From the course: Supply Chain Beyond the Basics: Building System Dynamics Models

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System dynamics modeling tools

System dynamics modeling tools

From the course: Supply Chain Beyond the Basics: Building System Dynamics Models

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System dynamics modeling tools

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- [Presenter] There's a great quote from statistician George Box, who said, "All models are wrong, but some models are useful." System dynamics modeling is a valuable approach for understanding and simulating the behavior of complex systems over time. There are several powerful tools available for creating and analyzing these models. Each of them has its own unique strengths. One of the most widely used tools is Vensim, known for its robust simulation capabilities and support for large, complex models. It's particularly valuable for sensitivity analysis and optimization, making it a go-to choice for both educational and professional applications. Another popular tool is Stella Architect by ISEE Systems. Stella is highly regarded for its user-friendly drag and drop interface, which makes it accessible even for beginners. It excels in visualizing models and creating interactive dashboards, making it an excellent choice for teaching and communicating system dynamics concepts. AnyLogic…

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