Managerial Applications of System Dynamics

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Now available from Productivity Press, this volume serves as both a text and a working resource, featuring 36 chapters and 4 appendices that demonstrate the application of system dynamics in strategic planning and managerial problem-solving across various corporate functional areas, including manufacturing, marketing, research and development, and finance. It also addresses societal problems relevant to managers' social responsibilities. Many chapters detail modeling processes and results, with nine providing complete documentation of computer models and their equations. This book represents the first compilation of real managerial applications of system dynamics since Forrester's Industrial Dynamics in 1961, focusing on corporate models. Used as a teaching resource in the Sloan School’s graduate and executive programs, the introductory chapter outlines the philosophy and methodology of system dynamics, emphasizing that an organization's behavior is largely influenced by its structure, including policies and traditions. It posits that organizations should be understood through their underlying flows rather than separate functions, establishing a meaningful system framework through cause-and-effect chains. Included in the MIT Press/Wright-Allen Series in System Dynamics, this work builds on the methodologies developed by Forrester, Roberts, and MIT faculty, utilizing computers to predict the consequences of various policies and