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
-
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 define two different types of delays that are frequently used in simulation – fixed delays and smoothing (or averaging)...
-
In this lecture, we continue to add complexity to system dynamics models in Vensim and Insight Maker by introducing two different forms of d...
-
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 start drawing Causal Loop Diagrams (introduced in the previous lecture) in the System Dynamics Modeling tool Vensim (fro...
-
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...
-
In this lecture, we review causal loop diagram (CLD) fundamentals and go through a few examples of building and annotating CLDs. We also go ...
-
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 prepare for the final exam and review topics from the whole semester.
No comments:
Post a Comment