Excerpt from Home Insurance in a Changing Residential Community: A System Dynamics Approach and Case Study
The model was parameterized to represent the city of Melrose, Massachusetts, which is located about seven miles north of Boston and is a typical inner suburb which has undergone considerable changes in population and housing since the 19403. Simulation of the Melrose - adapted model produces a history starting in 1900 which closely matches available data and descriptive material. It portrays a future for Melrose through the year 2020 in which the decline of the last forty years may become sustained and therefore cause sane worries anong insurers.
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