Influences and Connections Between System Dynamics and Decision Analysis

@inproceedings{McNaught2003InfluencesAC,
  title={Influences and Connections Between System Dynamics and Decision Analysis},
  author={Ken R. McNaught},
  year={2003}
}
System Dynamics and Decision Analysis have much in common, but usually address different problem situations. Nonetheless, there appears to be scope for some cross-fertilization of ideas. After briefly considering what the two fields have in common, we then address their differences. Firstly, the two fields emphasise different aspects of a problem situation, leading to models with a different focus. Secondly, the representation of time is quite different. The meaning and representation of… CONTINUE READING