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Foskuhl_Final Project_SD Local Gov Budget - Finance Simulation method: System Dynamics Foskuhl_Final Project_SD Local Gov BudgetThis system dynamics model emulates a local government budget. Revenue is collected annually and distributed to expenditures or savings. Revenue that is expended (i.e., not saved) leaves the system each year. Revenue collection is influenced positively by the stock "savings", negatively by the stock "revenue" (to represent the effect of tax increases) and by a natural growth rate (which is randomly determined each year, either positive or negative). Related Models |