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
-
Introduces the course, its structure, and its policies. Also begins to introduce the notion of a "model" and the kinds of system ...
-
Unfortunately, due to a technical issue, a recording of the first half of this lecture was lost. Consequently, this recording skips through...
-
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)...
-
Primarily an introduction to using the Vensim PLE software tool to draw causal loop diagrams (CLD's) that are fit to be included in r...
-
In this lecture, we apply system dynamics modeling to generate basic models of disease spread and scenario planning for intervention strateg...
-
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 start by reviewing numerical integration methods (Euler's method) for approximating solutions to ordinary differenti...
-
This lecture is focused primarily on the content of Chapter 3 from Morecroft (2010) on "Modeling Dynamic Systems." We start with ...
No comments:
Post a Comment