System Dynamics, Models, CLD, and LRD Introduction Flashcards

1
Q

What is a system?

A

A set of interacting components forming a whole.

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2
Q

What does a system respond to?

A

Responds to a set of inputs to yield an output.

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3
Q

Systems are _________.

A

bounded

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4
Q

DEFINE what a system is.

A

A functional unit comprising of specific interconnections (its structure) of functional sub-units which produce particular outputs for given inputs (its behaviour).

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5
Q

Describe the subunits of a system.

A

The subunits are interrelated, interconnected elements

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6
Q

What is abstraction?

A

Systems can be viewed at different levels of detail and this is called abstraction

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7
Q

What is dynamics?

A

Forces or properties that stimulate growth, development and change within a system.

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8
Q

When did system dynamics originate?

A

Originally developed in 1950s by Jay Forrester at MIT

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9
Q

Why was system dynamics developed?

A

It was developed to understand the social, business and economic phenomena.

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10
Q

What are the key components of system dynamics? (2)

A
  • Powerful and versatile tool enabling the modelling of systems which allows us to gain a better understanding of the system
  • Graphical representation of first order differential equations
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11
Q

What is a model?

A

A diagrammatic, graphical, mathematical representation of something in the real
world

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12
Q

Are models 100% accurate?

A

NO, they are never 100% accurate as there are assumptions and boundaries and are therefore oversimplified.

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13
Q

Why are models used?

A

They are used as gathering points for discussion regardless of background and understanding.

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14
Q

Describe qualitative data. (3)

A

Þ Words and descriptions
Þ Discover thoughts
Þ Add depth in understanding

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15
Q

Describe quantitative data. (3)

A

Þ Numbers and measurements
Þ Do calculations
Þ produce graphs

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16
Q

True or false

Causality = correlation

A

False, Causality does not equate to correlation.

17
Q

What is correlation?

A

A statistical measure (expressed as a number) that describes the size and direction of a relationship between two or more variables.

18
Q

What is causality?

A

One event has an effect on another event. It indicates that one event is the result of the occurrence of the over event and therefore there is a causal relationship between the two events. This is also referred to as cause and effect.