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System Dynamics Modelling for Business Analysis

Summer University Online: July 5th - 16th, 2021

3 ECTS credit points, max. 24 participants

Registration Deadline: June 6th, 2021

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Overview

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 and simulation software to develop principles for the successful management of complex strategies. Special emphasis will be placed on the nature of interrelationships between different components of a system, as well as the question of how to quantify time-dependent factors in this context.

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.

Learning Goals and Syllabus

Learning Goals

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 Modelling

  •  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

 

Course Structure:

Reading week: June 28th - July 2nd, 2021. Flexible, 5 hours preparatory work to be done on-demand.

Online course: July 5th - July 16th, 2021. Estimated session times are Mondays through Fridays from 9 am to 2 pm CET for live lectures and group sessions, etc.

Please note that exact session times will be confirmed once registrations have closed (sessions will be scheduled according to the time zones of the registered course participants).

Should you have any questions regarding the course timetable, please contact us at summeruniversity@tubs.de [3]

Please note this is a full-time, intensive course. Weeks 1 and 2 will involve approximately 30 hours of workload.

 

Syllabus:

A detailed syllabus with information on the schedule will be made available to registered participants.

You may find the syllabus useful when discussing with your home university whether the ECTS credits attainable for this course are accepted by them.

 

Course components

  • Introduction of System thinking approach
  • Principles of Dynamic Modelling and Sustainable Policy Design
  • System Dynamics Simulation Software
  • System Dynamics Tools Part 1: Building a model with causal loop diagrams
  • System Dynamics Tools Part 2: Mapping the stock and flow structure of systems linking with feedback
  • Result analysis of System Dynamics Modelling
  • Growth Strategies: Network Externalities, Complementarities, and Path Dependence
  • Model Validation and Verification Approaches

Target Audience

This course is designed for current university students, working professionals and any individuals with an interest in furthering their knowledge and understanding in systems thinking and business modelling.

As well as bachelor graduates and master/PhD students of:

  • Business and Economics
  • Management
  • Industrial, Civil, IT and Computer Science, Mechanical, Electrical Engineering

Prerequisites and Technical Requirements

Participants of the TU Berlin Summer University must meet the following requirements: (i) B2 level English, or equivalent and (ii) at least one year of university experience. Working professionals are also welcome to take part in the program.

Technical Requirements

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 name as zoom account name)
  • Recommended: external headset for better sound quality

Lecturer(s)

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.  He is the team member of GECI project at TU Berlin (Green Energy Center of Iran) which is defined by The Federal Ministry of the Environment (BMU).

He has the work experience in the field of teaching and preparing learning materials In the field of MBA courses in German universities Such as Sustainable Mobility Management MBA (TU Berlin) – MBA Renewables (Beuth Hochschule für Technik Berlin) and MBA&E (Hochschule für Technik und Wirtschaft Berlin). His current PhD thesis is System Dynamics modelling of rebound effects for Smart City Technologies on urban mobility.

Course fees

Course fees for System Dynamics Modelling are as follows:

Student: 720 Euro

Working professional/Non-student: 1120 Euro

The early bird discount is available for all participants until April 1st 2021.

Please note that students will be required to upload proof of their student status (student card/ enrollment information) during the registration process.

Summer University Online: July 5th - 16th, 2021

3 ECTS credit points

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Contact

TU Berlin Summer & Winter University
+49 30 4472 0230
summeruniversity@tubs.de [8]

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