Search results for "system dynamic"
showing 10 items of 256 documents
Impact of COVID-19 on the travel and tourism industry.
2021
Abstract Our paper is among the first to measure the potential effects of the COVID-19 pandemic on the tourism industry. Using panel structural vector auto-regression (PSVAR) (Pedroni, 2013) on data from 1995 to 2019 in 185 countries and system dynamic modeling (real-time data parameters connected to COVID-19), we estimate the impact of the pandemic crisis on the tourism industry worldwide. Past pandemic crises operated mostly through idiosyncratic shocks' channels, exposing domestic tourism sectors to large adverse shocks. Once domestic shocks perished (zero infection cases), inbound arrivals revived immediately. The COVID-19 pandemic, however, is different; and recovery of the tourism ind…
Operational and financial effectiveness of e-collaboration tools in supply chain integration
2004
This paper develops a comprehensive model of supply chain integration and uses it to analyze and assess the operational and financial effectiveness of different e-collaboration tools at various levels of supply chain integration. This model is also used to evaluate the importance of the sequence in which e-collaboration tools are adopted in supply chain integration. Computational results from a validated system dynamics simulation model with different implementation sequences of e-collaboration tools and different financial scenarios show that local financial constraints can also severely impact operational and financial performance of the entire supply chain. (C) 2003 Elsevier B.V. All rig…
Crowdsourcing as a mode of open innovation: Exploring drivers of success of a multisided platform through system dynamics modelling
2020
This article aims to explore drivers of success of a crowdsourcing platform. The study conceptualizes crowdsourcing as a mode of open innovation and places such a concept within the context of the sharing economy. Upon this framework, the paper analyses the case of InnoCentive, a successful crowdsourcing platform where innovation-driven organizations search for solutions to their R&D tasks. The system dynamics model frames main InnoCentive business processes and offers a causal perspective on the relationships between platform performance—in terms of users base—and resources structure. The discussion on simulation outputs is carried out through a dynamic performance management view of p…
Multiscale Granger causality
2017
In the study of complex physical and biological systems represented by multivariate stochastic processes, an issue of great relevance is the description of the system dynamics spanning multiple temporal scales. While methods to assess the dynamic complexity of individual processes at different time scales are well-established, multiscale analysis of directed interactions has never been formalized theoretically, and empirical evaluations are complicated by practical issues such as filtering and downsampling. Here we extend the very popular measure of Granger causality (GC), a prominent tool for assessing directed lagged interactions between joint processes, to quantify information transfer a…
Modeling and design of Net ZEBs as integrated energy systems
2015
Net-zero energy buildings (Net ZEBs) are emerging as a quantifiable design concept and a promising solution to minimizing the environmental impact of buildings. This is the main concept that is focused on this chapter with emphasis on dynamic modeling and examples of technological approaches to achieve net-zero energy. Appropriate modeling of building-integrated solar energy systems is essential for the design of Net ZEBs and the study of optimal control strategies. The net-zero energy balance may be achieved through a combination of passive and active solar technologies, heat pumps, combined heat and power, and energy efficiency measures to reduce energy consumption for lighting and applia…
Demand and Supply Model for the Natural Gas Supply Chain in Colombia
2018
Natural gas is considered the transitional fuel for excellence between fossil and renewable sources, considering its low cost, greater efficiency and lesser effects on the environment. This has led to increased demand levels worldwide, requiring the intervention of public and private actors to meet such demand. In this research, we study the natural gas supply chain in Colombia using system dynamics modelling. The results allow to contrast both the behaviour of the production and transport levels and the behaviour of the demand from the consumption sectors, allowing to identify capacity levels to be developed considering implementation times and percentages of coverage in the supply.
Building Long-Term Manufacturer-Retailer Relationships through Strategic Human Resource Management Policies: A System Dynamics Approach
2007
This paper is the result of a research project conducted by the authors with a manufacturer operating in the high-tech industry. It is based on the hypotheses that in order to successfully support retail stores, a manufacturer has to design policies based on Human Resources Management (HRM) practices aimed to increase retailers employees’ sales effectiveness, and external-oriented policies to foster potential customers’ acceptance of company product benefits. In order to support decision makers to explore alternative scenarios and to foster managerial learning on how to build strong and long term successfully manufacturer-retail outlets relationships, a System Dynamics model has been built.…
Enhancing the Collaborative Governance in Post-disaster Reconstruction: A Dynamic Performance Management Approach
2020
The impact of natural disasters on human life was blatantly demonstrated through media reports of recent events such as the Ache tsunami in 2004, Hurricane Katrina in 2005, the Wenchuan Earthquake in 2008 and Tohoku Earthquake and Tsunami in 2010-2011. Rising from the rubbles, our societies strive to learn from the experiences of how to build a better life and avoid future catastrophes. Post-disaster reconstruction (PDR) plays a crucial role in providing a safer and more resilient living environment for people, particularly for those disaster victims. This thesis focused on how implementing a collaborative governance approach in post-disaster reconstruction can offer effective solutions to …
Business model scaling and growth hacking in digital entrepreneurship
2023
Creating an innovative product and validating an innovative business model may not be enough for digital startups to be competitive. To grow fast and expand globally, digital startups need to innovate their business model during the scaling phase. A pragmatic approach has recently been proposed to support digital entrepreneurs engaging in business-model innovation during the scaling phase (i.e., business-model scaling), a strategy known as growth hacking. However, we know little about its theoretical grounding and how effective growth hacking is, as businesses lack methodologies to assess its effectiveness before committing resources and investments. To fill this gap, we developed a method …
Unintended Effects of Energy Efficiency Policy: Lessons Learned in the Residential Sector
2021
The European Union has set an ambitious goal to tackle climate change, and energy efficiency in the residential sector is among the measures required to close the gap between targeted and actual greenhouse gas emissions. While different policy tools have been applied, the diffusion rate of these measures remains low. A system dynamics simulation model of the residential sector was developed to assess the advantages and drawbacks of energy efficiency policy in the multi-family building sector based on experience accumulated over the last twelve years in Latvia. The model was validated in expert group model building sessions and with historical trends. Simulating the model, a hypothesis was t…