System Dynamics



Feedback:

  • Positive Feedback Drives Growth
  • Negative Feedback Limits Growth
  • Multiple Feedback Processes Create Complex Behaviors

Value:

  • Simulation models offer a means to make assumptions explicit and testable
  • Simulation models offer a mechanism to explain the causes behind observed behavior
  • Simulation offers a means to explore uncertainty in assumptions and bound likely future behavior
  • Simulation offers a means to explore business behavior and gain insight into how the firm/industry/market is likely to change and under what timeframe

Links

System Dynamics Society

MIT

MIT System Dynamics Group

Prof John Sterman

Prof Jay W. Forrester

Prof Nelson Repenning

Papers

SD and the Lessons of 35 Years

The Beginning of SD

On-line Papers of Prof Sterman

SD for Mkt Forecasting

Software

Forio

Vensim

iThink

Powersim