(001) "3m interest rate 1/y" =
"Central bank signal rate 1/y"
+ "Basic bank margin 1/y"
Units: 1/y
(018) Central bank signal rate 1/y
(008) Basic bank margin 1/y
Used by:
(027) Cost of capital for inv in new cap 1/y
(002) "Acceptable unemployment (1)" = 0.05
Units: 1 [0.04,0.06,0.001]
Used by:
(043) Effect of UN on wage rise (1)
(003) "Available funding for new capacity $/y" =
"Profits $/y"
* "Fraction of profits to new capacity (1)"
* "Effect of CU on AVF (1)"
Units: $/y
(039) Effect of CU on AVF (1)
(062) Fraction of profits to new capacity (1)
(119) Profits $/y
Used by:
(080) Investment in new capacity $/y
(004) Available workforce p =
Population p
* "Participation (1)"
Units: p
(115) Population p
(109) Participation (1)
Used by:
(147) Unemployment (1)
(005) "Average deliveries b/y" =
SMOOTHI ( "Deliveries b/y" ,
Deliveries averaging time y ,
"OO in 1980 b/y" )
Units: $/y
(032) Deliveries averaging time y
(033) Deliveries b/y
(096) OO in 1980 b/y
Used by:
(077) Inventory coverage y
(006) Average tenure y = 7
Units: y
Used by:
(066) Gross hiring p/y
(083) Leaving p/y
(007) "Banks margin 1/y" = 0.015
Units: 1/y
Used by:
(027) Cost of capital for inv in new cap 1/y
(008) "Basic bank margin 1/y" = 0.005
Units: 1/y
Used by:
(001) 3m interest rate 1/y
(009) "Capacity addition cu/y" =
Capacity under construction cu
/ Construction time y
Units: cu/y
(014) Capacity under construction cu - was 160
(059) Construction time y - was 2
Used by:
(010) Capacity cu
(014) Capacity under construction cu - was 160
(053) Fraction modernized 1/y
(010) Capacity cu =
INTEG( "Capacity addition cu/y"
- "Capacity discard cu/y" ,
CA in 1980 cu )
Units: cu
(009) Capacity addition cu/y
(011) Capacity discard cu/y
(058) CA in 1980 cu
Used by:
(011) Capacity discard cu/y
(053) Fraction modernized 1/y
(097) Optimal output b/y
(098) Optimal worforce p
(011) "Capacity discard cu/y" =
Capacity cu
/ Capital life y
Units: cu/y
(010) Capacity cu
(017) Capital life y
Used by:
(010) Capacity cu
(012) "Capacity initiation cu/y" =
"Investment in new capacity $/y"
/ "Cost of capacity $/cu"
Units: cu/y
(026) Cost of capacity $/cu - COC = 2.5 $/cu in equilibrium
(080) Investment in new capacity $/y
Used by:
(014) Capacity under construction cu - was 160
(013) "Capacity labor ratio cu/p" =
"Embedded CLR cu/p"
* "Effect of WSO on CLR (1)"
Units: cu/p [5,15]
(046) Embedded CLR cu/p
(044) Effect of WSO on CLR (1)
Used by:
(098) Optimal worforce p
(014) Capacity under construction cu =
INTEG( "Capacity initiation cu/y"
- "Capacity addition cu/y" ,
150)
Units: cu
was 160
(009) Capacity addition cu/y
(012) Capacity initiation cu/y
Used by:
(009) Capacity addition cu/y
(015) "Capacity utilization (1)" =
INTEG( "Change in capacity utilization 1/y" ,
1)
Units: dmnl
(019) Change in capacity utilization 1/y
Used by:
(019) Change in capacity utilization 1/y
(039) Effect of CU on AVF (1)
(116) Production b/y
(016) "Capital life mult from profitability (1)" =
1
+ ( "Profit margin (1)"
/ "Normal profit margin (1)"
- 1)
* sCLmfPM
Units: **undefined**
(091) Normal profit margin (1)
(118) Profit margin (1)
(130) sCLmfPM - was 0.1
Used by:
(017) Capital life y
(017) Capital life y =
Normal capital life y
* "Capital life mult from profitability (1)"
Units: y
(016) Capital life mult from profitability (1)
(088) Normal capital life y
Used by:
(011) Capacity discard cu/y
(018) "Central bank signal rate 1/y" =
INTEG( "Change in signal rate 1/yy" ,
0.02)
Units: 1/y
(024) Change in signal rate 1/yy
Used by:
(001) 3m interest rate 1/y
(024) Change in signal rate 1/yy
(019) "Change in capacity utilization 1/y" =
( "Desired capacity utilization (1)"
- "Capacity utilization (1)" )
/ CU adjustment time y
Units: 1/y
(015) Capacity utilization (1)
(029) CU adjustment time y
(036) Desired capacity utilization (1)
Used by:
(015) Capacity utilization (1)
(020) "Change in ECLR (cu/p/y)" =
( "Marginal CLR cu/p"
- "Embedded CLR cu/p" )
* "Fraction modernized 1/y"
Units: cu/(y*p)
(046) Embedded CLR cu/p
(053) Fraction modernized 1/y
(105) Marginal CLR cu/p
Used by:
(046) Embedded CLR cu/p
(021) "Change in ETFP 1/y" =
( "Mariginal TFP (1)"
- "Embedded TFP (1)" )
* "Fraction modernized 1/y"
Units: 1/y
(048) Embedded TFP (1)
(053) Fraction modernized 1/y
(084) Mariginal TFP (1)
Used by:
(048) Embedded TFP (1)
(022) "Change in population p/y" =
Population p
* IF THEN ELSE ( Time
> Pop change start yr ,
"RoC in population 1/y" ,
0)
Units: p/y
(000) Time - Internally defined simulation time.
(115) Population p
(113) Pop change start yr
(124) RoC in population 1/y
Used by:
(115) Population p
(023) "Change in price level 1/y" =
"Price level $/1980$"
* "Inflation 1/y"
Units: 1/y
(102) Price level $/1980$
(072) Inflation 1/y
Used by:
(102) Price level $/1980$
(024) "Change in signal rate 1/yy" =
( "Indicated signal rate 1/y"
- "Central bank signal rate 1/y" )
/ Signal rate adjustment time y
Units: 1/(y*y)
(018) Central bank signal rate 1/y
(071) Indicated signal rate 1/y
(135) Signal rate adjustment time y
Used by:
(018) Central bank signal rate 1/y
(025) CLR growth start year = 1990
Units: y [1980,2080,20]
Used by:
(105) Marginal CLR cu/p
(026) "Cost of capacity $/cu" =
"Cost ratio: Baskets per capacity unit (1)"
* "Price per unit in 1980 1980$/b"
Units: $/cu [0,5,0.1]
COC = 2.5 $/cu in equilibrium
(028) Cost ratio: Baskets per capacity unit (1)
(056) Price per unit in 1980 1980$/b
Used by:
(012) Capacity initiation cu/y
(027) "Cost of capital for inv in new cap 1/y" =
SMOOTHI ( "3m interest rate 1/y"
+ "Banks margin 1/y" ,
Finance sector response time y ,
"3m interest rate 1/y"
+ "Banks margin 1/y" )
Units: 1/y
(001) 3m interest rate 1/y
(007) Banks margin 1/y
(061) Finance sector response time y
Used by:
(038) Effect of BC on EROI (1)
(028) "Cost ratio: Baskets per capacity unit (1)" = 2.5
Units: b/cu [1.5,3.5,0.1]
Used by:
(026) Cost of capacity $/cu - COC = 2.5 $/cu in equilibrium
(029) CU adjustment time y = 0.25
Units: y [0,0.5,0.05]
Used by:
(019) Change in capacity utilization 1/y
(030) CU perception delay y = 0.5
Units: y [0.1,2,0.1]
Used by:
(039) Effect of CU on AVF (1)
(031) CUC in 1980 cu =
( CA in 1980 cu
/ Normal capital life y )
* Construction time y
Units: cu
(058) CA in 1980 cu
(059) Construction time y - was 2
(088) Normal capital life y
(032) Deliveries averaging time y = 0.25
Units: y [0,0.5,0.01]
Used by:
(005) Average deliveries b/y
(033) "Deliveries b/y" =
"Established demand $/y"
/ "Price per unit $/b"
Units: b/y
(050) Established demand $/y
(103) Price per unit $/b
Used by:
(076) Inventory b
(005) Average deliveries b/y
(057) Sales income $/y
(034) "Demand in 1980 $/y" =
"OO in 1980 b/y"
* "Price per unit $/b"
Units: $/y
(096) OO in 1980 b/y
(103) Price per unit $/b
Used by:
(050) Established demand $/y
(035) "Demand stimulus from 1980 (1)" = 0
Units: dmnl [0,0.02,0.005]
Used by:
(050) Established demand $/y
(036) "Desired capacity utilization (1)" =
1
+ "sCUmfINV<0"
* ( Perceived inventory coverage y
/ Normal inventory coverage y
- 1)
Units: dmnl
(107) Normal inventory coverage y
(111) Perceived inventory coverage y
(132) sCUmfINV<0
Used by:
(019) Change in capacity utilization 1/y
(037) "ECLR in 1980 cu/p" = 50
Units: cu/p [0,0.2,0.005]
was 12.5
Used by:
(046) Embedded CLR cu/p
(105) Marginal CLR cu/p
(038) "Effect of BC on EROI (1)" =
1
+ ( "Cost of capital for inv in new cap 1/y"
/ "Normal capital cost 1/y"
- 1)
* "sBCeoEROI<0"
Units: 1
(027) Cost of capital for inv in new cap 1/y
(087) Normal capital cost 1/y
(129) sBCeoEROI<0 - was -0.1
Used by:
(060) Expected ROI in new capacity (1/y)
(039) "Effect of CU on AVF (1)" =
1
+ SMOOTH3 ( ( "Capacity utilization (1)"
- 1)
* "sCUeoAVF>0" ,
CU perception delay y )
Units: dmnl
(015) Capacity utilization (1)
(030) CU perception delay y
(131) sCUeoAVF>0 - was 10
Used by:
(003) Available funding for new capacity $/y
(040) "Effect of EROI on FRP (1)" =
1
+ "sEROIeoFRP>0"
* ( "Expected ROI in new capacity (1/y)"
/ "Normal EROI 1/y"
- 1)
Units: 1
(060) Expected ROI in new capacity (1/y)
(106) Normal EROI 1/y
(133) sEROIeoFRP>0 - can be anything from 0 to 1
Used by:
(062) Fraction of profits to new capacity (1)
(041) "Effect of IN on wage decline 1/y" =
1
+ sINeoWSOdot
* ( "Inflation 1/y"
/ "Inflation target 1/y"
- 1)
Units: 1
(072) Inflation 1/y
(074) Inflation target 1/y
(137) sINeoWSOdot - should be >0
Used by:
(120) Real wage decline rate 1/y
(042) "Effect of OGR on FRP (1)" =
1
+ ( "Observed growth rate 1/y"
/ "Normal growth rate 1/y"
- 1)
* "sGReoFRP>0"
Units: dmnl
(090) Normal growth rate 1/y
(095) Observed growth rate 1/y
(134) sGReoFRP>0
Used by:
(062) Fraction of profits to new capacity (1)
(043) "Effect of UN on wage rise (1)" =
WITH LOOKUP( "Perceived unemployment (1)"
/ "Acceptable unemployment (1)" ,
([(0,0)-(2,2)],(0,2),(1,1),(2,0.6) )
)
Units: 1
(002) Acceptable unemployment (1)
(112) Perceived unemployment (1)
Used by:
(121) Real wage increase rate 1/y
(044) "Effect of WSO on CLR (1)" =
SMOOTH ( "Indicated effect of WSO on CLR (1)" ,
"Retooling time (1)" )
Units: 1
(069) Indicated effect of WSO on CLR (1)
(122) Retooling time (1) - was 1
Used by:
(013) Capacity labor ratio cu/p
(045) "Effect of WSO on PA (1)" =
1
+ "sWSOeoPA>0"
* ( "Worker share of output (1)"
/ "Normal worker share (1)"
- 1)
Units: 1
(155) Worker share of output (1)
(094) Normal worker share (1)
(141) sWSOeoPA>0 - A small value (0.1) gives a miniscule oscillation in
participation. A higher value gives more oscillation, but also
instability
Used by:
(070) Indicated participation (1)
(046) "Embedded CLR cu/p" =
INTEG( "Embedded CLR cu/p"
* "Change in ECLR (cu/p/y)" ,
"ECLR in 1980 cu/p" )
Units: cu/p
(020) Change in ECLR (cu/p/y)
(037) ECLR in 1980 cu/p - was 12.5
Used by:
(013) Capacity labor ratio cu/p
(020) Change in ECLR (cu/p/y)
(047) "Embedded labour productivity b/p/y" =
"Optimal output b/y"
/ Workforce p
Units: b/(y*p)
(157) Workforce p
(097) Optimal output b/y
Used by:
(055) Perceived labour productivity b/p/y
(048) "Embedded TFP (1)" =
INTEG( "Change in ETFP 1/y" ,
"ETFP in 1980 (1)" )
Units: 1
(021) Change in ETFP 1/y
(051) ETFP in 1980 (1) - 0.9 in Base Case
Used by:
(021) Change in ETFP 1/y
(097) Optimal output b/y
(049) epsilon TFP = 1
Units: 1 [0.8,1.2,0.1]
Used by:
(097) Optimal output b/y
(050) "Established demand $/y" =
SMOOTHI ( ( "Workers demand $/y"
+ "Owners demand $/y" )
* ( 1
+ "Demand stimulus from 1980 (1)" ) ,
Time to adjust demand pattern y ,
"Demand in 1980 $/y" )
Units: $/y [990,1010,1]
(034) Demand in 1980 $/y
(035) Demand stimulus from 1980 (1)
(099) Owners demand $/y
(144) Time to adjust demand pattern y
(156) Workers demand $/y
Used by:
(033) Deliveries b/y
(051) "ETFP in 1980 (1)" = 1
Units: 1 [0,1,0.1]
0.9 in Base Case
Used by:
(048) Embedded TFP (1)
(084) Mariginal TFP (1)
(097) Optimal output b/y
(052) FINAL TIME = 2060
Units: Year
The final time for the simulation.
(053) "Fraction modernized 1/y" =
"Capacity addition cu/y"
/ Capacity cu
Units: 1/y
(010) Capacity cu
(009) Capacity addition cu/y
Used by:
(020) Change in ECLR (cu/p/y)
(021) Change in ETFP 1/y
(054) INITIAL TIME = 1980
Units: Year
The initial time for the simulation.
Used by:
(000) Time - Internally defined simulation time.
(055) "Perceived labour productivity b/p/y" =
SMOOTHI ( "Embedded labour productivity b/p/y" ,
Productivity perception delay y ,
50)
Units: b/(y*p)
(047) Embedded labour productivity b/p/y
(117) Productivity perception delay y
Used by:
(150) Wage level ($/p/y)
(056) "Price per unit in 1980 1980$/b" = 1
Units: $/b [0.7,0.9,0.02]
Used by:
(026) Cost of capacity $/cu - COC = 2.5 $/cu in equilibrium
(057) Sales income $/y
(103) Price per unit $/b
(057) "Sales income $/y" =
"Deliveries b/y"
* "Price per unit in 1980 1980$/b"
Units: $/y
(033) Deliveries b/y
(056) Price per unit in 1980 1980$/b
Used by:
(085) Measured sales $/y
(119) Profits $/y
(058) CA in 1980 cu = 1000
Units: **undefined**
Used by:
(010) Capacity cu
(031) CUC in 1980 cu
(097) Optimal output b/y
(059) Construction time y = 1.5
Units: y
was 2
Used by:
(009) Capacity addition cu/y
(031) CUC in 1980 cu
(060) "Expected ROI in new capacity (1/y)" =
"Normal EROI 1/y"
* "Effect of BC on EROI (1)"
Units: 1/y
(038) Effect of BC on EROI (1)
(106) Normal EROI 1/y
Used by:
(040) Effect of EROI on FRP (1)
(061) Finance sector response time y = 0.5
Units: y [0,2,0.1]
Used by:
(027) Cost of capital for inv in new cap 1/y
(062) "Fraction of profits to new capacity (1)" =
"Normal FRP (1)"
* "Effect of OGR on FRP (1)"
* "Effect of EROI on FRP (1)"
Units: dmnl
(040) Effect of EROI on FRP (1)
(042) Effect of OGR on FRP (1)
(089) Normal FRP (1)
Used by:
(003) Available funding for new capacity $/y
(063) "FRP in 1980 (1)" = 0.625
Units: 1 [0.6,0.8,0.025]
Used by:
(089) Normal FRP (1)
(064) "FRP step (1)" = 0
Units: 1 [0,0.2,0.01]
0.6875 for 1 %/y growth, 0.625 for equilibrium. 0.6875 / .625 =
1.1
Used by:
(089) Normal FRP (1)
(065) FRP step start time = 1990
Units: y [1980,2080,20]
Used by:
(089) Normal FRP (1)
(066) "Gross hiring p/y" =
( Optimal worforce p
- Workforce p )
/ Hiring time y
+ Workforce p
/ Average tenure y
Units: p/y
(157) Workforce p
(006) Average tenure y
(067) Hiring time y
(098) Optimal worforce p
Used by:
(157) Workforce p
(067) Hiring time y = 0.5
Units: y [0,1,0.1]
Used by:
(066) Gross hiring p/y
(068) "IN in 1980 (1/y)" = 0
Units: 1/y
Used by:
(110) Perceived inflation 1/y
(069) "Indicated effect of WSO on CLR (1)" =
1
+ "sWSOeoCLR>0"
* ( "Worker share of output (1)"
/ "Normal worker share (1)"
- 1)
Units: 1
(155) Worker share of output (1)
(094) Normal worker share (1)
(140) sWSOeoCLR>0
Used by:
(044) Effect of WSO on CLR (1)
(070) "Indicated participation (1)" =
"Normal participation (1)"
* "Effect of WSO on PA (1)"
Units: 1
(045) Effect of WSO on PA (1)
(108) Normal participation (1)
Used by:
(109) Participation (1)
(071) "Indicated signal rate 1/y" =
"Normal signal rate 1/y"
* ( 1
+ "sINeoSR>0"
* ( "Perceived inflation 1/y"
/ "Inflation target 1/y"
- 1)
+ "sUNeoSR<0"
* ( "Perceived unemployment (1)"
/ "Unemployment target (1)"
- 1) )
Units: 1/y
(074) Inflation target 1/y
(092) Normal signal rate 1/y
(110) Perceived inflation 1/y
(112) Perceived unemployment (1)
(136) sINeoSR>0 - Should be 1
(139) sUNeoSR<0 - was -0.5
(149) Unemployment target (1)
Used by:
(024) Change in signal rate 1/yy
(072) "Inflation 1/y" =
"sINVeoIN<0"
* ( Perceived inventory coverage y
/ Normal inventory coverage y
- 1)
Units: 1/y
(107) Normal inventory coverage y
(111) Perceived inventory coverage y
(138) sINVeoIN<0 - was -0.5
Used by:
(023) Change in price level 1/y
(041) Effect of IN on wage decline 1/y
(110) Perceived inflation 1/y
(073) Inflation perception time y = 1
Units: y
Used by:
(110) Perceived inflation 1/y
(074) "Inflation target 1/y" = 0.02
Units: 1/y [0,0.05,0.01]
Used by:
(041) Effect of IN on wage decline 1/y
(071) Indicated signal rate 1/y
(075) "INV in 1980 $/y" = 250
Units: $/y
capacity in 1980 / life of capacity * cost of new capacity =
(1000 / 10 ) * 2.5
Used by:
(080) Investment in new capacity $/y
(076) Inventory b =
INTEG( "Production b/y"
- "Deliveries b/y" ,
"Production b/y"
* Normal inventory coverage y )
Units: u
(033) Deliveries b/y
(107) Normal inventory coverage y
(116) Production b/y
Used by:
(077) Inventory coverage y
(077) Inventory coverage y =
Inventory b
/ "Average deliveries b/y"
Units: Year
(076) Inventory b
(005) Average deliveries b/y
Used by:
(111) Perceived inventory coverage y
(078) Inventory perception delay y = 0.25
Units: y [0,0.5,0.01]
Used by:
(111) Perceived inventory coverage y
(079) Investment implementation time y = 0.25
Units: y [0,1,0.1]
Used by:
(080) Investment in new capacity $/y
(080) "Investment in new capacity $/y" =
SMOOTHI ( "Available funding for new capacity $/y" ,
Investment implementation time y ,
"INV in 1980 $/y" )
Units: $/y
(003) Available funding for new capacity $/y
(075) INV in 1980 $/y - capacity in 1980 / life of capacity * cost of new
capacity = (1000 / 10 ) * 2.5
(079) Investment implementation time y
Used by:
(012) Capacity initiation cu/y
(081) kappa CA = 0.4
Units: 1 [0,1,0.1]
was 0.3
Used by:
(097) Optimal output b/y
(082) lambda WF = 0.6
Units: 1 [0,1,0.1]
was 0.7
Used by:
(097) Optimal output b/y
(083) "Leaving p/y" =
Workforce p
/ Average tenure y
Units: p/y
(157) Workforce p
(006) Average tenure y
Used by:
(157) Workforce p
(084) "Mariginal TFP (1)" =
"ETFP in 1980 (1)"
* IF THEN ELSE ( Time
> TFP growth start year ,
EXP ( "RoC in TFP 1/y"
* ( Time
- TFP growth start year ) ) ,
1)
Units: 1
(000) Time - Internally defined simulation time.
(051) ETFP in 1980 (1) - 0.9 in Base Case
(125) RoC in TFP 1/y - was 0.01
(142) TFP growth start year
Used by:
(021) Change in ETFP 1/y
(085) "Measured sales $/y" =
SMOOTHI ( "Sales income $/y" ,
"Measurement delay 0.25 y" ,
1000)
Units: $/y
(057) Sales income $/y
(086) Measurement delay 0.25 y
Used by:
(095) Observed growth rate 1/y
(127) Sales one year ago $/y
(086) "Measurement delay 0.25 y" = 0.25
Units: y
Used by:
(085) Measured sales $/y
(087) "Normal capital cost 1/y" = 0.04
Units: 1/y
Used by:
(038) Effect of BC on EROI (1)
(088) Normal capital life y = 10
Units: y
Used by:
(017) Capital life y
(031) CUC in 1980 cu
(106) Normal EROI 1/y
(089) "Normal FRP (1)" =
"FRP in 1980 (1)"
* ( 1
+ STEP ( "FRP step (1)" ,
FRP step start time ) )
Units: 1 [0.6,0.8,0.01]
(063) FRP in 1980 (1)
(064) FRP step (1) - 0.6875 for 1 %/y growth, 0.625 for equilibrium.
0.6875 / .625 = 1.1
(065) FRP step start time
Used by:
(062) Fraction of profits to new capacity (1)
(090) "Normal growth rate 1/y" = 0.02
Units: 1/y [0,0.5,0.1]
Used by:
(042) Effect of OGR on FRP (1)
(091) "Normal profit margin (1)" = 0.2
Units: dmnl
Used by:
(016) Capital life mult from profitability (1)
(092) "Normal signal rate 1/y" = 0.02
Units: 1/y
Used by:
(071) Indicated signal rate 1/y
(093) "Normal turnover rate 1/y" = 0.12
Units: 1/y [0,0.15,0.01]
was 0.1
Used by:
(120) Real wage decline rate 1/y
(121) Real wage increase rate 1/y
(094) "Normal worker share (1)" = 0.6
Units: 1
Used by:
(045) Effect of WSO on PA (1)
(069) Indicated effect of WSO on CLR (1)
(095) "Observed growth rate 1/y" =
( "Measured sales $/y"
- "Sales one year ago $/y" )
/ ( "Sales one year ago $/y"
* Trend observation delay 1y )
Units: 1/y
(085) Measured sales $/y
(127) Sales one year ago $/y
(145) Trend observation delay 1y
Used by:
(042) Effect of OGR on FRP (1)
(096) "OO in 1980 b/y" = 1000
Units: $/y [6,7,0.1]
Used by:
(005) Average deliveries b/y
(034) Demand in 1980 $/y
(097) Optimal output b/y
(097) "Optimal output b/y" =
"OO in 1980 b/y"
* ( ( Capacity cu
/ CA in 1980 cu )
^ kappa CA )
* ( ( Workforce p
/ WF in 1980 p )
^ lambda WF )
* ( ( "Embedded TFP (1)"
/ "ETFP in 1980 (1)" )
^ epsilon TFP )
Units: b/y
(010) Capacity cu
(048) Embedded TFP (1)
(157) Workforce p
(049) epsilon TFP
(051) ETFP in 1980 (1) - 0.9 in Base Case
(058) CA in 1980 cu
(081) kappa CA - was 0.3
(082) lambda WF - was 0.7
(096) OO in 1980 b/y
(154) WF in 1980 p
Used by:
(047) Embedded labour productivity b/p/y
(116) Production b/y
(098) Optimal worforce p =
Capacity cu
/ "Capacity labor ratio cu/p"
Units: p
(010) Capacity cu
(013) Capacity labor ratio cu/p
Used by:
(066) Gross hiring p/y
(099) "Owners demand $/y" =
"Profits $/y"
Units: $/y
(119) Profits $/y
Used by:
(050) Established demand $/y
(100) "PA in 1980 (1)" = 0.5
Units: 1 [0.4,0.5,0.05]
Used by:
(109) Participation (1)
(101) Participation adjustment time y = 1.5
Units: **undefined** [0,3,0.5]
Used by:
(109) Participation (1)
(102) "Price level $/1980$" =
INTEG( "Change in price level 1/y" ,
1)
Units: dmnl
(023) Change in price level 1/y
Used by:
(023) Change in price level 1/y
(103) Price per unit $/b
(103) "Price per unit $/b" =
"Price per unit in 1980 1980$/b"
* "Price level $/1980$"
Units: $/b
(102) Price level $/1980$
(056) Price per unit in 1980 1980$/b
Used by:
(033) Deliveries b/y
(034) Demand in 1980 $/y
(150) Wage level ($/p/y)
(104) "Labour cost $/y" =
"Wage level ($/p/y)"
* Workforce p
Units: $/y
(157) Workforce p
(150) Wage level ($/p/y)
Used by:
(119) Profits $/y
(105) "Marginal CLR cu/p" =
"ECLR in 1980 cu/p"
* IF THEN ELSE ( Time
> CLR growth start year ,
EXP ( "RoC in CLR 1/y"
* ( Time
- CLR growth start year ) ) ,
1)
Units: cu/p
(000) Time - Internally defined simulation time.
(025) CLR growth start year
(037) ECLR in 1980 cu/p - was 12.5
(123) RoC in CLR 1/y - was 0
Used by:
(020) Change in ECLR (cu/p/y)
(106) "Normal EROI 1/y" =
1
/ Normal capital life y
Units: 1/y
(088) Normal capital life y
Used by:
(040) Effect of EROI on FRP (1)
(060) Expected ROI in new capacity (1/y)
(107) Normal inventory coverage y = 0.25
Units: y [0,0.5,0.05]
Used by:
(076) Inventory b
(036) Desired capacity utilization (1)
(072) Inflation 1/y
(108) "Normal participation (1)" = 0.5
Units: 1
Used by:
(070) Indicated participation (1)
(109) "Participation (1)" =
SMOOTHI ( "Indicated participation (1)" ,
Participation adjustment time y ,
"PA in 1980 (1)" )
Units: 1
(070) Indicated participation (1)
(100) PA in 1980 (1)
(101) Participation adjustment time y
Used by:
(004) Available workforce p
(110) "Perceived inflation 1/y" =
SMOOTHI ( "Inflation 1/y" ,
Inflation perception time y ,
"IN in 1980 (1/y)" )
Units: 1/y [-0.04,0.04,0.01]
(068) IN in 1980 (1/y)
(072) Inflation 1/y
(073) Inflation perception time y
Used by:
(071) Indicated signal rate 1/y
(111) Perceived inventory coverage y =
SMOOTH ( Inventory coverage y ,
Inventory perception delay y )
Units: **undefined**
(077) Inventory coverage y
(078) Inventory perception delay y
Used by:
(036) Desired capacity utilization (1)
(072) Inflation 1/y
(112) "Perceived unemployment (1)" =
SMOOTHI ( "Unemployment (1)" ,
Unemployment perception delay y ,
"UN in 1980 (1)" )
Units: 1
(146) UN in 1980 (1)
(147) Unemployment (1)
(148) Unemployment perception delay y
Used by:
(043) Effect of UN on wage rise (1)
(071) Indicated signal rate 1/y
(113) Pop change start yr = 1990
Units: y [1980,2080,20]
Used by:
(022) Change in population p/y
(114) Pop in 1980 p = 42
Units: p
workforce * ( 1 + unemployment ) / participation 20*(1.05)*2 = 42
Used by:
(115) Population p
(115) Population p =
INTEG( "Change in population p/y" ,
Pop in 1980 p )
Units: p
(022) Change in population p/y
(114) Pop in 1980 p - workforce * ( 1 + unemployment ) / participation
20*(1.05)*2 = 42
Used by:
(004) Available workforce p
(022) Change in population p/y
(116) "Production b/y" =
"Optimal output b/y"
* "Capacity utilization (1)"
Units: u/y
(015) Capacity utilization (1)
(097) Optimal output b/y
Used by:
(076) Inventory b
(117) Productivity perception delay y = 2
Units: **undefined** [0,10,1]
Used by:
(055) Perceived labour productivity b/p/y
(118) "Profit margin (1)" =
1
- "Worker share of output (1)"
Units: 1
(155) Worker share of output (1)
Used by:
(016) Capital life mult from profitability (1)
(119) "Profits $/y" =
"Sales income $/y"
- "Labour cost $/y"
Units: $/y
(057) Sales income $/y
(104) Labour cost $/y
Used by:
(003) Available funding for new capacity $/y
(099) Owners demand $/y
(120) "Real wage decline rate 1/y" =
"Normal turnover rate 1/y"
* "Effect of IN on wage decline 1/y"
Units: 1/y
(041) Effect of IN on wage decline 1/y
(093) Normal turnover rate 1/y - was 0.1
Used by:
(158) WSO decrease 1/y
(121) "Real wage increase rate 1/y" =
"Normal turnover rate 1/y"
* "Effect of UN on wage rise (1)"
Units: **undefined**
(043) Effect of UN on wage rise (1)
(093) Normal turnover rate 1/y - was 0.1
Used by:
(160) WSO increase 1/y
(122) "Retooling time (1)" = 1
Units: y [0.5,1.5,0.1]
was 1
Used by:
(044) Effect of WSO on CLR (1)
(123) "RoC in CLR 1/y" = 0.015
Units: 1/y [-0.02,0.02,0.001]
was 0
Used by:
(105) Marginal CLR cu/p
(124) "RoC in population 1/y" = 0.01
Units: 1/y [0,0.03,0.005]
Used by:
(022) Change in population p/y
(125) "RoC in TFP 1/y" = 0.007
Units: 1/y [-0.02,0.02,0.001]
was 0.01
Used by:
(084) Mariginal TFP (1)
(126) "Sales in 1979 $/y" = 1000
Units: $/y [950,1050,5]
Used by:
(127) Sales one year ago $/y
(127) "Sales one year ago $/y" =
SMOOTHI ( "Measured sales $/y" ,
Trend observation delay 1y ,
"Sales in 1979 $/y" )
Units: $/y
(085) Measured sales $/y
(126) Sales in 1979 $/y
(145) Trend observation delay 1y
Used by:
(095) Observed growth rate 1/y
(128) SAVEPER = 0.1
Units: Year [0,?]
The frequency with which output is stored.
(129) "sBCeoEROI<0" = -0.1
Units: 1 [-0.1,0,0.01]
was -0.1
Used by:
(038) Effect of BC on EROI (1)
(130) sCLmfPM = 0
Units: dmnl [0,0.5,0.01]
was 0.1
Used by:
(016) Capital life mult from profitability (1)
(131) "sCUeoAVF>0" = 0
Units: **undefined** [-10,10,0.5]
was 10
Used by:
(039) Effect of CU on AVF (1)
(132) "sCUmfINV<0" = -0.5
Units: 1 [-1,0,0.01]
Used by:
(036) Desired capacity utilization (1)
(133) "sEROIeoFRP>0" = 0.4
Units: 1 [0,1,0.05]
can be anything from 0 to 1
Used by:
(040) Effect of EROI on FRP (1)
(134) "sGReoFRP>0" = 0
Units: 1 [0,0.1,0.01]
Used by:
(042) Effect of OGR on FRP (1)
(135) Signal rate adjustment time y = 0.3
Units: **undefined**
Used by:
(024) Change in signal rate 1/yy
(136) "sINeoSR>0" = 0
Units: 1
Should be 1
Used by:
(071) Indicated signal rate 1/y
(137) sINeoWSOdot = 0
Units: 1
should be >0
Used by:
(041) Effect of IN on wage decline 1/y
(138) "sINVeoIN<0" = -0.2
Units: 1 [-0.3,0,0.01]
was -0.5
Used by:
(072) Inflation 1/y
(139) "sUNeoSR<0" = -1
Units: 1/yy [-0.1,0,0.01]
was -0.5
Used by:
(071) Indicated signal rate 1/y
(140) "sWSOeoCLR>0" = 0.6
Units: 1 [0,1,0.05]
Used by:
(069) Indicated effect of WSO on CLR (1)
(141) "sWSOeoPA>0" = 0.1
Units: 1 [0,1,0.1]
A small value (0.1) gives a miniscule oscillation in
participation. A higher value gives more oscillation, but also
instability
Used by:
(045) Effect of WSO on PA (1)
(142) TFP growth start year = 1990
Units: y [1980,2080,20]
Used by:
(084) Mariginal TFP (1)
(143) TIME STEP = 0.0625
Units: Year [0,?]
The time step for the simulation.
(144) Time to adjust demand pattern y = 0.3
Units: y [0,1,0.05]
Used by:
(050) Established demand $/y
(145) Trend observation delay 1y = 1
Units: y
Used by:
(095) Observed growth rate 1/y
(127) Sales one year ago $/y
(146) "UN in 1980 (1)" = 0.05
Units: **undefined** [0.04,0.06,0.001]
Used by:
(112) Perceived unemployment (1)
(147) "Unemployment (1)" =
( Available workforce p
/ Workforce p )
- 1
Units: 1
(157) Workforce p
(004) Available workforce p
Used by:
(112) Perceived unemployment (1)
(148) Unemployment perception delay y = 0.5
Units: y [0,1,0.1]
Used by:
(112) Perceived unemployment (1)
(149) "Unemployment target (1)" = 0.05
Units: 1
Used by:
(071) Indicated signal rate 1/y
(150) "Wage level ($/p/y)" =
"Perceived labour productivity b/p/y"
* "Price per unit $/b"
* "Worker share of output (1)"
* ( 1
+ STEP ( "Wage step (1)" ,
Wage step start year ) )
Units: $/y
(155) Worker share of output (1)
(055) Perceived labour productivity b/p/y
(103) Price per unit $/b
(151) Wage step (1)
(152) Wage step start year
Used by:
(104) Labour cost $/y
(153) Wages $/y
(151) "Wage step (1)" = 0
Units: **undefined** [-0.02,0.02,0.005]
Used by:
(150) Wage level ($/p/y)
(152) Wage step start year = 2000
Units: **undefined** [1980,2100,10]
Used by:
(150) Wage level ($/p/y)
(153) "Wages $/y" =
"Wage level ($/p/y)"
* Workforce p
Units: $/(y*p)
(157) Workforce p
(150) Wage level ($/p/y)
Used by:
(156) Workers demand $/y
(154) WF in 1980 p = 20
Units: p
Used by:
(157) Workforce p
(097) Optimal output b/y
(155) "Worker share of output (1)" =
INTEG( "WSO increase 1/y"
- "WSO decrease 1/y" ,
"WSO in 1980 (1)" )
Units: 1
(158) WSO decrease 1/y
(159) WSO in 1980 (1)
(160) WSO increase 1/y
Used by:
(045) Effect of WSO on PA (1)
(069) Indicated effect of WSO on CLR (1)
(118) Profit margin (1)
(150) Wage level ($/p/y)
(158) WSO decrease 1/y
(160) WSO increase 1/y
(156) "Workers demand $/y" =
"Wages $/y"
Units: $/y
(153) Wages $/y
Used by:
(050) Established demand $/y
(157) Workforce p =
INTEG( "Gross hiring p/y"
- "Leaving p/y" ,
WF in 1980 p )
Units: p
(066) Gross hiring p/y
(083) Leaving p/y
(154) WF in 1980 p
Used by:
(047) Embedded labour productivity b/p/y
(066) Gross hiring p/y
(083) Leaving p/y
(097) Optimal output b/y
(104) Labour cost $/y
(147) Unemployment (1)
(153) Wages $/y
(158) "WSO decrease 1/y" =
"Worker share of output (1)"
* "Real wage decline rate 1/y"
Units: 1/y
(155) Worker share of output (1)
(120) Real wage decline rate 1/y
Used by:
(155) Worker share of output (1)
(159) "WSO in 1980 (1)" = 0.6
Units: 1 [0.4,0.6,0.01]
Used by:
(155) Worker share of output (1)
(160) "WSO increase 1/y" =
"Worker share of output (1)"
* "Real wage increase rate 1/y"
Units: 1/y
(155) Worker share of output (1)
(121) Real wage increase rate 1/y
Used by:
(155) Worker share of output (1)