Dynamic Modeling for Business Management An Introduction

Modelling is a tool used by savvy business managers to understand the processes of their business and to estimate the impact of changes. Dynamic Modelling for Business Management applies dynamic modelling to business management, using accessible modelling techniques that are demonstrated starting with fundamental processes and advancing to more complex business models. Discussions of modelling emphasize its practical use for decision making and implementing change for measurable results. Readers will learn about both manufacturing and service-oriented business processes using hands-on lessons. Then will then be able to manipulate additional models to try out their knowledge and address issues specific to their own businesses and interests. Some of the topics covered include workflow management, supply-chain-management, and strategy.

to Dynamic Modeling.- Modeling of Dynamic Business Systems.- Measuring Process Performance.- Single-Step Processes.- Multistep Serial Workflow Processes.- Multistep Parallel Workflow Processes.- The Supplier Interface: Managing Risk.- The Customer Interface.- The Tradeoffs Among Quality, Speed, and Cost.- Modeling Supply Chains.- The Dynamics of Management Strategy.- Modeling Improvement Processes.