Frontiers of Engineering Management
>> 2017,
Volume 4,
Issue 1
doi:
10.15302/J-FEM-2017002
RESEARCH ARTICLE
Applying system dynamics to strategic decision making in construction
| Associate Professor and John L. Tishman Faculty Scholar, Tishman Construction Management Program, Department of Civil and Environmental Engineering, University of Michigan, Ann Arbor, MI 48109, USA |
Accepted: 2017-03-27
Available online: 2017-04-19
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Abstract
The author discusses the application of System Dynamics to high-level strategic simulation in construction. In particular, System Dynamics’ strength on representing feedback processes, aggregation, soft variables, and continuous simulation clock for high-level simulation are discussed using real modeling examples. From this exercise, it is concluded that System Dynamics offers a great potential for strategic simulation in construction. Further, the author proposes a comprehensive simulation framework that integrates System Dynamics and Discrete Event Simulation for a strategic decision making process in construction where operational details should be taken into account.
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