Introduction to System Dynamics The purpose of this presentation is to introduce how system dynamics tools and methods can help you make better decisions in the face of dynamic complexity. It is composed of three parts: Part I will explain why we need a formal methodology for formulating and evaluating decision-making policies in the context of complex, dynamic systems; Part II will introduce the basic vocabulary of the system dynamics toolset; and Part III consists of a simple example of the application of a simulating system dynamics stock-flow model. (Flash - 35:05) |
The Prophet of Unintended Consequences "Jay Forrester's computer models show the nonlinear roots of calamity and reveal the leverage that can help us avoid it." |
The Global Citizen: A Column by Donella Meadows Dana Meadows (1941-2001) received a PhD in biophysics from Harvard, was a MacArthur Fellow, a Pew Scholar, and a Pulitzer Prize nominee. She also taught John Sterman (author of Business Dynamics) about the system dynamics method. Dana was a leading figure in the sustainability movement and wrote this column on world affairs from a system dynamics perspective. |
Is Simulation Better Than Experience? The School of Hard Knocks isn't necessarily a good place to learn if the relationship between cause and effect is blurred. Computer simulation that compresses time can be a very useful tool in understanding complex, dynamic systems. |
An Annotated Survey of the Essential System Dynamics Literature A little dated, and not for beginners, but complete. |
The Paradox of Fast Growth Tigers Growth can be sustained if the reinforcing and balancing loops that characterize the relationships among strategic accumulations are managed effectively. |
The Dynamics of Strategy An article by Kim Warren regarding a dynamic approach to strategy formulation. |
The Critical Path A high-level explanation of a system dynamic approach to strategy. Incorporates stock-flow maps, but doesn't address modeling, specifically. |
Road Maps: A Guide to Learning System Dynamics An online system dynamic primer. |
Business Dynamics: Systems Thinking and Modeling for a Complex World John Sterman's text is the standard in regard to system dynamics modeling. Includes an enormous amount of information regarding the implementation of causal loop diagrams and stock-flow maps. |
Vensim from Ventana Systems, Inc. Vensim is the modeling software used by Venture Dynamics Group. Ventana Systems periodically offers introductory courses on system dynamics and the Vensim modeling software. |