S. E. Blanch
ABSTRACT
This paper describes how a business model is created and used. In particular it focuses attention on a model which has been developed to represent a typical business comprising production, storage, distribution and demand in a competitive environment.
It describes the situation of the briquette industry in Victoria. The paper is presented not only to illustrate one successful and valuable application, but also to indicate the powerful nature of mathematical models and the way in which all businesses can be so represented. The example used in this paper to high-light the various aspects of model buildings fits into an emerging pattern of quantitative studies which are contributing toward the preparation of investment decisions by the State Electricity Commission of Victoria.
Index Terms
- A mathematical model of the briquette industry in Victoria
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