System dynamics (modelling)

System dynamics is a tool intended to enable our thinking about how feedback, delay, shifting feedback loop dominance, and non-linearity contribute to systemic behaviour. System dynamics is a methodology embedded in the cybernetic or control paradigm, that is the ‘branch of control theory which deals with socio-economic systems’ (Coyle, 1977).

References

  • Coyle, R.G., 1977, Management System Dynamics, John Wiley and Sons, Chichester, UK.