Foundations of OR: System Dynamics
Develop a practical understanding of System Dynamics qualitative and quantitative methods.
Description
- Learn how to develop both qualitative and quantitative models using System dynamics.
- Understand the basic principles of system dynamics and its modelling process
Learning objectives
- Learn the basic principles of system dynamics and its modelling process
- Use causal loop diagrams to develop both qualitative and quantitative system dynamics models
- Critically discuss the advantages, limitations, and practical application of system dynamics.
Topics
- System dynamics modelling process
- Feedback processes
- Causal Loop Diagram
- Group Model Building
- Stocks and Flow Modelling
- Development of a small System Dynamics Model
- Rehearsing scenarios using System Dynamics
Audience
For delegates who have an interest in becoming familiar with the principles of system dynamics and applications in diverse problems.
Course format
- PowerPoint presentation to introduce the topics
- Practical sessions using Vensim software and Microsoft Excel
- Group discussion/work to explore the topics in more detail
- Bring questions from your own work to embed your learning
- Supporting resource pack available to use following the course
Related courses
- Foundations of OR: OR and Strategy
- Foundations of OR: Problem Structuring Methods