Dynamic Modeling for Business Management: An Introduction (Modeling Dynamic Systems)

Modelling is a tool used by savvy business managers to understand the processes of their business and to estimate the impact of changes. Dynamic Modelling for Business Management applies dynamic modelling to business management, using accessible modelling techniques that are demonstrated starting with fundamental processes and advancing to more complex business models. Discussions of modelling emphasize its practical use for decision making and implementing change for measurable results. Readers will learn about both manufacturing and service-oriented business processes using hands-on lessons. Then will then be able to manipulate additional models to try out their knowledge and address issues specific to their own businesses and interests. All of the models used in the book and a run-time version of the ithink software are included on a CD-ROM included with the book. Some of the topics covered include workflow management, supply-chain-management, and strategy.

Amazon Sales Rank: #1196460 in Books Published on: 2004-01-08 Original language: English Number of items: 1 Binding: Hardcover 328 pages

From the Back Cover Modeling is a tool used by savvy business managers to understand the processes of their businesses and to estimate the impact of changes. Dynamic Modeling for Business Management demonstrates dynamic modeling techniques beginning with fundamental processes and advancing to more complex business models. Discussions of modeling emphasize its practical use for decision-making and in implementing change for measurable results. Readers will learn both manufacturing and service-oriented business processes through hands-on lessons. They will then be able to manipulate additional models to test their knowledge and address issues specific to their own businesses and interests.  All of the models used in the book along with demo versions of ithink® and Berkeley Madonna™ software are included with the book on a CD-ROM. Some of the topics covered include workflow management, supply-chain management, and business strategy.

Customer reviews more useful to 8 of 8 people found the following review helpful. Good book and can easily be in practice ... For an avid reader I read this after Sterman of the 'Business Dynamics. "While" Business Dynamics "is an undergraduate textbook, this book is more in line with the requirements of practitioners as advisers and managers. MDS have a series of books on the use of dynamic modeling, each focusing on a specific area, such as biological systems, economics, health sciences, environment, etc. 6 of 6 people found the following review helpful. Excellent text is dynamic modeling by Carl M. Briggs This is an excellent book for a college course for undergraduate or graduate business simulation modeling. It can also useful in an engineering course on simulation models, particularly in more applied areas like industrial engineering. I think the book more accessible, if not so complete that the text Sterman. By adopting a "hands on" approach and the use of modeling software i-believe, I believe that students will also find the concepts more accessible for users of i-think, this text is an excellent example of how the software can be used for the production of specific models and issues of supply chain companies. Even if you're not a member of the Think-(not my first choice), you can still find plenty of practical tips for modeling. The calculation is solid, and there is an interesting twist to the right of Little. For those of stochastic modeling again, the section on modeling random variation is invaluable. It takes the reader through the most useful modeling distributions and is a wonderful blend of mathematical modeling and applied. My only negative comment relates to the section on the slim Economic Value Added (which would have been more developed and have moved into the main body of the text - in my opinion), and the selection of software (no offense to the i-Think user, but I think there are better tools for simulation modeling of general business welfare not for the dynamic modeling -. I dipped my review) In short, it is an excellent starting point entry for the reader a solid introduction to dynamical systems and their special application for the company wants. 5 of 5 people found this review helpful. Big Book of Business Systems and Simulation by David B. Hoffman dynamic modeling to business management is an excellent reference book for students of economic and industrial engineers, and practitioners. The book contains explanations and examples for adding some of the dynamics of core business systems and processes. The mathematical models introduced in operations research and management science courses are very restrictive assumptions simulation lets you explore more realistic models and gives the reader an understanding of the value of adding more realistic systems have the ability to more realistic properties and mechanisms of feedback. An example of waiting lines. In most real situations, the service rate influenced by the actual length of the waiting line. Models ignore this code. By means of simulation, you can model the results of these interdependencies. The authors include Little Law and workflow processes with a series of material flow, supply chain, repair systems, dosing and trade-offs between quality, speed and price. This is an example of the dynamic old adage: "You can have a good, quick, cheap, pick two." This book serves as an introduction to the language iseesystems Ithink Simulation, High Performance Systems formally. The advantage of using this language is continuous in its simplicity also makes it easy to learn and adapt very well to readers who are unfamiliar with the language. This book is part of Springer Series in modeling dynamic systems. See all 4 reviews ....