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Njaila Research & Consulting | |||||||||||||||||||||||
System Dynamics | |||||||||||||||||||||||
System dynamics is a methodology for studying and managing complex feedback systems, such as one finds in business and other social systems. In fact it has been used to address practically every sort of feedback system. | |||||||||||||||||||||||
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Njaila Research & Consulting uses the system dynamics methodology. System dynamics was developed at MIT in the mid 1950's. The method applies the principles of engineering control theory to managerial and economic problems. Computer models serve as laboratories for experimentation. Modeling is faster and less expensive than experimenting through real-life trials. Modeling allows people to test theories, develop internal consistency, build consensus, discover missing information, estimate the quantitative impact of changes, discover new opportunities, and avoid mistakes. | |||||||||||||||||||||||
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Interesting Links | |||||||||||||||||||||||
Canada SD Group System Dynamics Society Albany-MIT Ph.D. Group MIT System Dynamics Group |
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Home Products News Economics System Dynamics Models Links |
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