TechWorkRamblings

by Mike Kalvas

202402241530 One stock with delays

#new

Business inventories are examples of single stock systems with delays. The inflows to the system are the supply of goods whether produced or bought. The outflow is the sales of those products. The feedback loops are the flow of information that dictate how much ordering or production of goods should be done based on things like the current rate of sales and the predicted demand in the future. These delays across time can be extreme in the case where custom production takes a long time per order or minimal in the case where flow is predictable. There can also be informational delays like lagging perception.1


  1. Meadows, D. H., & Wright, D. (2011). Thinking in systems: A primer (Nachdr.) (pp. 51–58). Chelsea Green Pub.