[request_ebook] Industrial Dynamics

Description

This is the classic book to simulation topics written in the sixties by Jay Forrester.

The experimental model approach to the de­
sign of large systems, and the availability of
the digital computer for simulation studies of
systems that are too complex for analytical
solution.

The application to business-management
problems of concepts borrowed from informa­
tion-feedback theory suggests how an indus­
try's fluctuation and growth are determined
by the system's structure, its "amplification" in
managerial policies, and its built-in time-delays.
The digital computer, by reducing computa­
tion costs 10,000-fold, has created an entirely
different practical environment than existed
less than a decade ago. Mathematical models
of business dynamics can now interrelate hun­
dreds of variable with no restriction on non-
linear phenomena. Models if such scope will
enable managers to design much more effec­
tive policies. Tomorrow's top-level managers
will devote less than time to repetitive operating de­
cisions and more to shaping the policy basis
that should guide such decisions.

A product of the first five-year phase of a
research program at the M.I.T. Schools of In­
dustrial Management, this book is intended
both as a classroom text and as a practical
guide for managers.

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