System Dynamics: Theory and Practice

Develop a practical understanding of System Dynamics qualitative and quantitative methods.

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

For delegates who have an interest in becoming familiar with the principles of system dynamics and applications in diverse problems.

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 

Related courses

  • OR and Strategy 
  • Problem Structuring Methods

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.