Stock

System Dynamics element. Stock as well as flow is a fundamental element of stock and flow diagram. 

In System Dynamics stocks  (also known as levels, accumulations, or state variables) are used to represent the real-world processes (e.g. stocks of material, knowledge, people, money). Stocks define static part of the system. Flows define how values of stocks change in time and thus define the dynamics of the system. 

You can find more information on stocks and flows in wikipedia: http://en.wikipedia.org/wiki/Stock_and_flow.

Here are some examples of stocks and flows:

Stock Inflows Outflows
bank balance     
   
deposits
interest 
withdrawals 
housing stock              housing investment   housing depreciation 
CO2 in atmosphere           tons emitted    tons sequestered   
population              births
immigration
deaths
emigration   
fuel tank                 refueling fuel consumption

 To add a stock

  1. Drag the Stock element from the  System Dynamics palette onto the graphical diagram of agent.
  1. Go to the Properties view.
  2. Specify the name of the stock in the Name edit box.
  3. Specify the initial value of the stock in the Initial value property. You can type here some value, or a formula dealing with variables or parameters. 
When you mention some elements in initial value, you should draw links from those elements to this stock first. There is however, link autocreation mechanism - you may just specify the formula - when finished typing, the error indicator will be shown to the left of the formula.

Click this indicator to show the popup menu with items offering you to create missing links from the mentioned elements to this stock. Choosing an item from the list you create the corresponding missing link. You can subsequently create all missing links in such an easy way:

  1. By default the formula of the stock is generated automatically according to flows flowing and out of this stock. If anyhow you need to overcome the limitations of classic system dynamics formula of the stock and want to edit it by yourself by adding some variables and functions (e.g. this stock is used in a system of differential equations in dynamic system model), select the Custom option from the Equation mode group of buttons and specify the formula in the d(stock_name)/dt field.
  2. If this stock has multiple dimensions, make it an array as described here and then initialize its elements.
  3. If you explicitly specify units of measurements for elements of your stock and flow diagram, do it for this stock. Go to the Advanced properties section and select the System dynamics units checkbox and type the unit name in the edit box (you can find more information on units and unit checking here.)
  4. If needed, you can resize the stock icon and change its fill color, see below.

Properties

General properties

Name – The name of the stock. The name is used to identify and access the stock in formulas.

Show name – If selected, the name of the stock is displayed on the presentation.

Ignore – If selected, the stock is excluded from the model.

Visible on upper level – If selected, the variable is also visible on the upper level where this agent lives.

Show at runtime – If selected, the stock is visible on the presentation at runtime.

Color – The fill color of the stock icon.

Array – If selected, the stock may have several dimensions - it is an array. Properties for array variables look slightly different. Instead of one field defining the formula for the stock, there can be several fields defining formulas for some particular elements or sub-arrays. To add new section allowing to define one more formula, click the Add formula button. Defining formulas for array elements and sub-arrays is described here.

Initial value – The initial value of the stock.
In the case the stock is a scalar, just type here the value. If none is specified, the stock is initiliazed with 0.
In the case the stock is an array, initialize it as described here. If initial value is not specified, all elements of the array are initialized with zeros.

Equation mode – Here you can choose the equation definition mode, either Classic or Custom. In Classic mode the stock formula is non-editable, it is automatically generated according to the stock and flow diagram created by the user. In Custom mode the formula of the stock is editable, the user can use any variables nad functions there without any limitations. Equation modes are described in details here.

d(stock_name)/dt = – [Enabled if the Equation mode is Custom] The right hand of the differential equation defining how the stock value will change.
In the case this flow is of array type, there can be several fields defining formulas for some particular elements or sub-arrays of the array. To add new section allowing to define one more formula, click the Add formula button. Defining formulas for array elements and sub-arrays is described here.

Array dimensions

Array properties are available only if this stock is of array type. To make the variable an array, select the Array check box on the General property page.

Available dimensions – The list of dimensions defined in this model.

Selected dimensions – The list of dimensions that will act as dimensions of this array variable.

These properties are used to define dimensions of the array variable.
Please refer to the Defining an array variable section for details.

Advanced
System dynamics units – If selected, you will be able to specify units of measurements for this variable in the edit box to the right. Having specified units for all elements of your stock-and-flow diagram, you may perform unit checking to find out dimension inconsistencies in your model.

Commonly there are flows going in or/and out of the stock. You can find the full information on creating stock-flow dependencies here. The complete process of creating a simple system dynamics model is described in the System dynamics tutorial.

Classic and custom modes

AnyLogic supports two alternative modes of defining stock formula: Classic and Custom

Classic

AnyLogic automatically generates a formula for a stock according to the stock-and-flow diagram created by the user. 

Stock value is calculated according to flows inflowing and outflowing the stock. The value of inflows i.e. flows that increase stock value, are added and the value of outflows, i.e. flows that decrease the stock are subtracted from the current value of the stock:

inflow1 + inflow2 … - outflow1 - outflow2 …

In the classic system dynamics notation only flows can appear in the formula. The formula is non-editable and no other elements except for flows flowing in and out the stock can appear in the formula.

Custom

Sometimes you may need to overcome the limitations of the classic system dynamics notation and use some other elements in stock formula or e.g. add some ratio factors for the existing flows. You may need this e.g. if you model a dynamic system with a differential equation system. For this case Anylogic supports Custom equation style that enables the user to modify the stock formula and does not imply any limitations on types of elements used in the formula.

In the custom equation mode the formula of the stock is editable, the user can write any expression (actually the right hand of the differential equation) in the stock's d(stock_name)/dt = formula field.


Please note that choosing Custom equation mode, you become responsible for stock formulas validity. This means that when you rename some element mentioned in the formula of a custom-mode stock, you should use refactoring to rename that element in the stock formula too.

Customizing the stock appearance

You can customize the stock appearance: namely, you can change the fill color and resize the stock. These changes are reflected either in the graphical editor and at the model runtime.

 To change the stock color

  1. Select the stock in the graphical editor or in the Projects view.
  2. Go to its properties and choose the required color from the Color control.

 To resize a stock

  1. Select the stock in the graphical editor with a mouse click.
  2. You will see the little handle shown in the right bottom corner of the stock icon.
  1. Drag this handle with the mouse and release the mouse button when you will get the stock of the required size:

Optionally you can associate some custom graphics with a stock so that it will reflect the value of the stock. Please have a look at the following demo model to get idea on the implementation:

Simple demo model: Stock of Money Animation


Related topics

 System Dynamics tutorial

 System Dynamics modeling

 Flow

 Viewing variables at runtime

 Modifying variables at runtime