Bussiness Vensim model
This project is meant to be a culmination of all that you have learned about system dynamics, and system dynamics modeling. Choose your own business article that you think describes a dynamic business problem. From that article you need to build a model of the problem and submit an executive summary to me.
Introduction – 1 to 2 paragraphs
Brief overview of article
Dynamic Hypothesis – 2 to 3 paragraphs
How did the problem arise (bounded rationality, mental models, policy resistance, path dependence, flawed cognitive maps, etc.?)
Modeling process – 3 to 5 paragraphs
Explanation of causal loops (what is their polarity?)
Modes of behavior (oscillation, exponential growth, s-shaped growth)
Policy Review – 3 to 5 paragraphs
What are your policy change recommendations?
What is the expected outcome of such changes?
Will these changes cause any unintended consequences?
How long will it take for these policies to become effective (delays)?
Conclusion – 1 to 2 paragraphs
This is the most subjective portion of the assignment and I encourage you to be mindful of your writing style, grammar, etc. If your paper is full of errors, or simply a regurgitation of the article and/or text you will probably not receive a very good grade. There is no specific length requirement, but I imagine you will need about 5 7 pages to sufficiently explain your findings.
You will need to submit three separate items to me. I want a copy of the article that you are using, the model that you built, and your executive summary. All three items should be submitted in the assignments tab in Learn. Models will not be accepted by any other means.