Abstract
Traditional system dynamics models are subject to error in the estimation of performance measures because of the method of calculation over discrete time intervals. It is shown that such errors may be significantly reduced by dividing the computation between two runs with different solution intervals and applying Richardson's extrapolation method. Examples are given for a variety of different published models and performance measures.
| Original language | English |
|---|---|
| Pages (from-to) | 85-94 |
| Number of pages | 10 |
| Journal | System Dynamics Review |
| Volume | 14 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Mar 1998 |
ASJC Scopus subject areas
- Management of Technology and Innovation
- Strategy and Management
- Social Sciences (miscellaneous)