Assignment: System Dynamic
Choose a dynamic system from a field or an organisation (including but not limited to business management, public management, public health, and environment). Complete both parts (1 and 2) as explained below.
Part 1
For this part, you need to describe your selected system and provide necessary (and only necessary) background information. This should include the following:
I. What is included in the system and where is the boundary?
II. What variable(s) in the system can change over time?
III. What time horizon should be chosen for the variable(s) to show any changes?
IV. If applicable, what problem is the selected system undergoing?
Part 2
For this part, you need to study your selected system using modelling and simulation.
This should include the following:
I. Build a model for the selected system, or an aspect of it, using Stella. You may use real data where possible or you may assume the required data
II. Briefly discuss what variable(s) in the system are often used as key performance indicator (KPI) that can also be studied by simulation
III. Change the values of certain parameters, ‘play' with the model, to understand the dynamic features of the system
IV. Discuss and illustrate your understanding of how the system behaves/operates with regard to the chosen performance measures (KPIs), explain this by drawing connection to the model structure.
V. Discuss under what condition the simulation will show a more desirable outcome, and what we can learn from it for optimising the real-world system you selected.
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, and typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.