Systems thinking is an approach to reasoning and treatment of real-world problems based
on the fundamental notion of 'system.'System here refers to a purposeful assembly of …

With the transformation of China's industry and demographic structure, urban shrinkage,
especially the resource-based cities due to their single industrial structure, tend to emerge …

The reverence for data as the source of knowledge seems to be the rule in academic
activities. In this respect, system dynamics has much to offer. One of its trademarks is …

Current teaching and learning of system dynamics are based on materials derived from the
expertise of masters. However, there is little explicit reference to neither the stages which …

Global supply chains (SCs) have been severely impacted by the COVID-19 pandemic on
several levels. For example, SCs suffered from panic buying-related instabilities and …

The treasury analogy is widely used in most countries in the execution of fiscal policies
striving to match taxation with public expenditure while, at the same time, the central banks …

Since the time of Adam Smith, economists have studied the dynamics of economic systems.
From a system dynamics perspective, the change in any system over time occurs when flows …

Multi-criteria decision-making (MCDM) can be formally implemented by various methods.
This study compares suitability of four selected MCDM methods, namely WPM, TOPSIS …

This chapter shows how tools from the fields of simulation and data science can be used to
enhance the mathematical rigor and socioeconomic insightfulness of institutional economic …

The neoclassical models of economics seem to have eluded the concept of physical limits to
growth by assuming that the market and the technological advances evoked by it will make it …