Encyclopedia of Complexity and Systems Science

Editors: Robert A. Meyers (Editor-in-Chief)

System Dynamics, The Basic Elements of

  • George P. Richardson
Reference work entry
DOI: https://doi.org/10.1007/978-0-387-30440-3_536

Definition of the Subject

System dynamics is a computer‐aided approach to theory‐building, policy analysis, and strategic decision support emergingfrom an endogenous point of view [18,20]. Itapplies to dynamic problems arising in complex social, managerial, economic, or ecological systems – literally any dynamic systemscharacterized by interdependence, mutual interaction, information feedback, and circular causality.

Introduction

The field of system dynamics developed initially from the work of Jay W. Forrester. His seminal book Industrial Dynamics[7] is still a significant statement of philosophy and methodology in the field. Within tenyears of its publication, the span of applications grew from corporate and industrial problems to include the management of research anddevelopment, urban stagnation and decay, commodity cycles, and the dynamics of growth in a finite world. It is now applied in economics,public policy, environmental studies, defense, theory‐building in social science,...

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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  • George P. Richardson
    • 1
  1. 1.Rockefeller College of Public Affairs and PolicyUniversity at Albany, State University of New YorkAlbanyUSA