Basic GoldSim Elements that Support Modeling of Events

In addition to elements within the Financial Module, GoldSim provides a wide variety of other elements that can be triggered by events or can output discrete event signals. These elements are important, as they can be used in conjunction with the financial elements to represent complex financial models. For example, the outputs of these elements can trigger actions within financial elements (e.g., exercising an option).

Some of the event elements that are likely to be most useful to financial modelers are summarized in the following table:

Element	Default Symbol	Function
Timed Event		Generates events based on a specified rate of occurrence, regularly or according to a specified distribution (i.e., randomly).
Triggered Event		Generates events based on one or more specified conditions.
Discrete Change		Generates a discrete change signal (a value) that can subsequently discretely modify the values of other elements (e.g., add a deposit to an account).
Decision		Generates one of up to three alternative events based on specified conditions.
Random Choice		Generates a user defined event based on specified probabilities.
Milestone		Records the time at which a particular event or specified condition(s) occurs.
Status		Outputs a condition (True/False) in response to particular events or specified conditions.
Event Delay		Delays an event for a specified time. Can also be used to simulate queues.