CSAM Seminar: SYSTEM DYNAMICS: A SOFT AND HARD APPROACH TO MODELLING

Management

Speaker:Dr Martin Kunc, Associate Professor of Operational Research and Management Science
Website: https://www.wbs.ac.uk/about/person/martin-kunc
Date: Thursday 15 February 2018
Time: 09:30-10:30
Location: XFi Conference Room 1

Further details

ABSTRACT

System Dynamics (SD) can be employed for qualitative and quantitative modelling. There are important tools and methods within SD that can be easily accommodated within qualitative modelling, also known as Soft Operational Research or problem structuring method. While traditional stocks and flows are the basic components of quantitative SD modelling, quantitative SD modelling shares many commonalities, e.g. empirically driven, thorough testing, and critical focused to outputs, with traditional simulation methods and quantitative Operations Research tools. This tutorial informs novice modellers on the aspects to consider when they want to use SD as a qualitative and quantitative modelling method. In any approach employed, the use of SD modelling needs to be grounded in relevant literature from the perspective employed, qualitative or quantitative.

 

BIO:

MARTIN H KUNC is an Associate Professor of Management Science at Warwick Business School, University of Warwick. He holds a PhD in Decision Sciences from London Business School, UK. His research interests lie in system dynamics simulation modelling, especially in healthcare, strategic decision making processes and dynamics of competitive industries. He has published more than 30 articles in diverse areas and journals related with his research interests. He is also associate editor of three journals. His email address is martin.kunc@wbs.ac.uk.