Application of system dynamics in the field of management consulting and strategic management
Computer technologies are currently one of the most important aspects of economic and mathematical modeling. The high rates of their development have now led to the emergence of many software tools that allow to create computer models of socio-economic processes. With a sufficiently deep knowledge of the behavior of a real system and the correct presentation of the initial information, simulation models are characterized by a greater proximity to the real system than analytical and numerical models. With the help of simulation modeling and the corresponding modern software tools, it is possible to create even those models that cannot be formulated using traditional methods. In addition, simulation allows to create models of those systems with which experiments in real life are impossible.
system dynamics, model building, business processes, conference materials
Galytska E. Application of system dynamics in the field of management consulting and strategic management / Galytska Eleonora, Primierova Olena // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 14-16.