Since plastic straws take longer to decompose, they have a larger impact on wildlife in the ocean than biodegradable straws. Thus, as the plastic straw usage decreases, the amount of habitat loss occurring plateaus. We have also included the aspect of clean-up in which the plastic from the ocean can be moved to the landfill. You will notice that the habitat loss plateaus but does not decrease. This is because we cannot reverse the damage we have done (without additional rigorous clean-up) but can mitigate additional damage. (Please note that clean-up affects only the stock 'Plastic Straws in the ocean' and thus, does not affect the stock 'habitat loss.' Therefore, clean-up will reduce the number of plastic straws in the ocean and indirectly affect the stock 'habitat loss.' However, it will not clean up the plastic straws already impacting 'habitat loss.')

Economic Aspect

The economic aspect monitors the amount of money it takes to make plastic straws versus biodegradable straws and the amount of money the government needs to fund ocean clean-ups. It can be seen that a the usage of plastic straws decreases, the need for clean-up money from the government decreases. However, there is a base level of damage that has already been done by us and thus, larger scale clean-ups will be needed to reverse that. In other words, smaller clean-ups will mitigate the damage we are currently doing but not reverse the damage we have already done. We can also track the cost of making each straw; it can be seen that biodegradable straws are more expensive to make.

However, the energy required to make the straws is less for biodegradable straws than plastic straws. Thus, there are trade-offs for using biodegradable straws.

Although, biodegradable straws are more expensive, they require less energy to make, decompose faster, require less funding for clean-up and impact the wildlife in the ocean to a lesser degree.

Project Stage 2

Eisha Sharda

WIP SD representation of Ch11 of their 2007 Monetary Economics book, as suggested by Adam K. Plan is to do a top down simple money flow SFC mmt model and successively split sectors. See also essence of MMT IM and simpler version Ch3 IM

Godley and Lavoie Growth Model

Geoff McDonnell

3

Jay Forrester's "Market Growth as Influenced by Capital Investment" model as rebuilt by Eric Stiens

Market Growth as Influenced by Capital Investment

Eric Stiens

3

CLD exposition of Goodwin01 from Steve Keen's August 2019 course on Introduction to Economic Dynamics and Minsky software See video and powerpoint slides. Based on IM-2011 Minsky FIH and IM-168865 MacroEconomics CLDs. SeeIM-172005 for Simulation

Goodwin cycle Minsky Keen August 2019

Geoff McDonnell

6

From Neil WIlson and Steve Keen's double entry accounting view of the money circuit model

Bank money flows

Geoff McDonnell

This page provides a structural analysis of POTUS Candidate Marco Rubio's economic policy based on the information at: https://marcorubio.com/issues/debt/ The method used is Integrative Propositional Analysis (IPA) available: http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf

DRAFT IPA of Marco Rubio economic policy

Steve Wallis

Simulation of MTBF with controls

F(t) = 1 - e ^ -λt

Where

• F(t) is the probability of failure

• λ is the failure rate in 1/time unit (1/h, for example)

• t is the observed service life (h, for example)

The inverse curve is the trust time
On the right the increase in failures brings its inverse which is loss of trust and move into suspicion and lack of confidence.
This can be seen in strategic social applications with those who put economy before providing the priorities of the basic living infrastructures for all.

This applies to policies and strategic decisions as well as physical equipment.
A) Equipment wears out through friction and preventive maintenance can increase the useful lifetime,
B) Policies/working practices/guidelines have to be updated to reflect changes in the external environment and eventually be replaced when for instance a population rises too large (constitutional changes are required to keep pace with evolution, e.g. the concepts of the ancient Greeks, 3000 years ago, who based their thoughts on a small population cannot be applied in 2013 except where populations can be contained into productive working communities with balanced profit and loss centers to ensure sustainability)

Early Life

If we follow the slope from the leftmost start to where it begins to flatten out this can be considered the first period. The first period is characterized by a decreasing failure rate. It is what occurs during the “early life” of a population of units. The weaker units fail leaving a population that is more rigorous.

Useful Life

The next period is the flat bottom portion of the graph. It is called the “useful life” period. Failures occur more in a random sequence during this time. It is difficult to predict which failure mode will occur, but the rate of failures is predictable. Notice the constant slope.

Wearout

The third period begins at the point where the slope begins to increase and extends to the rightmost end of the graph. This is what happens when units become old and begin to fail at an increasing rate. It is called the “wearout” period.

BATHTUB MEAN TIME BETWEEN FAILURE (MTBF) RISK

Guy Lakeman

8

Economic Systems

Alan Plunkett

Classical Blockchain Economics

Peter Vermette

11 months ago

Eastern oyster growth model calibrated for Long Island Sound
Developed and implemented by Joao G. Ferreira and Camille Saurel; growth data from Eva Galimany, Gary Wickfors, and Julie Rose; driver data from Julie Rose and Suzanne Bricker; Culture practice from the REServ team and Tessa Getchis. This model is a workbench for combining ecological and economic components for REServ. Economic component added by Trina Wellman.

This is a one box model for an idealized farm with one million oysters seeded (one hectare @ a stocking density of 100 oysters per square meter)

1. Run WinShell individual growth model for one year with Long Island Sound growth drivers;

2. Determine the scope for growth (in dry tissue weight per day) for oysters centered on the five weight classes)

3. Apply a classic population dynamics equation:

dn(s,t)/dt = -d[n(s,t)g(s,t)]/ds - u(s)n(s,t)

s: Weight (g)
t: Time
n: Number of individuals of weight s
g: Scope for growth (g day-1)
u: Mortality rate (day-1)

4. Set mortality at 30% per year, slider allows scenarios from 30% to 80% per year

5. Determine harvestable biomass, i.e. weight class 5, 40-50 g (roughly three inches length)

REServ Eastern oyster ecology and economics Long Island Sound

Joao G. Ferreira

Model description:

This model is designed to simulate the outbreak of Covid-19 in Burnie in Tasmania, death cases, the governmental responses and Burnie local economy.

More importantly, the impact of governmental responses to both Covid-19 infection and to local economy, the impact of death cases to local economy are illustrated.

The model is based on SIR (Susceptible, Infected and recovered) model.

Variables:

The simulation takes into account the following variables:

Variables related to Covid-19: (1): Infection rate. (2): Recovery rate. (3): Death rate. (4): Immunity loss rate.

Variables related to Governmental policies: (1): Vaccination mandate. (2): Travel restriction to Burnie. (3): Economic support. (4): Gathering restriction.

Variables related to economic growth: Economic growth rate.

Adjustable variables are listed in the part below, together with the adjusting range.

Assumptions:

(1): Governmental policies are aimed to control(reduce) Covid-19 infections and affect (both reduce and increase) economic growth accordingly.

(2) Governmental policy will only be applied when reported cases are 10 or more.

(3) The increasing cases will negatively influence Burnie economic growth.

Enlightening insights:

(1) Vaccination mandate, when changing from 80% to 100%, doesn't seem to affect the number of death cases.

(2) Governmental policies are effectively control the growing death cases and limit it to 195.

Burnie Tasmania Covid - 19 outbreak simulation Model by Yankang Huang 541 277

Yankang Huang