Misadventures with Little’s Law

I’ve been working on a vehicle fleet model, re-implementing a spreadsheet in Ventity, using dynamic cohorts. The vehicle lifetime in the spreadsheet is 11 years, and it’s discrete. This means that every vehicle retires precisely 11 years after it’s put into service. This raised a red flag for me, because it represents a rather short … Continue reading Misadventures with Little’s Law