Results of First Steps in Applications of System Dynamics Principles at University of Economics in Prague, Czech Republic (original) (raw)

Abstract

The authors will attempt to overview domestic exper ience of using the system dynamics models in various fields, mainly with respect to pr actical use of simulations for management decision-making support. This paper will present management flight simulator s created at University of Economics in Prague. Theoretic background of these simulators comes from the methodology of system dynamics and systems thinking . These simulators are considered to be tools that would help to understand dynamic r elations in an organization as a whole. The paper is supported by Czech Science Foundation within grant project "System Dynamics Theory And Market Structures", number GACR 402/05/0502.

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