Germany, Berlin

System Dyamics Modelling for Business Analysis

online course
when 17 August 2020 - 28 August 2020
language English
duration 2 weeks
credits 3 EC
fee EUR 700

This course covers the theory, tools, and techniques associated with systems thinking approach which allows students to understand the relationship and connections between components of a system, instead of looking at the individual components one by one. Moreover, this course provides an introduction to system dynamics modelling for the analysis of business policies and strategies.
This online program categorizes students to small working groups regarding the students’ background and offers them special tutorial services for business simulation based on their research interests.
The course uses role-playing games, simulation software to develop principles for the successful management of complex strategies. Special emphasis will be placed on how to realize the inter-relation between different components of system and then how to quantify these times depended impacts.
This program helps students to develop understanding and proficiency in system dynamics simulation to evaluate the future of one business in the real world by system thinking approach to consider the linear and nonlinear impacts between different components of one business.

Course leader

Dipl.-Ing. MBA. Hamid Mostofi, researcher at faculty 1 of TU Berlin. He has experiences in the field of business analysis for urban infrastructure development and urban mobility as well as renewable energy development.

Target group

The Bachelor graduates and Master/PhD students of:
• Business and Economics
• Management
• Industrial, Civil, IT and Computer Science, Mechanical, Electronical Engineering

Course aim

Systems Thinking and Business Dynamics
• Learn the relevance of taking a wider system perspective in examining challenges and understand why decisions and responses change naturally over time
• Learn to examine the possible impacts of policy changes and technological innovations on business environment
Tools for System Dynamics Modeling
• Develop skills in the use of simple mapping and spreadsheets to elicit mental models of system structures, and be able to anticipate from their structures, the dynamic behavior of simple closed‐loop systems
• Learn quantitative approaches for simulation business policy
Simulating Complex Business Systems
• Be able to model and simulate multi‐looped systems by using system dynamics software and simulate possible future scenarios of real‐world business, government, community and global challenges
• Learn modelling software such as VensimPLE. In this course, the Vensim Personal Learning Edition (Vensim PLE) by Ventana Systems will be used. It is free for academic use and available for Windows and Mac

Credits info

3 EC
We will ask participants to fulfill the following technical requirements:
• Fully functional device (laptop, tablet, PC)
• Stable internet connection
• Software: Zoom (App installed on desktop or over browser. Participants are requested to use their real names as zoom account names.)
• Recommended: external headset for better sound quality

Fee info

EUR 700: Aug. 10-17: *Reading week* : flexible, 5 hours preparatory work to be done on-demand
Aug. 17-21: Week 1: Live and on-demand course elements
Aug. 24-28: Week 2: Live and on-demand course elements

The fee covers the course, course materials, and a digital cultural program.