Article | Proceedings of the 13th International Modelica Conference, Regensburg, Germany, March 4–6, 2019 | Modeling Supply and Demand in Modelica Linköping University Electronic Press Conference Proceedings
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Title:
Modeling Supply and Demand in Modelica
Author:
Michael M. Tiller:
DOI:
10.3384/ecp19157365
Download:
Full text (pdf)
Year:
2019
Conference:
Proceedings of the 13th International Modelica Conference, Regensburg, Germany, March 4–6, 2019
Issue:
157
Article no.:
037
Pages:
10
No. of pages:
365-374
Publication type:
Abstract and Fulltext
Published:
2019-02-01
ISBN:
978-91-7685-122-7
Series:
Linköping Electronic Conference Proceedings
ISSN (print):
1650-3686
ISSN (online):
1650-3740
Publisher:
Linköping University Electronic Press, Linköpings universitet


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This paper demonstrates using component oriented modeling and acausal semantics to create a basic library of behavioral components to model supply and demand. The models presented are each steady state models. While some examples include shifting economic conditions that cause the equilibrium points to change during the simulation, none of the models feature dynamic states. The main purpose of this paper is to demonstrate to people unfamiliar with Modelica (Modelica Association 2017) how Modelica can be used to model non-engineering systems and how it makes such modeling faster, easier and less errorprone compared to other approaches (e.g., using spreadsheets).

Keywords: Modelica, economics, supply and demand

Proceedings of the 13th International Modelica Conference, Regensburg, Germany, March 4–6, 2019

Author:
Michael M. Tiller
Title:
Modeling Supply and Demand in Modelica
DOI:
http://dx.doi.org/10.3384/ecp19157365
References:
No references available

Proceedings of the 13th International Modelica Conference, Regensburg, Germany, March 4–6, 2019

Author:
Michael M. Tiller
Title:
Modeling Supply and Demand in Modelica
DOI:
https://doi.org10.3384/ecp19157365
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Last updated: 2019-11-06