Accounting Equations

It is often useful to add in summary measurement equations for a model The most interesting measures in this example are total cumulative cost, and project completion time.

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With Equations:

cost = total workforce * labor cost

Units: $/Month

Cumulative Cost = INTEG(

 cost,

  0)

Units: $

Project Completion Time = SAMPLE IF TRUE(project was done = 0,Time,0)

Units: Month

The function SAMPLE IF TRUE is used to return Time until project was done is true and stay constant thereafter. This formulation will capture restarts that might occur because of low quality.

WAGE RATE = 6000

Units: $/Month/Person

WAGE RATE includes benefits.