Business Dynamics

Business Dynamics

type:	Vorlesung (V)	links:	weitere Informationen
semester:	WS 17/18
time:	2017-12-15 08:00 - 17:15 täglich 20.20 RZ Raum 167 20.20 Kollegiengebäude am Zirkel, Teil 1 weitere... 2017-12-16 08:00 - 17:15 täglich 20.20 RZ Raum 167 20.20 Kollegiengebäude am Zirkel, Teil 1 2018-01-19 08:00 - 17:15 täglich 20.20 RZ Raum 167 20.20 Kollegiengebäude am Zirkel, Teil 1 2018-01-20 08:00 - 17:15 täglich 20.20 RZ Raum 167 20.20 Kollegiengebäude am Zirkel, Teil 1
lecturer:	Dr Paul Glenn Prof. Dr. Andreas Geyer-Schulz
sws:	2
lv-no.:	<a target="lvn" href="https://campus.studium.kit.edu/events/ua3PsakaRQioRaVs_yOBBg">2540531</a>

Bibliography	John D. Sterman. Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill, 2000.
Content of teaching	Corporate growth, the diffusion of new technologies, business processes, project management, product development, service quality management – all these are examples for application areas of business dynamics. They all are dynamic systems that are characterized by feedback loops between many different variables. By means of the tools of business dynamics such systems can be modelled. Simulations of complex systems allow the analysis, the goal centered design, as well as the optimization of markets, business processes, policies, and organizations.
Annotation	The course is generally held as block course.
Workload	The total workload for this course is approximately 135 hours (4.5 credits): Time of attendance Attending the lecture: 15 x 90min = 22h 30m Attending the exercise classes: 7 x 90min = 10h 30m Examination: 1h 00m Self-study Preparation and wrap-up of the lecture: 15 x 180min = 45h 00m Preparing the exercises: 25h 00m Preparation of the examination: 31h 00m Sum: 135h 00m
Aim	Students aquire the system thinking worldview for economics utilize different methods and tools to map the structure of complex economic systems are able to relate dynamic effects to these structures learn how to simulate systems within the computer for testing purposes use simulation results to improve models can independently as well as in teams model, analyze, and optimize business processes and applications know how to offer business dynamics as a consulting service and work together with client teams
Exam description	Assessment consists of a written exam of 1 hour length following §4 (2), 1 of the examination regulation and by submitting written papers as part of the exercise following §4 (2), 3 of the examination regulation. The course is considered successfully taken, if at least 50 out of 100 points are acquired in the written exam. In this case, all additional points (up to 10) from excersise work will be added. Grade: Minimum points 1,0: 95 1,3: 90 1,7: 85 2,0: 80 2,3: 75 2,7: 70 3,0: 65 3,3: 60 3,7: 55 4,0: 50 5,0: 0 The grade consists of approximately 91% of exam points and 9% of exercise points.