The strategic planning process involves anticipatory decision making for the business as a whole. The integrated functioning of a business and its interaction with the environment are complex enough to comprehend by intuition alone. Choice of modelling strategy as well as method of its application therefore attain significance. Modular approach during corporate model design is recommended for dealing with complexity. System Dynamics method is found most suitable to do so. Corporate model can be constructed from the modules of marketing, production, and finance. Production system has been analysed to illustrate the modular approach using system dynamics method for the purpose of corporate modelling. A generic set of eight basic feedback modules has been designed to model any capacity centre. A few such sets integrated result in model of a production system. This approach has been applied for modelling a steel plant. The production model has been historically validated. It has been extended to incorporate financial consequences. The steel pant model so designed has been used for simulation experiments.

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Date created

• 1988

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

ff3ca29802c9b5ed0bd77a0a9e76375a

Scope and Contents

Part of

74bc8d76f7112f877dcc1bed073089e6

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives