Application of system dynamics in the field of management consulting and strategic management
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Date
2020
Authors
Galytska, Eleonora
Primierova, Olena
Journal Title
Journal ISSN
Volume Title
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Abstract
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.
Description
Keywords
system dynamics, model building, business processes, conference materials
Citation
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.