Question

utility of system dynamics modeling for Business decision making.

Answer 1

Answer:

6This paper presents a decision-making tool based on the system dynamics method for building design and operation, and demonstrates the use of the method for the analysis of a building subjected to a bioterrorist attack. A literature review of prior uses of the system dynamics method, focusing mainly on historic uses within civil and environmental engineering and related disciplines is first presented, to make the case for the applicability of the system dynamics method as a decision-making tool for building system design, retrofit, and operation. A proof-of-concept system dynamics model is presented for modeling of an elementary building system subjected to a bioterrorist attack. The proof-of-concept model includes evaluation of modifications to the building and its defenses. The results of the model simulation are presented and compared with previously published data. Use of the output data to improve decision-making in building design, retrofit, and operation is discussed. A method to link an electronic building information model (BIM) of the building to enable the electronic capture of the relevant building features in the system dynamics model is also discussed and demonstrated. Finally, future development of the model and other potential areas of applicability for the modeling methodology are discussed.

Answer 2

Answer:

this is your answer.....

Explanation:

System Dynamics (SD) is a widely used methodology to study complex feedback structures using computer simulation models. ... These effects are analysed by measuring the change in mental models of decision makers (1) as the level of decision aid is increased and (2) as the complexity of the model is increased.