System Dynamics: Theory and Case Studies

If you are a student of Engineering (any branch), B.Sc./M.Sc., or Business Management, then this book is for you. It will expose you to a subject evolved at Massacheusettes Institute of Technology, Boston, initiated by the inventor of random access magnetic core memory Germeshausen Professor Jay W. Forrester and demonstrates how to apply the subject into different problem situations. Each case study is a project work undertaken at the graduate or postgraduate level and beyond. Variety of problems from Insurance Sector to Engineering Competence Pool Development to Product Innovation have been tackled to demonstrate the power of System Dynamics. Further, if the subject fascinates you, you may turn out to be a professional modeller, or even carry out research work at the doctoral level. The emphasis of the book is not to teach you the software of System Dynamics simulation such as Vensim®, iThinkTM, STELLATM, MATLAB® Simulink etc., but pass you through the stages of System Dynamics model building and simulation. Once the reader gets tuned to this philosophy of System Dynamics, sky is not the limit, as you can simulate the whole cosmos, provided, you know what are the control parameters!