Online Course in Business Dynamics using Vensim



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Business Dynamics
Online Course with Vensim


WHY I NEED THIS COURSE

This course allows the student to acquire, in a time-efficient and uncomplicated manner, knowledge in the formation and construction of dynamic models using Vensim.

Many times, the models are performed with minimal current data and very few historical data. The simulation models that the student will design in this course accommodate these analyses, with the construction of realistic hypotheses and elaborate behavior models.

That's done with the help of software that facilitates the construction of the models as well as performing model simulations. (Software is available for Windows and Mac computers.)

At the end of the course, the student is able to:

1. Describe the components of a complex system.
2. Diagnose the natural evolution of the system under analysis.
3. Create a model of the system and present it using the simulation software.
4. Carry out simulations with the model, in order to predict the behavior of the system."

ORGANIZATION

ATC-Innova has a solid reputation in model simulation research, and is a dynamic company in constant evolution. As such, the company offers internet-based courses to serve English-speaking students who are interested in taking courses.

Courses via the Internet are an excellent opportunity to access postgraduate education, as the student may access the course on the student's own time, at his own pace, and minimizing the loss of work hours.

Additionally, it has been noted that this course, in its internet mode, gives excellent results because the student is very closely monitored in his learning process by the course instructor.

The student receives the documentation of the course and the simulation software Vensim PLE at home. Throughout his progress in the course, he receives by e-mail instruction with study cases and exercises to complete. The student then submits the models he creates to the instructor by e-mail. The instructor is available to the student in this capacity for any help the student needs during his studies.

Because of this very close relationship between the instructor and the student his evaluation is continuously monitored through the completion of the different exercises and study cases.

SYLLABUS

First, the basic structures of the systems and more common dynamics are presented. Next, the phases in the construction of a model are studied. Last, using study cases, the student is taught how to model with the software and simulate different alternatives.

PHASE I. CONCEPTS

  • SYSTEM DYNAMICS
    Causal diagrams.
    Stable, unstable and oscillant systems.
    Medium term dynamics.
  • CONSTRUCTION OF A MODEL
    Flow Diagrams.
    Phases in the construction of a model.
    Computer simulations.

    PHASE II. BASIC EXERCISES

  • Case 0. INTRODUCTION
    Using the software.
  • Case 1. SIMPLE SYSTEM
    Foreseen behavior and behavior in the model.
  • Case 2. PRODUCTION AND INVENTORY
    From the text description to the model.
    Using Tables in non-linear relations.
    Using Delays in the models.
  • Case 3. PROJECT DYNAMICS
    Building a model in phases.
    The measurement units help us.
  • Case 4. SHORT TERM vs. LONG TERM POLICIES
    Studies in soft defined environments. To extract the data.
    Importance of the horizon of the simulation.
    Simulating different management styles.
  • Case 5. COMMODITY CYCLE
    To integrate several submodels in a bigger one.
    The cause of the oscillations.
    Explanation of the results.

    PHASE III. ADVANCED EXERCISES

  • Case 6. THE AGING CHAINS
    Comparison of expectations and model results
    Build a model based on a text
  • Case 7. DRAWING COMPLEX DIAGRAMS
    Shadow variables
    Creating complex flow diagrams
  • Case 8. USING QUALITATIVE VARIABLES
    Simulate policies
    Use of qualitative variables in a model
  • Case 9. IMPORT DATA AND EXPORT RESULTS
    Import data from excel and export results
  • Case 10. BUILDING SIMULATION GAMES
    Definition of the variables of a game
    Creation and development of the game
  • Case 11. USING INPUT OUTPUT INTERFACE
    Design of screens of data entry and output of results
  • Case 12. MONTE CARLO SENSITIVITY TESTIG
    Sensitivity analysis of relevant variables
    The Monte Carlo Method

    PHASE IV. GUIDED PRACTICAL EXERCISE

  • Define the problem and identify the related elements
  • Define solutions to solve the problem to be tested
  • Draw the Causal Loop Diagram and identify the feedbacks
  • Draw the Stock and Flow Diagram
  • Write the equations and the values of the parameters
  • Simulate a first version of the model
  • Improve the model and run new simulation
  • Write the conclusions

  • TEACHER

    Juan Martin Garcia , Ph. D. Industrial Engineer, diploma in the Sloan School of Management of the Massachusetts Institute of Technology ( MIT ). He has given classes of building models during the last 20 years in several universities. His specialization on Ecology, Environment, and Natural Resource Management allows him to offer a double vision: theoretical and practical.

    MATERIALS

    The CD delivered to the student contains the theoretical explanations and the basic study cases around which the course is based.


    Theory and Practical Exercises of System Dynamics. ISBN 84-609-9804-5 See the book. Additionaly it receives by email some exercises not included in the book.

    SOFTWARE

    The student receives a license of Vensim PLE PLUS without any additional cost.

    COST

    The total cost of the course is 600 euros

    DURATION

    Two monts to complete the exercises, and three months to complete the guided practical exercise. Some pauses are possible if the student justifies it for professional reasons.

    REQUIRED KNOWLEDGE

    This course is intended for undergraduate and graduate students with or without professional experience.
    Only basic computer skills are needed. No statistical or specific mathematical education is required.

    APPLICATIONS

    The content of this course can be applied in many areas. In the business world, these topics are mainly used to address issues related to Strategic Planning, Business Planning, Leadership Development, Strategic Marketing and Sales, Organization Redesign, Process Improvement, Implementation of operational plans. In general to build and sustain high performance over the long term, and ensure successful implementation of changes. In the academic world, these topics may be used to develop Final Projects or Doctorate, theses on diverse subjects.

    CERTIFICATE

    The certificate is issued by ATC Innova, Official Distributor of Vensim. Students need to complete the 50% of the exercises to obtain the certificate.

    REGISTRATION

    1. Please download the registration form and fill in your personal data,

    2.Pay with credit card here,
    3. Email the registration form with a copy an official document of identity.
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