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Project Management

The document presents Vensim, a software tool for system dynamics analysis, highlighting its capabilities in building, simulating, and analyzing dynamic systems. It covers essential concepts such as feedback loops, stocks and flows, and provides a step-by-step guide for modeling and sensitivity analysis. Vensim is applicable in various fields including business, healthcare, and urban planning.

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jhansisahoo2004
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9 views11 pages

Project Management

The document presents Vensim, a software tool for system dynamics analysis, highlighting its capabilities in building, simulating, and analyzing dynamic systems. It covers essential concepts such as feedback loops, stocks and flows, and provides a step-by-step guide for modeling and sensitivity analysis. Vensim is applicable in various fields including business, healthcare, and urban planning.

Uploaded by

jhansisahoo2004
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PROJECT MANAGEMENT

Vensim - for system dynamics and analysis

Presented by

• Jhansi Sahoo
• 2202090059
• Mechanical Engineering

Guided by - Ms. Kirtisuta Bhoi [Asst. Professor]


Table of contents

Vensim: A Powerful Tool for System Dynamics Analysis

Understanding Complex Systems

Introduction to Vensim

Building a System Dynamics Model

Simulating and Analyzing Models

Sensitivity Analysis and Scenario Planning

Real-World Applications

Vensim for Dynamic Systems

THANK YOU
Vensim: A Powerful Tool for
System Dynamics Analysis
System dynamics helps to understand complex systems and
predict behavior. Vensim is a software for building, simulating,
and analyzing system dynamics models. It has use cases in
business, healthcare, urban planning, and environmental science.
Understanding Complex Systems
System Dynamics Core Concepts

A methodology for understanding dynamic behavior of • Reinforcing loops


complex systems. • Balancing loops

Feedback loops drive system behavior. Stocks • Stocks and flows


accumulate or deplete based on flows. • Delays
Introduction to Vensim
Overview
Vensim is a visual modeling tool for dynamic systems.

Key Features
• Intuitive interface
• Equation editor
• Simulation engine
• Analysis tools
Building a System Dynamics Model
Define the Problem 1
Clearly state the problem you want to address.

2 Draw a Causal Loop Diagram


Map out the feedback loops in the system.

Create a Stock and Flow Diagram 3


Convert the CLD into a stock and flow diagram.

4 Define Equations
Write equations for each variable in the model.

Run Simulation 5
Simulate the model and observe the results.
Simulating and
Analyzing Models
Simulation Model Sensitivity
Settings Validation Analysis
Define time Compare Test the
horizon, time simulation model's
step, and results with sensitivity to
integration real-world parameter
method. data. changes.

Extreme
Testing
Test how the
model behaves
under extreme
conditions.
Sensitivity Analysis and Scenario Planning
Parameter Variation
Vary parameters to identify significant impacts.

Tornado Diagrams
Visualize the sensitivity of output to parameters.

Define Scenarios
Create different scenarios with varying assumptions.

Simulate Scenarios
Run the model under each scenario.

Compare Results
Assess risk and opportunities.
Real-World Applications
Supply Chain Healthcare
Management
Disease modeling and
Inventory optimization and resource allocation.
bullwhip effect mitigation.

Urban Planning
Traffic congestion and population growth analysis.
Vensim for Dynamic Systems
Powerful Tool
1 For understanding and managing complex systems.

System Dynamics
2 For effective decision-making.

Wide Range
3 Applications across industries.
THANK YOU

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