DESCRIPTION This paper introduces a general system dynamics approach to simulate the internal organization of a typical for-profit firm in order to measure and predict the cumulative impacts of various managerial policies on the long-term financial performance. Through analyzing the causal linkages, we...
and this is why we use model-based development; it enables us to fully understand the benefits and limitations of the vehicle systems, how they interact with one another, and how to fit them together.
Our focus was to ‘bring alive’ the qualitative detail captured through interviews and workshops to allow an assessment of contract delivery in practice; this was achieved by means of a system dynamics model (SD). The various knowledge strands captured from the work-packages were synthesised in ...
The scope is to model and simulate the global sourcing and supply dynamics of copper, zinc and lead, including market dynamics and a large number of systemic feedbacks. In addition, the supply, demand and market price dynamics will be simulated and the supply per person and year and stock-...
In probing the questions raised above, adopted is the systems thinking approach, an excellent tool for better understanding this type of complex management problems.According to Sharif and Ramanathan (1984), once a diffusion model takes on these factors, system dynamics should be used to ease ...
The proposed approach links and synthesizes two existing modeling frameworks, the Business Intelligence Model (BIM) and System Dynamics, in a system- atic step-by-step way to assist decision makers in finding best response action(s) from a given set of alternatives, and hence to make BI more...
Practical implications – The model may be used as the first step in quantifying the cause-and-effect relationships of an integrated BSC model. Using the system dynamics model provides added insight in the BSC and may also serve as a teaching exercise of BSC. Originality/value – Work on ...
First, different subsidy and preferential tax policies were introduced to establish a system dynamics model. Then the impact of policies proposed on MP recycling industries was analyzed using the model. The results showed that: (1) newly discarded MPs could be completely recycled annually if ...
Moreover, the exact impact factors may affect the project in a negative way to lead by the end of the project to reduce actual spent cost and increase the profit. It is therefore required to develop an SD model for predicting a project's cost overrun based on common COICs, especially ...
MaxTrades– the maximum number of orders in the grid. Break-even parameters BE - number series– the number of order in the series after which the stop loss will be placed; BE - start after point– the number of profit points after which the stop loss will be placed; ...