Please DO NOT USE CHAT GPT OR AI$,$ DRAW THE DIAGRAMS ACCORDING TO THE INSTRUCTIONS

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Mapping Stocks and Flows networks

A manufacturing firm maintains an inventory of finished goods from which it ships to

customers. Customer orders are filled after a delay caused by order processing,

credit checks, etc.

$($i$)$ Display your comprehension of SFD: Map the stock and

flow structure, drawing on the following variables: Inventory, Raw

Materials, Production, Order Backlog, Order Rate.

$($ii$)$ add sufficient commentary and explanation so that the

meaning of each variable, the reasoning behind each formulation, and the

data sources for each reflect your comprehension of the problem.

$($iii$)$ Make parameter values clear to your audience. Describe, in

writing, the rationale for each variable, formulation, and sources for each

parameter. Display your understanding of stocks, flows, Variables, etc.

$($iv$)$ Display your CLD expertise: Denote and label causal

loops with appropriate names and labels. $($Always provide checks that

every equation is dimensionally consistent. Dimensional errors are usually

symptoms of more serious conceptual difficulties$).$

$($v$)$ The following changes are introduced to the system:

a$)$ What happens when you initialize the stock at zero inventory? Briefly

explain the dynamics experienced.

b$)$ How does the dynamics change as the material delivery frequency

increases? Does changing the stock delivery frequency influence stock

availability? Explain why or why not with reference to the structure of the

model.

c$)$ How does the dynamics change as stock availability fluctuates? Explain.

d$)$ What advice would you give the materials supervisor with regards to the

situation?

$($vi$)$ Critique your model of Stocks and Flows in $($i$).$

The model you have developed so far is very simple. Briefly critique its

formulation and list the major assumptions you view as unrealistic.