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What is Stock

Chapter 35
Encyclopedia of Decision Making and Decision Support Technologies
An object in a dynamic systems simulation that represents some aspect of the state of system which may change over time.
Published in Chapter:
Dynamic System Simulation for Decision Support
Norman Pendegraft (University of Idaho, USA) and Mark Rounds (University of Idaho, USA)
Copyright: © 2008 |Pages: 7
DOI: 10.4018/978-1-59904-843-7.ch035
Abstract
Simulation is a powerful methodology for decision support because it allows managers to experiment with models prior to implementing a policy or decision. There are several approaches to computer simulation: continuous event simulation, discrete event simulation, and Monte Carlo simulation. Continuous event simulation can be used to model dynamic system which cannot otherwise be easily modeled.
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Chapter 582
Systems Thinking and the Internet from Independence to Interdependence
is the accumulation of a variable such as asset, debt, energy, morale, and reputation. Stock represents the status of a variable at a given point in time, that is, a snapshot of reality.
Published in Chapter: Systems Thinking and the Internet from Independence to Interdependence; From: Encyclopedia of Information Science and Technology, Second Edition
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