Managers involved in the refining and trading of oil had conflicting views on the relationship between output and cash generation in their market. A day by day account is given of a project in which the market was modelled. The models ostensibly represented the view of the Refining Strategy staff but consultation which other individuals allowed the views of the local Trading department to be represented too. The tools of system dynamics were used to articulate assumptions and to support a 'dialogue' in which disagreements regarding macro-behaviour were transformed into debates over specifics relationships. The repeated re-crafting of a STELLA model led to alterations in the interaction. In consequence, the participants aligned behind a single view of the market's behaviour, as well as admitting to increased respect for the expertise of the other group.

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Date created

• 1995

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

12420ec6bd5f758d2b4dea59aabd75a9

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

b83f2ce2912343b559f967dd985da515

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives