Business Dynamics Systems Thinking And Modeling For A Complex World(1st Edition)
Authors:
John Sterman, John D. Sterman
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Solution Manual Includes
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Book details
ISBN: 007238915X, 9780072389159
Book publisher: McGraw-Hill Education
Book Price $0 : John Sterman's 'Business Dynamics: Systems Thinking and Modeling for a Complex World' delves into the intricate methodologies of system dynamics to understand and solve complex business environments. The book provides a thorough exploration of how systems thinking can be applied to model complex systems using feedback loops, stocks, and flows. These concepts are crucial in business decision-making processes, allowing for more effective and sustainable solutions. By using this framework, one learns to identify interconnections within a system and predict how alterations can lead to unforeseen consequences. The text is structured in a manner akin to a solution manual, guiding readers through step-by-step methodologies for constructing and analyzing dynamic models. It stands out with a comprehensive table of contents, which meticulously maps out chapters that cover everything from foundational principles of system dynamics to advanced applications like policy design and analysis. In academia, this book is often paired with an answer key for complex problems, ensuring that the reader can validate their understanding. 'Business Dynamics' has been well-received for its educational depth and practical application, serving as an essential resource for students and professionals in fields requiring system modeling expertise.
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