System Dynamics: Theory and Practice

Develop  practical skills in qualitative and quantitative System Dynamics methods for complex problem-solving. 

Description

  • Learn how to develop both qualitative and quantitative models using System dynamics.  
  • Understand the basic principles of system dynamics and its modelling process 

Learning objectives

  • Learn the basic principles of system dynamics and its modelling process  
  • Use causal loop diagrams to develop both qualitative and quantitative system dynamics models
  • Critically discuss the advantages, limitations, and practical application of system dynamics

Topics

  • System dynamics modelling process 
  • Feedback processes 
  • Causal Loop Diagram 
  • Group Model Building 
  • Stocks and Flow Modelling 
  • Development of a small System Dynamics Model 
  • Rehearsing scenarios using System Dynamics 

Audience

System Dynamics can help you to make sense of the big picture when you are solving problems, especially strategic issues. System Dynamics is mainly a graphical method, which only requires a limited amount of data to start building your model to start getting insights very quickly about the complexity of your problem.

Course format

  • PowerPoint presentation to introduce the topics 
  • Practical sessions using Vensim software and Microsoft Excel 
  • Group discussion/work to explore the topics in more detail 
  • Bring questions from your own work to embed your learning 
  • Supporting resource pack available to use following the course 

Want to run this course in-house? Enquire about running this course in-house

Meet the tutor

Martin Kunc

Martin is Professor of Business Dynamics/Management Science at Southampton Business School. His areas of research are System Dynamics modelling and its application in scenarios and strategic decision making in healthcare and professional firms.

He has projects with organisations both private and public. Martin has published in multiple journals and books in analytics, behavioural operational research and system dynamics. He is co-editor of the Journal of the Operational Research Society.