In this lecture, we cover the major modeling topics from Chapter 08 of Morecroft (2010), which covers the development of a dynamic model of oil price that explicitly models global oil producers (including independent producers, OPEC, and the effect of Russia entering the market after the collapse of the USSR). The lecture marches through the selection of major sectors to model and then drills down into each sector to discuss how to structure stocks and flows that capture the dynamics of how variables relate to each other to explain price and production fluctuations over time.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Unfortunately, due to a technical issue, a recording of the first half of this lecture was lost. Consequently, this recording skips through...
-
Introduces the course, its structure, and its policies. Also begins to introduce the notion of a "model" and the kinds of system ...
-
In this lecture, we review causal loop diagram (CLD) fundamentals and go through a few examples of building and annotating CLDs. We also go ...
-
In this lecture, we define two different types of delays that are frequently used in simulation – fixed delays and smoothing (or averaging)...
-
In this video, we cover more detailed descriptions of "stocks", "flows", and "converters" as well as how they...
-
Further discussion of what is a "model" (in general), highlighting a wide variety of models including those instantiated in the p...
-
This lecture reviews all content in Units A, B, C, and D in SOS 212 as preparation for the midterm. These topics cover modeling fundamental...
-
In this lecture, we apply system dynamics modeling to generate basic models of disease spread and scenario planning for intervention strateg...
-
This lecture is focused primarily on the content of Chapter 3 from Morecroft (2010) on "Modeling Dynamic Systems." We start with ...
-
In this lecture, which is based on "Applying Systems Archetypes" from Kim and Lannon (1997), we discuss four different ways that ...
No comments:
Post a Comment