IM60009: System Dynamics And Policy Planning

IM60009
Course name	System Dynamics And Policy Planning
Offered by	Industrial & Systems Engineering
Credits	4
L-T-P	3-1-0
Previous Year Grade Distribution
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Semester	Spring

Syllabus

Syllabus mentioned in ERP

Systems Concept and System Dynamics, Evolution of System Dynamics as a System Enquiry Methodology. Strategy modelling: Approaches and procedures, techniques - a comparative study. Conceptual models, Suitability of System Dynamics for Policy analysis, Qualitative System Dynamics, Physical resources conversion modules, Causal Loop diagramming, Qualitative Study of model behaviour and policy recommendation. Case presentation on qualitative analysis. Quantitative System Dynamics. Flow diagramming, model formulation, Software Packages: STELLA, IGRASP, VENSIM. Practice sessions in computer with standard examples. Model validation, Policy design, Algorithms for resource allocation and dynamic policy option selection. Optimization with SD models. Parameter and substructure optimization. Policy design through optimization. Books •Business Dynamics: Systems Thinking and Modeling for a Complex World, John Sterman, McGraw-Hill, 2001. •Introduction to Systems Dynamics Modelling, P K J Mohapatra, P Mandal and M C Bora, University press, Orient Longman, India, 1994.