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    Modeling Scenario
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    1-118-SolowEconomicGrowth-ModelingScenario
    Students construct and analyze the celebrated Solow-Swan model of economic growth theory. The project is divided into three sequential parts to teach students to understand, develop, and analyze a simple nonlinear model of economic dynamics.
    optimizationeconomicssteady stategrowthSolow-Swan modelcapitalproductionlaborGolden Rule of Economic Growth
    Modeling Scenario
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    1-003-CollegeSavings-ModelingScenario
    We present a modeling opportunity for students in which they have to plan and model for saving for a child's complete college education.
    collegesavingsinterest ratecollege costsensitiviyty
    Modeling Scenario
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    1-054-GrowthInFarmland-ModelingScenario
    An enriching project developing a model from data with missing temporal information is described. Students fit functions to the data that leads to the creation of a differential equations model, which they then are required to analyze in multiple...
    fittingfarmfarmland
    Modeling Scenario
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    1-109-EmployeeAttrition-ModelingScenario
    This scenario models the loss of employees and the employer's attempt to retain them through stock options. It most naturally is solved with a first-order linear decay model with two populations.
    populationlinear growthdecayemployeeattrition
    Modeling Scenario
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    5-026-Evictions-ModelingScenario
    In this project, students develop two SIS models to study eviction trends in a population of non-homeowner households using an actual eviction rate. Students can calculate solutions, sketch the phase portrait, and determine long-term trends .
    carrying capacitycompartmentevictionhomeownerSIS modelhomelessness
    Modeling Scenario
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    1-022-SpreadOfTechnologies-ModelingScenario
    We examine plots on the spread of technologies and ask students to estimate and extract data from the plots and then model several of these spread of technologies phenomena with a logistic differential equation model.
    data analysistechnologylogisticspreadinnovation
    Modeling Scenario
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    1-040-OutcomeSavings-ModelingScenario
    We ask students to build a model for a savings account and to determine the monthly deposit in a savings account in order meet a long term savings goal.
    Pop_Growth Pilotsavingsgrowthdepositg
    Modeling Scenario
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    1-001d-HotelPopulationDecay-ModelingScenario
    You will be modeling the following situation: 100 people are in a hotel. Each day, each person has a random chance of 50% of leaving the hotel. No new people enter the hotel. Before you run the simulation in MATLAB, answer some questions.
    simulationlogisticexponential decayfitting
    Modeling Scenario
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    1-060-SalesMarketing-ModelingScenario
    We lead students through a sales forecasting model based on marketing principles first espoused by F. M. Bass with definitions, assumptions, equations, and data on sales over 15 year periods against which models may be tested.
    marketingBass modelsalesconsumer productsinnovatorsimitators
    Modeling Scenario
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    6-065-InternetPlatformUsers-ModelingScenario
    A model estimating the volume of users interacting through a two-sided Internet platform (allowing interaction of two types of users) will teach students how to analyze a 2-dimensional dynamical system.
    dynamicsflowconservedfixed pointscycletinternet platformdiverghenceJacobianattractingrepellingnodesstablesaddlespiral
    Modeling Scenario
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    1-009-ICUSpread-ModelingScenario
    We offer students the opportunity to model the percentage of voluntary nonprofit hospitals in the United States with Intensive Care Units during the period of 1958-1974.
    logisticsum of square errorsIntensive Care Unithospitalspread
    Modeling Scenario
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    7-008-MachineReplacement-ModelingScenario
    Students build an integro-differential equation model using a convolution for machine replacement strategies for two different machine failure models.
    Probabilityreplacement numberLaplace transformindustrial engineeringmachineconvolutiondistributiojstep functionderivative definition
    Modeling Scenario
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    1-044-CollegeBound-ModelingScenario
    Preparing for four years of college for a friend of the family's newborn is the task. Making assumptions about costs, timing, interest rates, and fiscal capabilities are the order of the day.
    interest ratecollege savingtuitionroom and board
    Modeling Scenario
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    1-119-DairyFarming-ModelingScenario
    A simple first order population growth model is presented. The challenge is to produce a final differential equation which is the result of the difference or ratio of birth and death rates. This ratio is not immediately intuitive.
    population dynamicsdairyfarmers' marketsgrowthcow
    Modeling Scenario
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    1-006-Financing-ModelingScenario
    We describe two situations, one in which we are saving for a purpose and one in which we are borrowing for a purpose. In the first case we ask for discrete and continuous model of the situation and in the second case we ask that the results of...
    financesavingsloaninterest ratepayment
    Modeling Scenario
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    1-027-StochasticProcesses-ModelingScenario
    We build the infinite set of first order differential equations for modeling a stochastic process, the so-called birth and death equations. We will only need to use integrating factor solution strategy or DSolve in Mathematica for success.
    VarianceMeanstochasticrandomoperations researchindustrial engineeringPoisson processtraffic
    Modeling Scenario
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    1-165-FlushToilet-ModelingScenario
    This activity analyzes the spread of a technological innovation using the Bass Model from Economics. The equation is a first-order, two-parameter separable equation and the solution has a characteristic S-shaped curve or sigmoid curve.
    juliaDiffusioninnovationrate of innovationBass modelSolver