In this lecture, we cover examples and a case study explored by Morecroft (2015, ch. 8) relating to building and using system dynamics models of the global oil industry. At a high level, the salient points are how to model an apparently large and complex system with a tractable set of (relatively small) stocks and how to build models sector by sector to reduce the modeling burden. At a lower level, we focus on modeling the effects of OPEC (Organization of Petroleum Exporting Countries) on the global oil industry.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
In this lecture, we review the fundamentals of numerical simulation (and Euler's method) for a simple clonal bacteria population system ...
-
In this lecture, we dig more deeply into the definition of a model and the types of models. We focus on how anything can be used as a model ...
-
In this lecture, we introduce the concepts of stochastic modeling (the use of randomness to simplify the modeling process) and chaos (the ex...
-
In this lecture, we start to introduce "systems archetypes" as representing more complex aggregations of loops that give rise to c...
-
In this lecture, we introduce numerical simulation of dynamical systems (coupled ordinary differential equations) within the context of stoc...
-
In this lecture, we review causal loop diagram (CLD) fundamentals and go through a few examples of building and annotating CLDs. We also go ...
-
We start this lecture with very brief tutorials of building, executing, and analyzing stock-and-flow diagrams in both Vensim PLE (from Venta...
-
In this lecture, we start by reviewing numerical integration methods (Euler's method) for approximating solutions to ordinary differenti...
-
In this lecture, we demonstrate how to draw and simulate stock-and-flow diagrams in Insight Maker (a web-based System Dynamics Modeling (SDM...
-
In this lecture, we motivate the use of "causal loop diagrams" as a bridge for building system dynamics models as well as analyzin...
No comments:
Post a Comment