Topic outline
- General
- Topic 1
Topic 1
As businesses become more complex
Decisions faced by management become more difficult to solve.Decisions can no longer be taken as a result of a “guess” or what was once called experience.Instead, managers and people who are paid to make decisions need to use decision making techniques to help them.Most of these techniques are quantitative in nature and so the decision maker needs to be numerate.
- Topic 2
Topic 2
- 1.To understand the concept of Systems Thinking and System Dynamics2.To explain the principles and characteristics of Systems Thinking and System Dynamics3.To describe the applications of Systems Thinking and System Dynamics4.To understand the concepts of Reference Modes5.Discrete Simulation Exercises – Hand Simulation Review of Last Week’s Lesson
- Topic 3
Topic 3
- 1.To understand queuing problems2.To describe the key elements of queuing systems3.To understand the major characteristics of queuing models
- Topic 4
Topic 4
- 1.To understand the concepts of Causal Loop Diagrams2.To be able to identify problems, extract key variables and present these problems using Causal Loop Diagrams3.Further reading Slides with definitions and further explanation of the System Dynamics methodology (student personal reading).4.To learn about System Archetypes and be able to apply and use them to understand real life situations.
- Topic 5
Topic 5
- •Structures of which we are unaware hold us prisoner•The swimmer scenario•Certain patterns of structure occur again and again: called ARCHETYPES
- Topic 6
- Topic 7
Topic 7
- •Helps improve our understanding of the relation between structure and behaviour and also to catch errors in the model built.•Helps us to be able to predict and understand what we see on the graph after running a simulation•Graphical integration of constant flows as well as step functions falls under exogenous rates•Ramp function exhibits linearly increasing or decreasing behaviour.
- Topic 8
- Topic 9
- Topic 10
- Topic 11
- Topic 12
Topic 12
- STOCKs represent anything that can accumulate over time. A Stock takes the form of “Queues”, “Conveyors”, and “Ovens”.FLOWS carry resources into and out of StocksCONVERTERs translate inputs to output through an algorithm..CLOUDs define the boundaries of models indicating an infinite ‘SOURCE’ or ‘SINK’ of resources.
- Topic 13