Book Chapter Details
Mandatory Fields
Jim Duggan
2016 Unknown
System Dynamics Modeling with R
An Introduction to System Dynamics
Springer International Publishing
Cham
Published
1
Optional Fields
This chapter presents the important concepts underlying the system dynamics modeling method. Following an initial definition of the term model, a summary of a successful system dynamics intervention is described. The key concepts of system dynamics – stocks and flows – are explained. The process for simulating stock and flow models – integral calculus – is described, with an example of a company’s customer base used to illustrate how stocks change, through their flows, over time. A summary of dimensional analysis for stock and flow equations is provided before the second feature of system dynamics modeling – feedback – is presented. The chapter concludes by summarizing the system dynamics meth-odology, which is a five-stage iterative process that guides model design, devel-opment, test and policy design.
978-3-319-34043-2
10.1007/978-3-319-34043-2_1
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