We will explore the Financial Module by constructing a simple GoldSim model that utilizes one Financial Module element (the Fund), along with a number of elements from the basic GoldSim framework.
If you wish to follow along, you can start to do so now by opening GoldSim (or if GoldSim is already open, by creating a new model by pressing the new model button or Ctrl+N). Although it would be most constructive for you to follow along and build the model yourself, the completed model (named Fund.gsm) can be found in the Financial Examples folder in your GoldSim directory (accessed by selecting File | Open Example... from the main menu).
When specifying the simulation settings (accessed by pressing F2), specify that the simulation will be an Elapsed Time simulation with a duration of two years (2 yr), using a 1 day timestep A discrete interval of time used in dynamic simulations. length. Define the Time Display Units The units (e.g., m, g, $/day) in which an output is displayed within GoldSim. in years (yr):
Note: The Start Time will default to the current date. In this model, it is not used.
We will start by running a single Deterministic simulation A simulation in which the input parameters are represented using single values (i.e., they are "determined" or assumed to be known with certainty).. In the Monte Carlo tab of the Simulation Settings dialog, select the Deterministic Simulation option:
- Step 1: Setting Up a Dynamic Financial Model
- Step 2: Adding a Fund Element to Simulate a Bank Account
- Step 3: Running the Model and Viewing a Simple Result
- Step 4: Adding Discrete Deposits to the Account
- Step 5: Running the Model with Deposits
- Step 6: Removing Discrete Withdrawals from the Account
- Step 7: Running the Model with Deposits and Withdrawals
- Step 8: Running Multiple Realizations of a Financial Model
- Where Do I Go From Here?