This past Wednesday, Dr. Jay W. Forrester – the pioneer of the system dynamics methodology of modeling and simulation and arguably the father of all of modern modeling and simulation passed away. Dr. Forrester created the collection of methods that is known as system dynamics.
System dynamics essentially uses differential equations to describe the stocks and flows that move and govern the behavior of systems as diverse as population growth systems, innovation adoption in a market, the movement of good through a supply chain and even the movement of fluids through a pipe. SD applications are wide and varied and honestly it would take too long to go through all the [...]
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