Applying system dynamics to strategic decision making in construction

来源 :Frontiers of Engineering Management | 被引量 : 0次 | 上传用户:cairing
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The author discusses the application of System Dynamics to high-level strategic simulation in construction. In particular, System Dynamics’ strength on representing feedback processes, aggregation, soft variables,and continuous simulation clock for high-level simulation are discussed using real modeling examples. From this exercise, it is concluded that System Dynamics offers a great potential for strategic simulation in construction.Further, the author proposes a comprehensive simulation framework that integrates System Dynamics and Discrete Event Simulation for a strategic decision making process in construction where operational details should be taken into account. The author discusses the application of System Dynamics to high-level strategic simulation in construction. In particular, System Dynamics’ strength on representing feedback processes, aggregation, soft variables, and continuous simulation clock for high-level simulation are discussed using real modeling examples. From this exercise, it is concluded that System Dynamics offers a great potential for strategic simulation in construction. Future, the author proposes a comprehensive simulation framework that integrates System Dynamics and Discrete Event Simulation for a strategic decision making process in construction where operational details should be taken into account.
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