System Dynamics Modelling


Book Description

With NATO's bombing campaign against Serbia now over, what strategic, long-range plans will the alliance employ to restore stability to the region? As the global economy continually changes in response to worldwide events, what investment strategies will firms implement to cope with changing markets? And how can major pharmaceutical companies solve the problem of having newly-developed products abandoned before they can even be launched on the market? This book is designed and written to give the applied statistician an insight into all these areas of investigation.







Modeling for Learning Organizations


Book Description

Conventional wisdom says that we can learn from our errors, but errors in the business world can be prohibitively costly. To truly understand how complex business organizations function requires different tools than most managers have been given. Yet managers need methods to understand how their organization works in order to test policies, discover flaws in thinking, and find the hidden leveragepoints within the complex systems they manage. Through a system simulation, the dynamics of the whole system, not just the individual parts, becomes apparent. The outcome of current and future situations becomes possible to predict and with this information, managers can focus on the changes that need to be made. The distinguished contributors to Modeling for Learning Organizations include Jay W. Forrester, Peter Senge, and Arie De Geus. You will learn about leading applications such as: Shell's work on modeling the oil producers. The Management Flight Simulator, a computer-based case learning environment pioneered by John Sterman and others at MIT The landmark Claims Learning Laboratory at Hanover Insurancecompanies. For managers, professionals, academicians, and everyone who recognizes the profound implications of modeling, this book is an excellent resource. It offers a broad understanding of the modeling process, discusses a multitude of case studies, and provides a review of the most recent simulation software.




Modeling and Simulation of Systems Using MATLAB and Simulink


Book Description

Not only do modeling and simulation help provide a better understanding of how real-world systems function, they also enable us to predict system behavior before a system is actually built and analyze systems accurately under varying operating conditions. Modeling and Simulation of Systems Using MATLABĀ® and SimulinkĀ® provides comprehensive, state-of-the-art coverage of all the important aspects of modeling and simulating both physical and conceptual systems. Various real-life examples show how simulation plays a key role in understanding real-world systems. The author also explains how to effectively use MATLAB and Simulink software to successfully apply the modeling and simulation techniques presented. After introducing the underlying philosophy of systems, the book offers step-by-step procedures for modeling different types of systems using modeling techniques, such as the graph-theoretic approach, interpretive structural modeling, and system dynamics modeling. It then explores how simulation evolved from pre-computer days into the current science of today. The text also presents modern soft computing techniques, including artificial neural networks, fuzzy systems, and genetic algorithms, for modeling and simulating complex and nonlinear systems. The final chapter addresses discrete systems modeling. Preparing both undergraduate and graduate students for advanced modeling and simulation courses, this text helps them carry out effective simulation studies. In addition, graduate students should be able to comprehend and conduct simulation research after completing this book.




Discrete-Event Simulation and System Dynamics for Management Decision Making


Book Description

In recent years, there has been a growing debate, particularly in the UK and Europe, over the merits of using discrete-event simulation (DES) and system dynamics (SD); there are now instances where both methodologies were employed on the same problem. This book details each method, comparing each in terms of both theory and their application to various problem situations. It also provides a seamless treatment of various topics--theory, philosophy, detailed mechanics, practical implementation--providing a systematic treatment of the methodologies of DES and SD, which previously have been treated separately.




System Dynamics: Theory and Case Studies


Book Description

If you are a student of Engineering (any branch), B.Sc./M.Sc., or Business Management, then this book is for you. It will expose you to a subject evolved at Massacheusettes Institute of Technology, Boston, demonstrates how to apply the subject into different problem situations.




Group Model Building


Book Description

This book is about increasing team performance. It focuses on building system dynamics models when tackling a mix of interrelated strategic problems to enhance team learning, foster consensus, and create commitment. The book is intended to be applied in the organizations of today. As the "command and control" organization evolves into one of decision-making teams, so these teams have become the critical building blocks upon which the performance of the organization depends. The team members face an increased complexity of decision making with the interrelation of several strategic problems. What this means is that people have different views of the situation and will define problems differently. However, research shows that this can in fact be very productive if and when people learn from each other in order to build a shared perspective. Learning in this way might prove to be the only sustainable competitive advantage for organizations in the future. As a result, team leaders want to create "learning teams" and are confronted with issues such as how to: create a situation where people doubt their ideas rather than stubbornly cling to dearly held views create a learning atmosphere rather than trying to "win" the discussion create a shared understanding of a problem in a team foster consensus and create commitment with a strategic decision facilitate Group Model Building Those who will benefit most from Group Model Building: Facilitating Team Learning Using System Dynamics are those who are familiar with systems thinking or organizational learning, or those who are working in groups and are coming up against the common difficulties.




Complex Systems in Finance and Econometrics


Book Description

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.