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Students will get the opportunity to learn and try more advanced applications of system dynamics in the area of
dynamic simulation of company management and modeling of behavior of complex systems, using causal
relationships and feedback. The style is interactive, based on syndicate and plenary discussions, solving and
presenting case studies and managerial games.
Last update: T_KTI (11.05.2011)
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To teach students to think about business, markets and companies as system dynamics models. At the end of semester students will be able to identify and explain various linkages and rules of system and support their arguments by dynamic simulations. Particularly they will get insights into company management issues. Last update: T_KTI (10.05.2011)
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Oral exam Last update: Hric Jan, RNDr. (07.06.2019)
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John Morecroft: Strategic Modelling and Business Dynamics: A Feedback Systems Approach. Wiley, 2007. John Sterman: Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill/Irwin, 2000. Jay Forrester: Industrial Dynamics. Pegasus Communication, 1961. Kim Warren:Strategic Management Dynamics. Wiley, 2008. Robert Kaplan, David Norton: The Balanced Scorecard: Translating Strategy into Action. Harvard Business Press, 1996.
Last update: T_KTI (10.05.2011)
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1. Summary of fundaments of system dynamics. Growth dynamics. 2. Theory of companies - strategy, processes, resources, organization. 3. Development of a company strategy map using casual diagrams 4. Simulation game - Management of an airline company 5. Strategic hypotheses testing 6. Company process model 7. Simulation game - Supply chain 8. Model of HR management 9. Dynamic market model - Oil prices Last update: T_KTI (10.05.2011)
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