13 Facts About System dynamics

System dynamics is an approach to understanding the nonlinear behaviour of complex systems over time using stocks, flows, internal feedback loops, table functions and time delays.

System dynamics is a methodology and mathematical modeling technique to frame, understand, and discuss complex issues and problems.

Convenient graphical user interface system dynamics software developed into user friendly versions by the 1990s and have been applied to diverse systems.

System dynamics is an aspect of systems theory as a method to understand the dynamic behavior of complex systems.

System dynamics was created during the mid-1950s by Professor Jay Forrester of the Massachusetts Institute of Technology.

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In 1959, Phyllis Fox and Alexander Pugh wrote the first version ofDYNAMO, an improved version of SIMPLE, and the system dynamics language became the industry standard for over thirty years.

At the Bern meeting, Forrester was asked if system dynamics could be used to address the predicament of mankind.

Primary elements of system dynamics diagrams are feedback, accumulation of flows into stocks and time delays.

System dynamics has found application in a wide range of areas, for example population, agriculture, ecological and economic systems, which usually interact strongly with each other.

System dynamics have various "back of the envelope" management applications.

System dynamics is very similar to systems thinking and constructs the same causal loop diagrams of systems with feedback.

However, system dynamics typically goes further and utilises simulation to study the behaviour of systems and the impact of alternative policies.

System dynamics has been used to investigate resource dependencies, and resulting problems, in product development.