IE 602 Dynamic Systems Modeling and Analysis

The philosophy and fundamental concepts of systems theory, various mathematical and quasi-mathematical techniques for dynamic feedback modeling and analysis. Notions of equilibrium, stability and major types of non-linear dynamics; shift of loop dominance, path-dependence, limit cycles, multiple periods, bifurcations. Examples from socio-economic, managerial and other living systems. Suitable simulation/modeling software, spesifically for large-scale non-linear models. Student term project.