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What is System Dynamics (SD)

Chapter 7
Encyclopedia of Business Analytics and Optimization
Is an approach to understanding the behavior of complex systems over time. Originally created during 1950s by Professor Jay Forrester, it deals with internal feedback loops and time delays that affect the behavior of the entire system. In comparison with other simulation techniques, SD uses feedback loops, stocks and flows as its constructs, which can often be represented as a set of differential equations in math. Initially used to help corporate managers improve understanding of industrial processes, SD is currently being used in social and economics domain for policy analysis.
Published in Chapter:
Agent-Based Service Analytics
Yang Li (Applications & Services, Research & Technology, British Telecom, UK)
Copyright: © 2014 |Pages: 8
DOI: 10.4018/978-1-4666-5202-6.ch007
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 82
Health Systems Simulation
A method of simulation that focuses on system interactions over time, which considering feedback effects. System Dynamics models are made up of a series of differential equations and are continuous. They are highly aggregated, focus on patterns of behaviour, and can incorporate abstract concepts. It is a useful method for policy level analysis.
Published in Chapter: Health Systems Simulation; From: Encyclopedia of Healthcare Information Systems
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Chapter 83
Evolution of Simulation Paradigms in OR
Is an approach to understanding the behavior of complex systems over time. Originally created during 1950s by Professor Jay Forrester, it deals with internal feedback loops and time delays that affect the behavior of the entire system. In comparison with other simulation techniques, SD uses feedback loops, stocks and flows as its constructs, which can often be represented as a set of differential equations in math. Initially used to help corporate managers improve understanding of industrial processes, SD is currently being used in social and economics domain for policy analysis.
Published in Chapter: Evolution of Simulation Paradigms in OR; From: Encyclopedia of Business Analytics and Optimization
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 6
System Dynamics for Modelling Subway Passenger Flow in the Transportation Sector
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