Credits: 3 (3-0-0)
Description
Module I : Introduction to systems methodology, Flexible Systems Methodology, Need and applicability of Systems methodology for management. Nature of managerial problems. System Dynamics Methodology- Philosophy, Foundation, Steps, building blocks, feedback structures, principles of systems, learning organisation.
Module II : Validation, Simulation and testing of System Dynamics models, Policy analysis, Micro world and Management games, Managerial applications of Systems methodology.
Module III : Management of physical systems. Physical system theory: fundamental premises and postulates, modelling of basic processes, application to manufacturing, managerial, and socio-economic systems. Critical comparison and integration of Physical System Theory and System Dynamics. Flexibility in physical system theory.