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Working Papers (2002), ESSEC Business School

The Champagne Wine Industry: An Economic Dynamic Model of Production and Consumption

CLOUTIER M.L., DECLERCK Francis

This paper reports on the development of an economic system dynamics (SD) model designed to simulate both the short term and the long term production dynamics of the Champagne wine industry. The goal of the SD model is to study the nonlinear and dynamic behavior observed in the Champagne wine industry, and the long feedback delays involved in fixed asset investments supporting the production of grapes and wine. Perspectives are open to link the model to forecast profitability and financial leverage.

CLOUTIER, M.L. and DECLERCK, F. (2002). The Champagne Wine Industry: An Economic Dynamic Model of Production and Consumption. ESSEC Business School.