Term 3: System Dynamics Modelling for Business
| Study location | Germany, Berlin |
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| Type | On Campus, full-time |
| Nominal duration | 2 weeks |
| Study language | English |
| Accreditation | 3 ECTS |
| Tuition fee | €890 per programme The program price consists of the course/tuition fee (student or working professional, see details below) plus the registration fee (€60). Student course/tuition fee: €890 This course/tuition fee covers the course, course materials and a cultural program. |
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| Registration fee | €60 one-time The registration fee is in addition to the course/tuition fee and covers the processing of your application. It is payable upon registration. Please note that the registration fee is non-refundable. |
| Entry qualification | At least one year of university experience or equivalent work experience The entry qualification documents are accepted in the following languages: English / German. Please upload one of the following documents:
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| Language requirements | English All applicants are required to upload a document or certificate to demonstrate their proficiency in English language. If you are a non-native English speaker, you must prove you have a score equivalent to the level B2 or above in the European system (the Common European Framework of Reference for Languages, or CEFR), or provide evidence that you’ve undertaken an equivalent degree/studies in English. CEFR: B2 More details: www.tu-berlin.de/menue/summer_university/requirements/ If you are a native English speaker, please select this during registration. You will then be exempt from having to upload proof of English level. |
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| Other requirements | Fundamentals of mathematics and statistics in Bachelor programs Specific requirements for Non-EU applicants: Please upload your insurance waiver in English (all pages). |
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| More information |
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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:
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 Modeling
- 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 to use 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
Europe/Berlin time
Europe/Berlin time