Successful corporate action requires a comprehensive recognition of the relevant cause-effect relationships. In combination with the mental models of decision-makers, and as a complement to static instruments for business management, system dynamics simulation models provide valuable support. However, due to the usually experienced big effort and the demand of specific modelling knowledge the use of such models is not yet widespread within management. In order to give medium-sized companies in particular access to such simulation models, a practice-oriented concept was developed, enabling the design and implementation of system dynamics models as to support decision-making within strategic management. Within the framework of an empirical case-study, simulation models were developed for and implemented in four production companies. In order to make the modelling process as simple, efficient, effective and relevant as possible, a practical procedure was derived out of the case studies. This procedure describes the entire modelling process encompassing the initial process of structuring the mental models, the development of quantitative simulation models, as well as the analysis of various scenarios. The concept is based on generic model components, assembled to form a fundamental model structure (backbone) in order to facilitate and to accelerate the modelling process.

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Date created

• 2012 July 22-2012 July 26

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

ab062956a014e30aaf02b44e9d33088e

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

b90fd81032b7dbf0c9f90f3dc3a33f1c

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives