System Dynamics Modeling—Now Available with the Business Simulation Library
Explore the contents of this article with a free Wolfram System Modeler trial. System dynamics (SD) is a very powerful and flexible modeling paradigm, ideally suited to tackle strategic business, economics and public policy issues. Some years ago, Guido Wolf Reichert, management consultant and developer for BSL Management Support, Germany, stumbled into problems while modeling the public transport system in a German metropolis. He had reached the technical limits of the established SD software. While looking for alternatives, he discovered Wolfram System Modeler.