We now want to control the industrial output. Furthermore, we want to give the capital investment a 25% increased life time.
References:
In order to accomplish this change, you need to reset two of the modify a number of parameters in the model:
parameter Real ind_out_pc_des(unit="dollar/yr") = 350 "Desired annual industrial per capita output";.
parameter Real p_avg_life_agr_inp_2(unit="yr") = 2.5 "Controlled average life of agricultural input";.
parameter Real p_avg_life_ind_cap_2(unit="yr") = 18 "Controlled average life of industrial capital";.
parameter Real p_avg_life_serv_cap_2(unit="yr") = 25 "Controlled average life of service sector capital";.
Finally, we need to reset two more of the switching times in the model:
parameter Real t_ind_equil_time(unit="yr") = 2002 "Year of industrial equilibrium";.
parameter Real t_policy_year(unit="yr") = 2002 "Year of policy change";.
Simulate the model from 1900 until 2100, and display the same variables as in the book Limits to Growth: The 30-Year Update at page 243: