System Dynamics
System ThinkingComplexitySimulation
System Dynamics is a methodology for understanding and modeling complex systems using feedback loops and time delays.
Introduction
System Dynamics is a methodology for understanding and modeling complex systems using feedback loops and time delays.
Core Concepts
- Stock and Flow Diagrams: Visualizing system components and interactions.
- Feedback Loops: Identifying reinforcing or balancing effects.
- Simulation Models: Predicting system behavior over time.
Applications
- Environmental studies for resource management.
- Business strategy for analyzing supply chains.
Related Resources
- Tools: Vensim, Stella, AnyLogic.
- Book: "Thinking in Systems" by Donella Meadows.