Supply | Insight Maker

Assignment#3: Complex Systems

Real Estate Market Modeling diagram

This diagram implies the simple supply and demand concept to show the relationship of different roles in the real estate market and how they affect the price of houses, buyers and sellers.

The motivations are based on the concept, when the houses’ price goes down (demand goes down) there will be more people interested in buy a new house (supply goes up).

The simulation will show the range within 36 months as units. It demonstrates the comparison of price, houses buyers and Houses for sale.

Sai Tung Samson Ghiu 43106854 Assignment 3

Sai Tung Samson Ghiu

Mind map example of a medication management project.

See also IM-692 for CLD

Medication Management Map

Geoff McDonnell

Supply and Demand tend to oscillate back and forth though wastage is a constant.

balancing of the blood supply chain using the base stock policy

Alfred Oki

3

Summary of Ch 16 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Aggregate Supply

Geoff McDonnell

Supply and Demand tend to oscillate back and forth though Price.

Clone of Supply and Demand/SFD

Isaiah Ritzmann

FBE WIP

Hospital Electrical Supply Loss

Geoff McDonnell

This simple high level model shows the basic feedback balancing loop for health services. There are many other loops and component interactions at multiple scales that add to the complexity See areas of expenditure IM for some component splits and hospital value IM for some service linkages

Health Care Supply Demand Dynamics

Geoff McDonnell

השינויים בביקוש ובהיצע כתלות בעיכובים בהעברת המידע

Clone of Supply and Demand/SFD

David Codish

Supply and Demand tend to oscillate back and forth though Price.

Clone of Supply and Demand/SFD

Lukas Hartwig

The real estate market is heavily influenced by social and economical factors that effect the price of dwellings. Two of the main factors that contribute to not only the housing market but most consumables are supply and demand.

Supply is the amount of one good or service in that market. A market driven economy could utilize supply to regulate price. Generally, if the supply is higher than the demand for that good the price will be lower. If the supply is lower than the demand, the price will tend to increase.

Demand is the amount of consumers that want/need that good or service. Price is also influenced by demand. Generally, if the demand is higher than the supply the price will increase. If the demand is lower than the supply, the price tends to decrease.

Price can be derived from demand and supply.

The following model depicts how the changes in supply and demand of Households effect pricing. The sliders replicate how each of the variables interact with price.

Secondary factors, such as interest rate, foreign investors and government policies also all weigh in on determining a price for a dwelling.

William Pale 42877083 (Assignment 3)

William Pale

Simple Health Care Supply and Demand Interactions

Clone of Health Care Supply Demand

sumayeah hasib

The dynamics of health care spending, or why it keeps growing. Adapted from Fig 7.6 p154 of Sauwakon Ratanawijitrasin's PhD thesis SUNY Albany 1993 "The dynamics of health care finance: A feedback view of system behavior."

Clone of Health Care Spending Dynamics

Peter Stein

Documentation

The Insight shown demonstrates how demand and supply in a real estate market can affect pricing.

Demand, Supply and Price have been represented by stocks. Each has an inflow where it has an increase in stock, and a corresponding outflow where stock is decreased.

Linking each stock and flow is a variable that changes that which it is linked to. These have been labelled appropriately. Each variable takes a decimal value and multiplies it with that it is linked to, such as the rate of demand affecting the price set as 0.001*Demand. This is to generate the loops required to show the rise and fall in price, demand and supply.

Adjustments can be made to the price, supply and demand stocks to simulate different scenarios. Price can be between 400 (400,000) and 1000 (1,000,000) in accordance to average housing prices. Demand and supply can be between 0 (0%) and 100 (100%), although having these set as realistic figures will demonstrate the simulation best.

Each simulation can be focused on how either demand and price interact over time or supply and price. These are shown in different tabs.

When the simulation is carried out, the way in which demand and supply rates affect pricing can be seen. Demand and supply are shown with price following shortly after with a slight delay, since changes in market behavior does not immediately affect prices of housing.

It should also be noted that the lines that represent each stock do not directly reflect the prices of housing in reality. Prices do not fluctuate so rapidly from 400 to near 0 like they do on the graph, however these are just representations of the interactions between each stock in a marketplace.

Clone of Zachary Chapman - 43309399 - Assignment 3 Final

Isaiah Ritzmann

Supply and Demand tend to oscillate back and forth though Price.

Clone of Supply and Demand/SFD

Jeb Eddy

Supply and Demand tend to oscillate back and forth though Price.

Clone of Supply and Demand/SFD

Steven Lee

Based on Navid G et al 2013 paper with draft here

International vs National Post-Graduates

Geoff McDonnell

Supply and Demand tend to oscillate back and forth through Price.

Clone of Supply and Demand/CLD

Brian Dowling

Real Estate Marketplace

The model shown provides a visual representation of the processes that occur when Buyers (Demand), the Sale of Homes (Supply) as well as Price interact when it comes to the Real Estate Marketplace.

Price is the main factor that ultimately influences the movement of both supply and demand within the real estate marketplace. Those considering purchasing a new home will be influenced to buy when prices are lower than that of the median price whereas sellers prefer to sell their homes higher than the median price in order to make a higher return.

MGMT220_ASSIGNMENT_3: Noelle Parra - 4327 1790

Noelle Parra

This simulation shows the relation ship between the number of houses for sale (Supply), the amount of people searching for home (Demand) and how these factors affect the prices within the real estate market, with the purpose of forecasting when the best time to buy and sell property is. It is assumed in this model that the number of houses are a constant, as we are looking at existing housing infrastructure rather than an emerging market or apartment buildings.

This model spans over 20 years, showing the long-term flow of the real estate market within this time frame. Price is a linear function of the number of houses for sale (positive) and also a liner function of the number of people searching for homes (negative).

Demand Elasticity Of price, Price Elasticity of Demand, Price elasticity of Supply, Supply Elasticity of Price and Interest rates can all be adjusted through the use of the sliders to create different scenarios with supply, demand and interest rates. The sales variable passes information into both the buying and sold variables upon completion of a relevant transaction.

While demand is low, the price is typically low too, however the supply of houses is high. While the demand is high the price is driven up and the supply of houses is lower than the demand.

MGMT220 - Assignment 3 - 43808719 - Chris Houston

Chris Houston

Simple Health Care Supply and Demand Interactions

Clone of Health Care Supply Demand

Sharifah Nuralina

Author: Brandon Sultana 43268080

This is a 3 year model that depicts the flows between Price, Supply and Demand in the real-estate market.

Throughout the model viewers can observe how the figures Price, Supply and Demand alter each other in an increasing or decreasing way.

Price is decreased by the growing supply of HousesForSale and increased by the growing demand of people wanting to buy. As Price decreases, HousesForSale increases and Price decreases as HousesForSale increase.

From the use of the graph it is evident that over 3 years the flow of house prices fluctuate and therefore more houses are sold at different times over 3 years.

The purpose of this insight is to help consumers and Businesses depict the best times to either buy or sell houses to maximize profits.

Additionally the market had to respect the number of possible consumers who are opting to build new houses, based on the rise and fall of house prices the real-estate analyses the new houses and residents in the area grow overtime.

Due to population growth, This cycle remains continuous so long as the real-estate company manages their resources effectively

Clone of Real-Estate Cycle Brandon Sultana 43268080

William Pale

The housing market is heavily dependent on two main factors; supply and demand. Both play a major role in determining an equilibrium price for both sellers and buyers in the real estate market.

Residents, or the general population of individuals, place significant reliance on financial institutions to provide sources of capital i.e mortgages, to fund their purchases of homes. The rate of interest charged by these organisations in turn gives buyers (consumers) purchasing power, creating demand.

Supply is made up of the number of houses in the market, and consequently, of these, the number of houses which are up for sale. As the prices of houses for sale increases, the demand for purchase of these properties decreases. Conversely, the lower price, the higher the demand. Once the market reaches an equilibrium point, to which buyers and sellers form an agreement, houses are sold accordingly. An underlying factor to consider is the cost of construction, which impacts producers, or suppliers in this instance, and thus the number of homes for sale, and the expected profit sellers hope to achieve.

The simulated graph highlights the common scenario within the housing market, to which we see that as price increases, the total number for houses for sale decreases, generating an opposite slope to the price. As the price for houses increases, the demand for the houses decreases and vice versa. The equilibrium is evident at time 14 whereby the price of houses and the number of houses for sale overlaps which in turn creates a market to which both buyers and sellers are happy.

Clone of The effect of Supply and Demand on the Housing Market Assignment 3 (43323871)

nat borto

The first task is to define what is an optometrist and to outline a career path.

The first issue is how to select and keep optometry students. The main theme is balance out student expectations with reality (see first task) especially when many students use optometry as a proxy for later entry into a medical course.

The second problem is that the current entry demographic does not meet the needs in terms of culture and expected practice location Unfolding version of IM-569 by keith Masnick

Clone of optometry student recruitment, training, retention and expectations

Geoff McDonnell