Strategic Modelling and Business Dynamics, + Website

A Feedback Systems Approach

Author: John D. W. Morecroft

Publisher: John Wiley & Sons

ISBN: 1118844688

Category: Business & Economics

Page: 504

View: 4131

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Accurate modelling of dynamic system for better business strategy The business environment is constantly changing, and firms need the ability to adapt. In a market where a single misstep could result in massive losses, modelling serves as a "dry run" for testing ideas and predicting the behaviour of influencing forces. Strategic Modelling and Business Dynamics is an essential guide to strategic modelling, helping readers understand modelling processes while taking all contributing factors into account. Written by an internationally regarded authority, this comprehensive guide covers all stages of model building, from conceptual to technical, demonstrating a range of in-depth practical examples that vividly illustrate important or puzzling dynamics in firm operations, strategy, public policy, and everyday life. Introduces the system dynamics approach of modelling strategic problems in business and society Includes industry examples and public sector applications Provides the latest state-of-the-art thinking and techniques for systems modelling

Strategic Modelling and Business Dynamics

A feedback systems approach

Author: John D. W. Morecroft

Publisher: John Wiley & Sons

ISBN: 111884470X

Category: Business & Economics

Page: 504

View: 8031

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Insightful modelling of dynamic systems for better business strategy The business environment is constantly changing and organisations need the ability to rehearse alternative futures. By mimicking the interlocking operations of firms and industries, modelling serves as a ‘dry run’ for testing ideas, anticipating consequences, avoiding strategic pitfalls and improving future performance. Strategic Modelling and Business Dynamics is an essential guide to credible models; helping you to understand modelling as a creative process for distilling and communicating those factors that drive business success and sustainability. Written by an internationally regarded authority, the book covers all stages of model building, from conceptual to analytical. The book demonstrates a range of in-depth practical examples that vividly illustrate important or puzzling dynamics in firm operations, strategy, public policy, and everyday life. This updated new edition also offers a rich Learners' website with models, articles and videos, as well as a separate Instructors' website resource, with lecture slides and other course materials (see Related Websites/Extra section below). Together the book and websites deliver a powerful package of blended learning materials that: Introduce the system dynamics approach of modelling strategic problems in business and society Include industry examples and public sector applications with interactive simulators and contemporary visual modelling software Provide the latest state-of-the-art thinking, concepts and techniques for systems modelling The comprehensive Learners' website features models, microworlds, journal articles and videos. Easy-to-use simulators enable readers to experience dynamic complexity in business and society. Like would-be CEOs, readers can re-design operations and then re-simulate in the quest for well-coordinated strategy and better performance. The simulators include a baffling hotel shower, a start-up low-cost airline, an international radio broadcaster, a diversifying tyre maker, commercial fisheries and the global oil industry. "Much more than an introduction, John Morecroft’s Strategic Modelling and Business Dynamics uses interactive ‘mini-simulators and microworlds’ to create an engaging and effective learning environment in which readers, whatever their background, can develop their intuition about complex dynamic systems." John Sterman, Jay W. Forrester Professor of Management, MIT Sloan School of Management "Illustrated by examples from everyday life, business and policy, John Morecroft expertly demonstrates how systems thinking aided by system dynamics can improve our understanding of the world around us." Stewart Robinson, Associate Dean Research, President of the Operational Research Society, Professor of Management Science, School of Business and Economics, Loughborough University

Strategic Modelling and Business Dynamics

A Feedback Systems Approach

Author: John Morecroft

Publisher: John Wiley & Sons

ISBN: 0470012862

Category: Business & Economics

Page: 464

View: 9007

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John Morecroft's book is an ideal text for students interested in system modelling and its application to a range of real world problems. The book covers all that is necessary to develop expertise in system dynamics modelling and through the range of applications makes a persuasive case for the power and scope of the approach. As such it will appeal to practitioners as well as students. Robert Dyson, Professor of Operational Research, Associate Dean, Warwick Business School. Much more than an introduction, John Morecroft's Strategic Modelling and Business Dynamics uses interactive "management flight simulators" to create an engaging and effective learning environment in which readers, whatever their background, can develop their intuition about complex dynamic systems. The numerous examples provide a rich test-bed for the development of systems thinking and modelling skills John Sterman, Jay W. Forrester Professor of Management, MIT Sloan School of Management This book, with its vivid examples and simulators, will help to bring modelling, system dynamics and simulation into the mainstream of management education where they now belong. John A. Quelch, Professor of Marketing, Harvard Business School, Former Dean of London Business School This text fills the gap between texts focusing on the purely descriptive systems approach and the more technical system dynamics ones. Ann van Ackere, Professor of Decision Sciences, HEC Lausanne, Universit? de Lausanne Strategic modelling based on system dynamics is a powerful tool for understanding how firms adapt to a changing environment. The author demonstrates the appeal and power of business modelling to make sense of strategic initiatives and to anticipate their impacts through simulation. The book offers various simulators that allow readers to conduct their own policy experiments. Dr. Erich Zahn, Professor of Strategic Management, Betriebswirtschaftliches Institut, University of Stuttgart A website to accompany the book can be found at www.wiley.com/college/morecroft housing supplementary material for both students and lecturers.

Modeling for Learning Organizations

Author: John D.W. Morecroft,John D. Sterman

Publisher: SteinerBooks

ISBN: 9781563272509

Category: Business & Economics

Page: 400

View: 9826

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book allows you to predict the outcome of current and future situations on the whole system by testing different scenarios. Its distinguished contributors include Jay Forrester, the father of System Dynamics; Peter Senge, author of The Fifth Discipline; and Arie de Geus, who led Royal Dutch/Shell in the use of system dynamics modeling.

Strategic Management Dynamics

Author: Kim Warren

Publisher: John Wiley & Sons

ISBN: 0470060670

Category: Business & Economics

Page: 696

View: 5300

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Award winning author Kim Warren presents his new book: Strategic Management Dynamics – a complete framework in the field of Strategic Management. Strategic Management Dynamics builds on, and goes substantially beyond the existing strategy textbooks with its focus on understanding and managing how organisations perform over time. Based on simple but powerful underlying principles, the book both lays out a comprehensive approach to strategy analysis, design and delivery, and connects with established frameworks in the field. In Strategic Management Dynamics Kim Warren provides a valuable teaching resource, which can be used as a core textbook to bring strategy to life. With numerous examples from different sectors, the book is supported by a rich variety of simulation–based learning materials that are essential if strategy principles are to be experienced, rather than just discussed. For those who have already learned about strategy, this book provides an important update and extension of their knowledge. Key Features: Many simulation models to demonstrate dynamics principles in strategy as well as in marketing, human–resource management, R&D, operations management and other functions ideal for class exercises and assignments. A detailed worked example built up from chapter to chapter, illustrating the key frameworks of strategy dynamics analysis. Extensive discussion of established strategy frameworks, adapted to demonstrate implications for how organisations perform over time. Numerous academic and managerial references as useful supplements in degree courses and executive education. End–of–chapter questions and exercises, supported by detailed worksheets.

Measurements, Modelling and Simulation of Dynamic Systems

Author: Edward Layer,Krzysztof Tomczyk

Publisher: Springer Science & Business Media

ISBN: 9783642045882

Category: Mathematics

Page: 156

View: 4107

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The development and use of models of various objects is becoming a more common practice in recent days. This is due to the ease with which models can be developed and examined through the use of computers and appropriate software. Of those two, the former - high-speed computers - are easily accessible nowadays, and the latter - existing programs - are being updated almost continuously, and at the same time new powerful software is being developed. Usually a model represents correlations between some processes and their interactions, with better or worse quality of representation. It details and characterizes a part of the real world taking into account a structure of phenomena, as well as quantitative and qualitative relations. There are a great variety of models. Modelling is carried out in many diverse fields. All types of natural phenomena in the area of biology, ecology and medicine are possible subjects for modelling. Models stand for and represent technical objects in physics, chemistry, engineering, social events and behaviours in sociology, financial matters, investments and stock markets in economy, strategy and tactics, defence, security and safety in military fields. There is one common point for all models. We expect them to fulfil the validity of prediction. It means that through the analysis of models it is possible to predict phenomena, which may occur in a fragment of the real world represented by a given model. We also expect to be able to predict future reactions to signals from the outside world.

Dynamic Modeling for Business Management

An Introduction

Author: Bernard McGarvey,Bruce Hannon

Publisher: Springer Science & Business Media

ISBN: 0387215565

Category: Mathematics

Page: 308

View: 9983

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Modelling is a tool used by savvy business managers to understand the processes of their business and to estimate the impact of changes. Dynamic Modelling for Business Management applies dynamic modelling to business management, using accessible modelling techniques that are demonstrated starting with fundamental processes and advancing to more complex business models. Discussions of modelling emphasize its practical use for decision making and implementing change for measurable results. Readers will learn about both manufacturing and service-oriented business processes using hands-on lessons. Then will then be able to manipulate additional models to try out their knowledge and address issues specific to their own businesses and interests. Some of the topics covered include workflow management, supply-chain-management, and strategy.

Exploring and Shaping International Futures

Author: Barry B. Hughes,Evan E. Hillebrand

Publisher: Routledge

ISBN: 1317259858

Category: Political Science

Page: 256

View: 4754

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"People who run cities like to play Simcity to find out how impossible their jobs are. Hughes gives everyone a chance to play a kind of Simplanet, with outcomes far more complex and uncertain. In the process, the book and the computer program provide a coherent path to understanding an anarchic world." --Ronald A. Francisco, University of Kansas "What will be the future of human demographic, economic, environmental, and political-social systems throughout the 21st century? Where do current changes appear to be taking us? What kind of future would we prefer? How much leverage do we have to bring about the future we prefer? Do YOU share these interests of the book? If yes, you should study the book and learn how to cope with the future with the International Futures approach (IFs) developed by the authors. This large-scale integrated global simulation modeling system is a user-friendly, professional tool for long-term policy analysis and an educational tool in universities. I had a pleasure to learn it personally by cooperating with Barry Hughes." --Pentti Malaska, Professor of MS, DrTech, futurist Honorary member of the Club of Rome What will be the long-term impact of AIDS in Africa or concentration of global oil production in the Middle East? Exploring and Shaping International Futures helps readers understand such global trends in demographic, economic, energy, food, environmental, and socio-political systems. It allows businesspeople, government officials, and others to think concretely about global futures in each of these areas. It is the only book on the market that allows readers to use a computer simulation to track global trends and to develop alternative scenarios around those trends. It is one of relatively few books that really brings computer technology into the classroom, boardroom, or policy planning commission. The International Futures (IFs) computer simulation, around which the book is built, is now widely used in policy analysis as well as education. It has been instrumental in projects undertaken by such groups as the European Commission, the U.S. National Intelligence Council, and the United Nations. After three decades of development and refinement, the computer model is now easy to access and use. Readers can access the website with the IFs computer model at www.ifs.du.edu

Hope in Troubled Times

A New Vision for Confronting Global Crises

Author: Bob Goudzwaard,Mark Vander Vennen,David Van Heemst

Publisher: Baker Academic

ISBN: 0801032482

Category: Political Science

Page: 254

View: 3332

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Provides hope for real-world solutions to life-threatening problems such as global poverty, environmental destruction, and terrorism.

Systems Thinking and Process Dynamics for Marketing Systems: Technologies and Applications for Decision Management

Technologies and Applications for Decision Management

Author: Rajagopal, Dr.

Publisher: IGI Global

ISBN: 1466609702

Category: Business & Economics

Page: 345

View: 2843

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Increased competition in the global marketplace has created enormous pressure on system implementation, particularly in the field of marketing. Systems Thinking and Process Dynamics for Marketing Systems: Technologies and Applications for Decision Management describes a holistic approach to monitoring, evaluating, and applying appropriate marketing strategies, and understanding the competition and its future implication on the business of a company. As complexities multiply, the scientific concept of systems thinking and analyzing process dynamics explained in this publication allows marketing firms succeed. The critical issues facing firms today are presented in a thoroughly modern context, laying the foundation for a bright future.

System Dynamics

Modelling and Simulation

Author: Bilash Kanti Bala,Fatimah Mohamed Arshad,Kusairi Mohd Noh

Publisher: Springer

ISBN: 9811020450

Category: Business & Economics

Page: 278

View: 9548

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This book covers the broad spectrum of system dynamics methodologies for the modelling and simulation of complex systems: systems thinking, causal diagrams, systems structure of stock and flow diagrams, parameter estimation and tests for confidence building in system dynamics models. It includes a comprehensive review of model validation and policy design and provides a practical presentation of system dynamics modelling. It also offers numerous worked-out examples and case studies in diverse fields using STELLA and VENSIM. The system dynamics methodologies presented here can be applied to nearly all areas of research and planning, and the simulations provided make the complicated issues more easily understandable. System Dynamics: Modelling and Simulation is an essential system dynamics and systems engineering textbook for undergraduate and graduate courses. It also offers an excellent reference guide for managers in industry and policy planners who wish to use modelling and simulation to manage complex systems more effectively, as well as researchers in the fields of modelling and simulation-based systems thinking.

System Dynamics

Soft and Hard Operational Research

Author: Martin Kunc

Publisher: Springer

ISBN: 1349952575

Category: Business & Economics

Page: 484

View: 2972

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This book presents some of the most important papers published in Palgrave’s Journal of Operational Research relating to the use of System Dynamics (SD) in the context of Operational Research (OR). Giving the reader an in-depth understanding of significant features of the research area which have grown over the last 20 years: applications in the management field; methodologies; policies at industry level; and healthcare, this book is an invaluable read for those who do not have any prior expertise in the field. Split into four parts, the collection covers the broad use of SD in the field of management, focuses on the use of modelling in supply chains and at industry level, and presents an analysis of the use of SD in its most promising area, healthcare. Not only does this work provide a detailed overview of the field of SD, but it will also offer vital insights into potential research avenues for the future considering the use of SD as a soft OR and hard OR method.

Strategy Dynamics Essentials

Author: Kim Warren

Publisher: CreateSpace

ISBN: 9781505809053

Category:

Page: 174

View: 8260

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In this book Kim provides the reader with a reliable method to develop "joined up" strategies and plans for common business situations - a powerful addition to current tools and frameworks. The initial focus is on the core "strategic architecture" of the business, which explains how performance arises from its system of real elements (customers, staff, products, capacity, cash). Later chapters extend the method to deal with the quality and development of customers and other resources, competition, policy decisions, intangible factors and organizational capabilities. The strategy dynamics method deploys the rigorous, scientific method of system dynamics - essentially the application of engineering control theory principles to social systems. The method leads to the creation of working, quantified models of any enterprise, or any part thereof, of any scale, in any sector-or of any issue that such an enterprise may face. Kim uses clear, every-day language, and develops examples demonstrating how to create working, quantified models we need to develop and manage strategy. The book is supported by the Sysdea strategy planning software. Many of Kim's example models are available online for the reader to explore. Free single model accounts for Sysdea are available - www.sysdea.com. This version of the book is printed in greyscale. A version with the interior charts etc in color is also available search on - ISBN-13: 978-1512107753 .

System Dynamics Modelling

A PRACTICAL APPROACH

Author: R.G. Coyle

Publisher: CRC Press

ISBN: 9780412617102

Category: Business & Economics

Page: 432

View: 354

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With NATO's bombing campaign against Serbia now over, what strategic, long-range plans will the alliance employ to restore stability to the region? As the global economy continually changes in response to worldwide events, what investment strategies will firms implement to cope with changing markets? And how can major pharmaceutical companies solve the problem of having newly-developed products abandoned before they can even be launched on the market? This book is designed and written to give the applied statistician an insight into all these areas of investigation.

Discrete-Event Simulation and System Dynamics for Management Decision Making

Author: Sally Brailsford,Leonid Churilov,Brian Dangerfield

Publisher: John Wiley & Sons

ISBN: 1118762754

Category: Technology & Engineering

Page: 360

View: 1152

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In recent years, there has been a growing debate, particularly in the UK and Europe, over the merits of using discrete-event simulation (DES) and system dynamics (SD); there are now instances where both methodologies were employed on the same problem. This book details each method, comparing each in terms of both theory and their application to various problem situations. It also provides a seamless treatment of various topics--theory, philosophy, detailed mechanics, practical implementation--providing a systematic treatment of the methodologies of DES and SD, which previously have been treated separately.

System Dynamics Modeling with R

Author: Jim Duggan

Publisher: Springer

ISBN: 3319340433

Category: Computers

Page: 176

View: 7070

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This new interdisciplinary work presents system dynamics as a powerful approach to enable analysts build simulation models of social systems, with a view toward enhancing decision making. Grounded in the feedback perspective of complex systems, the book provides a practical introduction to system dynamics, and covers key concepts such as stocks, flows, and feedback. Societal challenges such as predicting the impact of an emerging infectious disease, estimating population growth, and assessing the capacity of health services to cope with demographic change can all benefit from the application of computer simulation. This text explains important building blocks of the system dynamics approach, including material delays, stock management heuristics, and how to model effects between different systemic elements. Models from epidemiology, health systems, and economics are presented to illuminate important ideas, and the R programming language is used to provide an open-source and interoperable way to build system dynamics models. System Dynamics Modeling with R also describes hands-on techniques that can enhance client confidence in system dynamic models, including model testing, model analysis, and calibration. Developed from the author’s course in system dynamics, this book is written for undergraduate and postgraduate students of management, operations research, computer science, and applied mathematics. Its focus is on the fundamental building blocks of system dynamics models, and its choice of R as a modeling language make it an ideal reference text for those wishing to integrate system dynamics modeling with related data analytic methods and techniques.

Analytical Methods for Dynamic Modelers

Author: Hazhir Rahmandad,Rogelio Oliva,Nathaniel D. Osgood,George Richardson

Publisher: MIT Press

ISBN: 0262331438

Category: Business & Economics

Page: 448

View: 1791

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Simulation modeling is increasingly integrated into research and policy analysis of complex sociotechnical systems in a variety of domains. Model-based analysis and policy design inform a range of applications in fields from economics to engineering to health care. This book offers a hands-on introduction to key analytical methods for dynamic modeling. Bringing together tools and methodologies from fields as diverse as computational statistics, econometrics, and operations research in a single text, the book can be used for graduate-level courses and as a reference for dynamic modelers who want to expand their methodological toolbox.The focus is on quantitative techniques for use by dynamic modelers during model construction and analysis, and the material presented is accessible to readers with a background in college-level calculus and statistics. Each chapter describes a key method, presenting an introduction that emphasizes the basic intuition behind each method, tutorial style examples, references to key literature, and exercises. The chapter authors are all experts in the tools and methods they present. The book covers estimation of model parameters using quantitative data; understanding the links between model structure and its behavior; and decision support and optimization. An online appendix offers computer code for applications, models, and solutions to exercises.ContributorsWenyi An, Edward G. Anderson Jr., Yaman Barlas, Nishesh Chalise, Robert Eberlein, Hamed Ghoddusi, Winfried Grassmann, Peter S. Hovmand, Mohammad S. Jalali, Nitin Joglekar, David Keith, Juxin Liu, Erling Moxnes, Rogelio Oliva, Nathaniel D. Osgood, Hazhir Rahmandad, Raymond Spiteri, John Sterman, Jeroen Struben, Burcu Tan, Karen Yee, Gönenç Yücel

Strategic Modelling and Business Dynamics , A Feedback Systems Approach

Business, Management

Author: CTI Reviews

Publisher: Cram101 Textbook Reviews

ISBN: 1467229016

Category: Education

Page: 19

View: 4013

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Facts101 is your complete guide to Strategic Modelling and Business Dynamics , A Feedback Systems Approach. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Developing Windows-Based and Web-Enabled Information Systems

Author: Nong Ye,Teresa Wu

Publisher: CRC Press

ISBN: 1482253879

Category: Business & Economics

Page: 602

View: 1589

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Many professionals and students in engineering, science, business, and other application fields need to develop Windows-based and web-enabled information systems to store and use data for decision support, without help from professional programmers. However, few books are available to train professionals and students who are not professional programmers to develop these information systems. Developing Windows-Based and Web-Enabled Information Systems fills this gap, providing a self-contained, easy-to-understand, and well-illustrated text that explores current concepts, methods, and software tools for developing Windows-based and web-enabled information systems. Written in an easily accessible style, the book details current concepts, methods, and software tools for Windows-based and web-enabled information systems that store and use data. It is self-contained with easy-to-understand small examples to walk through concepts and implementation details along with large-scale case studies. The book describes data modeling methods including entity–relationship modeling, relational modeling and normalization, and object-oriented data modeling, to develop data models of a database. The author covers how to use software tools in the Microsoft application development environment, including Microsoft Access, MySQL, SQL, Visual Studio, Visual Basic, VBA, HTML, and XML, to implement databases and develop Windows-based and web-enabled applications with the database, graphical user interface, and program components. The book takes you through the entire process of developing a computer and network application for an information system, highlighting concepts and operation details. In each chapter, small data examples are used to manually walk through concepts and operational details. These features and more give you the conceptual understanding and practical skill required, even if you don’t have a computer science background, to develop Windows-based or web-enabled applications for your specialized information system.