Dynamic models of economic systems and industrial organizations

Dynamic models of economic systems and industrial organizations In the material that follows, I comment on model building from the viewpoint of its effectiveness in predicting economic behavior and its value as a guide to the management of industrial organizations and the establishment of operating policies and organizational structure. I am referring throughout to models describing sequences of events progressing in time and not mathematical models for describing a static set of relationships. Although the text is written in a somewhat critical manner, I look on most of the statements as propositions for further consideration and discussion rather than as facts which I accept at face value. While my general propositions suggest that current economic model design techniques are not progressing in the most fruitful direction, it is certainly true that those avenues needed to be explored, that most of the efforts represent some progress, and that they provide a foundation from which we can hope to build a better system of economic and industrial firm models using techniques and machines which have become available in the last decade. Copyright © 2003 John Wiley & Sons, Ltd. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png System Dynamics Review (The Journal of the System Dynamics Society) Wiley

Dynamic models of economic systems and industrial organizations

Loading next page...
 
/lp/wiley/dynamic-models-of-economic-systems-and-industrial-organizations-JPxSrgcCGR
Publisher
Wiley Subscription Services, Inc., A Wiley Company
Copyright
Copyright © 2003 John Wiley & Sons, Ltd.
ISSN
0883-7066
eISSN
1099-1727
D.O.I.
10.1002/sdr.284
Publisher site
See Article on Publisher Site

Abstract

In the material that follows, I comment on model building from the viewpoint of its effectiveness in predicting economic behavior and its value as a guide to the management of industrial organizations and the establishment of operating policies and organizational structure. I am referring throughout to models describing sequences of events progressing in time and not mathematical models for describing a static set of relationships. Although the text is written in a somewhat critical manner, I look on most of the statements as propositions for further consideration and discussion rather than as facts which I accept at face value. While my general propositions suggest that current economic model design techniques are not progressing in the most fruitful direction, it is certainly true that those avenues needed to be explored, that most of the efforts represent some progress, and that they provide a foundation from which we can hope to build a better system of economic and industrial firm models using techniques and machines which have become available in the last decade. Copyright © 2003 John Wiley & Sons, Ltd.

Journal

System Dynamics Review (The Journal of the System Dynamics Society)Wiley

Published: Dec 1, 2003

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial