http://simulistics.com
Install Simile:
https://simulistics.com/products/simile.php
In Products and Services, Choose Evaluation License, and select appropriate Operating System of your computer (Windows, MacOS, or Linux)
Learning Resources (see below):
Required: Systems Dynamics Guest Lecture by Dr. Charles Rose,
Additional reading, video tutorials, and demonstration models are provided below
Project 5 – Personal Budget Model:
1) Develop your Personal Finances dynamic simulation model using Simile software (http://simulistics.com).
Simile provides several Sample Models, and Tutorials, one of which is a Bank Account model – use it as a start! Project 4 Video Tutorials, as well as Demo Budget Model and my General Comments on Student Models are also available for you, once you get deeper.
Project requirements:
Include your sources of income and expenses, to reflect your job expectations and personal and family goals (for example, paying student loans off, buying/leasing a car, house mortgage, retirement savings, kids education/expenses, vacations, etc.).
Consider a long term time period covering your active professional life.
Your model should have at least 2 compartments (state variables, such as checking account, saving account, retirement account, etc…).
Consider interest rates, accumulated in these accounts.
Total number of symbols in free trial version is limited to 25. Try to use them all up;)
2) Create effective visualization tools in Model, Debug mode: create different types of charts, and table(s) in separate tabs and in different zones of the same tab.
3) Play with your model using:
Interval parameters settings (sliders), sketch graphs as inputs.
You can also use time(), IF, random functions,
Build several (at least 3) scenarios (to start a new scenario, just stop the model, but do not erase the previous run, and then run again).
Compare scenarios using output charts and tables.
[Tables can be exported to .csv files, and if you really like, you can use Tableau for your favorite charts. But Simile has enough tools for this assignments]
3) Discuss scenarios in a .DOC file, inserting screenshots with charts and tables as appropriate.
4) Submit your .DOC together with a model (.SML), and configuration – “helper file” (.SHF) to the Project 4: Systems Dynamics Simulation Modeling using Simile Dropbox
5) Open a new thread and demonstrate (screenshots) and discuss your model in Project 4: Systems Dynamics Simulation Modeling using Simile Discussion (Post screenshots, NOT entire model files!)
6) Resubmit the improved model and simulation results by the closing date, upon discussion.
