Reference no: EM133139762

Choose a dynamic system from a field or an organisation (including but not limited to business management, public management, public health, and environment). Complete both parts (A and B) as explained below.

Part (A):

For this part, you need to describe your selected system and provide necessary (and only necessary) background information. This should include the following:

• What is included in the system and where is the boundary?

• What variable(s) in the system can change over time?

• What time horizon should be chosen for the variable(s) to show any changes?

• If applicable, what problem is the selected system undergoing?

Part (B):

For this part, you need to study your selected system using modelling and simulation.

This should include the following:

• Build a model for the selected system, or an aspect of it, using Stella. You may use real data where possible or you may assume the required data

• Briefly discuss what variable(s) in the system are often used as key performance indicator (KPI) that can also be studied by simulation

• Change the values of certain parameters, ‘play' with the model, to understand the dynamic features of the system

• Discuss and illustrate your understanding of how the system behaves/operates with regard to the chosen performance measures (KPIs), explain this by drawing connection to the model structure

• Discuss under what condition the simulation will show a more desirable outcome, and what we can learn from it for optimising the real-world system you selected.