We want to know the estimated projected Earnings before tax of a 5 year project. For this we have modeled Sales Growth, Cost of goods sold and Admin. expenses applying sensitivity testing by using probability distributions.
Model of growth from diffusion from John Morecroft's Strategic Modelling and Business Dynamics Book Ch6 p174-191. A discussion of a bigger model of People's Express is in http://bit.ly/HdaGy4 for a related You Tube video by John Morecroft on Reflections on System Dynamics and Strategy
The issue is how to select and keep optometry students. The main theme is balance out expectations with reality especially when many students use optometry as a proxy for later entry into a medical course. The second problem is that the current entry demographic does not meet the needs in terms of culture and expected practice location
Simple model used to assess the likely outcome of Revenue and Profit due to variability of purchase price, price impact on Units Sold, and Units Sold impact on Unit Cost.
