In this lecture, we review topics from Chapter 9 of Morecroft (2015) on public sector applications of strategic modelling (i.e., system dynamics modeling, SDM). We start by walking through Forrester's Urban Growth Dynamics model and how it helps act as a lens for thinking about the drivers of stagnation in cities. Then we shift to thinking about regulation in a fishery. We take this opportunity to introduce the notion of a "tipping point" as well as the tool of a "bifurcation diagram." We do not have enough time to show how to endogenize exploitation decisions within the fishery model, but details of this are presented by Morecroft (2015).
Archive of lectures given as part of SOS 212 (Systems, Dynamics, and Sustainability) at Arizona State University with instructor Theodore (Ted) Pavlic.
Thursday, November 10, 2022
Lecture F2 (2022-11-10): Chapter 9, Public Sector Applications of Strategic Modelling (Morecroft 2015)
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