System Dynamics Modelling and Simulation
This book covers the broad spectrum of system dynamics methodologies for the modelling and simulation of complex systems: systems thinking, causal diagrams, systems structure of stock and flow diagrams, parameter estimation and tests for confidence buildi
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Bilash Kanti Bala Fatimah Mohamed Arshad Kusairi Mohd Noh
System Dynamics Modelling and Simulation
Springer Texts in Business and Economics
More information about this series at http://www.springer.com/series/10099
Bilash Kanti Bala • Fatimah Mohamed Arshad • Kusairi Mohd Noh
System Dynamics Modelling and Simulation
Bilash Kanti Bala University Putra Malaysia Serdang, Selangor, Darul Ehsan Malaysia
Fatimah Mohamed Arshad University Putra Malaysia Serdang, Selangor, Darul Ehsan Malaysia
Kusairi Mohd Noh University Putra Malaysia Serdang, Selangor, Darul Ehsan Malaysia
ISSN 2192-4333 ISSN 2192-4341 (electronic) Springer Texts in Business and Economics ISBN 978-981-10-2043-8 ISBN 978-981-10-2045-2 (eBook) DOI 10.1007/978-981-10-2045-2 Library of Congress Control Number: 2016951454 # Springer Science+Business Media Singapore 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #22-06/08 Gateway East, Singapore 189721, Singapore
Foreword
The world, today, is passing through a period of great turmoil, socially, politically and environmentally, in spite of the numerous technological wonders that are taking place almost everyday. One needs to take a systems view of the influencing factors and their interactions and impacts in order to find the root causes of these problems and to arrive at viable policy options. System dynamics provides such an approach. The book authored by Professor Bala, Professor Fatimah and Professor Noh presents the principles of system dynamics in very simple language and illustrates its use with the help of five real-life case studies. This book is divided into two parts. The first part of the book presents, in a very simple way and starting with the fundamental principles, how complex interactions among the interacting forces can be modelled by capturi
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