This is an archived course. A more recent version may be available at ocw.mit.edu.

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Calendar

SES # TOPICS KEY DATES
1 System dynamics in action: Re-engineering the supply chain in a high-velocity industry Assignment 1 out
2 Formulating simulation models of simple systems  
3 Managing instability part 1: Formulating and testing robust models of business processes

Assignment 1 due

Assignment 2 out
4 Managing instability part 2: The Beer Game (Bullwhip) effect  
5 Managing instability part 3: Forecasting and feedback, how (not) to forecast

Assignment 2 due

Assignment 3 out
6 Cutting corners and working overtime: Service quality management  
7 Managing instability part 4: Business cycles, real estate crises and speculative bubbles

Assignment 3 due

Assignment 4 out
8 Guest lecture: Jay W. Forrester  
9 System dynamics in action: Applications of system dynamics to environmental and public policy issues  
10 Process improvement and the dynamics of organizational change  
11 Overcoming the service quality death spiral  
12 Late, expensive, and wrong: The dynamics of project management  
13 Project management (cont.): Firefighting in new product development  
14

System dynamics in action: The implementation challenge

Conclusion: How to keep learning, follow-up resources, career opportunities, and course evaluations

  Assignment 4 due