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Foskuhl_Final Project_SD Local Gov Budget - Finance

113 runs

Added by Jacob Foskuhl

Simulation method: System Dynamics

Foskuhl_Final Project_SD Local Gov Budget

This 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).

The policy interventation available is to adjust the savings rate. A slider allows the user to change the savings rate from 0 - 10%.

This model serves as the final project for Public Affairs 7572: Simulation & Modeling, offered Autumn 2014 through the John Glenn School of Public Affairs at The Ohio State University.

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