Modeling Dynamic Systems

An Introduction

By: Bernard McGarvey, Bruce Hannon

Write A Review

Hardcover | 8 January 2004

At a Glance

Hardcover
324 Pages

Dimensions(cm)
23.5 x 15.88 x 1.91

Hardcover

$169.00

or 4 interest-free payments of $42.25 with

Ships in 5 to 7 business days

Modelling is a tool used by savvy business managers to understand the processes of their business and to estimate the impact of changes. Dynamic Modelling for Business Management applies dynamic modelling to business management, using accessible modelling techniques that are demonstrated starting with fundamental processes and advancing to more complex business models. Discussions of modelling emphasize its practical use for decision making and implementing change for measurable results. Readers will learn about both manufacturing and service-oriented business processes using hands-on lessons. Then will then be able to manipulate additional models to try out their knowledge and address issues specific to their own businesses and interests. All of the models used in the book and a run-time version of the ithink software are included on a CD-ROM included with the book. Some of the topics covered include workflow management, supply-chain-management, and strategy.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $89.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Computing & I.T.Graphical & Digital Media Applications 3D Graphics & Modelling Mathematics Optimisation Linear Programming Business & Management Management & Management Techniques Management Decision Making Applied Mathematics Economics

Economics of Industrial Organisation Political Economy Industry & Industrial Studies

Other Editions and Formats

Paperback

Published: 15th February 2014

View Product

Preface
Introduction to Ithink
Introduction
Static, comparative static, and dynamic models
Model components
Modeling in Ithink
The detailed modeling process
Modeling of Dynamic Business Systems
Introduction
Making the organization more manageable-systems and processes
Creating and using a model
Structural complexity-a market share model
Complexity due to random variation-an order control process
Further benefits of dynamic modeling
Organization principle of this book
Measuring Process Performance
Introduction
Financial measures of performance
The basic profit model
The role of time, borrowing, and lending
Choosing among alternatives
Optimizing at the level of the firm
Issues with financial measures
Beyond process output measures
The process model approach
Single-Step Processes
Introduction
The basic process model and Little's Law
Queuing systems
Transient queuing behavior
Further modeling with queuing systems
Multistep Serial Workflow Processes
Introduction
Modeling multistep processes in ITHINK
Specifying models/modeling objectives
An uncoupled process-an order handling process
A tightly coupled process-a fast food restaurant process
Other configurations
Multistep parallel workflow processes
Introduction
Parallel queuing models-designing a checkout system
Resource implications-the fast food restaurant revisited
Telephone call center model-balking
Machine repair model
Batching-a laboratory analysis model
The Supplier Interface: Managing Risk
Introduction
First-moment managers
Second-moment managers
Third-moment managers
Fourth-moment managers
Customer Interface
Introduction
The basic Make-to-Stock model-controlling the inventory level
The Make-to-Order process- customer interface
The Tradeoffs between Quality, Speed, and Cost
Introduction
Model development
The tradeoffs
Coping with uncertainty
Modeling Supply Chains
Introduction
Introduction to the Beer Game
The Beer Game model
Further analysis of the Beer Game model
Modifications to the basic model
Using the Beer Game model in game mode
The Dynamics of Management Strategy: an Ecological Metaphor
Introduction
Hierarchy in nature
A model demonstrating the hierarchical nature of an expanding business
Modeling Improvement Processes
Introduction
Learning curves
Modeling an improvement process
Model results
Other types of learning curves
Modeling Random Variation in Business Systems
Introduction
The uniform distribution
The triangular distribution
The normal distribution-common cause process variation
The exponential distribution-equipment failure times
The Poisson distribution-modeling defects in products
The pass/fail and binomial distribution-product failures
Bimodal distributions-parallel process flows
Custom distributions
The relative comparison of random variation
Discussion of the Actual Profiles for the Examples of Chapter 2
Economic Value Added
Derivation of Equations 6.2, 6.3, and 6.4
Appendix D
Index
Table of Contents provided by Publisher. All Rights Reserved.

Modeling Dynamic Systems

An Introduction

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

More in Management & Management Techniques

Legacy

What the All Blacks Can Teach Us About the Business of Life

Burn Bright

10 Habits to Sustain High Performance in an Always-on World

The Simple Guide to ADHD Regulation

The Secret to Finding Balance, Getting Things Done, and Enjoying Your Life

Outwitting the Devil®

The Secret to Freedom and Success

The Leadership Challenge

7th Edition - How to Make Extraordinary Things Happen in Organizations

The Infinite Game

From the bestselling author of Start With Why

Red Brick Thinking

Make Space. Find Focus. Move Forward.

Full Stack Human

The Mindset Upgrade You Need to Stay Human in a World Ruled by Technology

Good Girl, Goodbye

Rewrite Your Story, Reclaim Your Power, Build a Life You Love

Art Of War

Arcturus Silkbound Classics

Essentialism

The Disciplined Pursuit of Less

The Art of Gathering

How We Meet and Why It Matters

Stillness is the Key

An Ancient Strategy for Modern Life

Buy Back Your Time

Get Unstuck, Reclaim Your Freedom, and Build Your Empire

Barefoot Kids

The new book from The Barefoot Investor

The Winner's Formula

from the bestselling author of The Winner's Bible

Champions Do Extra

Lessons from the rugby legend on resilience, mindset and leadership

Leaders Eat Last

Why Some Teams Pull Together and Others Don't

The 5am Club

Own Your Morning. Elevate Your Life.

Four Thousand Weeks

Embrace your limits. Change your life. Make your four thousand weeks count.

Extreme Ownership

Radical Candor - Fully Revised and Updated Edition

How to Get What You Want by Saying What You Mean

The Daily Stoic

366 Meditations on Wisdom, Perseverance, and the Art of Living: Featuring New Translations of Seneca, Epictetus, and Marcus Aurelius

The Daily Stoic Journal

366 Days of Writing and Reflecting on the Art of Living

This product is categorised by