ABSTRACT

The Dynamic Modeling language is used to operationally define how processes work, how factors contributing to those processes interact, and what the effect of those interactions is likely to be. Using the Dynamic Modeling language takes some practice, and people have found that examples from a variety of situations often help emphasize the focus of the approach and introduce the associated language. Bank statements are very easy to convert into the Dynamic Modeling language, which provides a nice visual framework to represent financial transactions and associated metrics. Stocks are time invariant in that they can be identified and counted at any single time point. The greater the Checking Account Balance, the higher the inflow of interest earned, which pushes the value of funds in the account even higher. Aging chains combine the simplicity of the Dynamic Modeling language with the power of simulation technology to produce true operational dynamics over time.