Overview
Designed for experienced modelers or those who have already participated in our
introductory course, this workshop has been created with the following goals in
mind:
- Building practical skills in the application of dynamic modeling to real-world
business issues
- Developing expertise with advanced features of STELLA and iThink
- Making significant progress on individual or group projects
This two-day workshop is case-based, focused, and very hands-on. Faculty
will use a wide variety of case studies as vehicles for addressing key dynamic
modeling topics and advanced software functionality. Participants will have ample time to work on projects of their own choosing, with
instructors available for conceptualization, implementation and/or technical
assistance.
Extend your
dynamic modeling skills and take your knowledge to the next level with
this exciting new training offering.
Cases, Dynamic
Modeling Themes and Key Software Topics
| Case Study |
Themes |
Software Topics
|
| Price & Inventory Dynamics |
- Feedback loops
- Oscillation
|
- Graphical functions
- Importing data
- Integration methods
- Units of measure
|
| Supply Chains |
- Ordering decision rules
- Bullwhip effect
|
- Random functions
- Comparative graphs & tables
|
| Bass Diffusion & Adoption Dynamics |
- Influence mechanisms
- Initial purchase vs. repurchase
- Supply constraints
|
- Sensitivity analysis
- Monte Carlo simulations
- Interface creation
|
| Customer Acquisition & Retention |
- Customer lifetime value
- Acquisition costs
- Financial scorekeeping
|
- Extreme condition tests (pulse & step functions)
- Arrayed variables
|
| Process Dynamics & Manufacturing |
- Capacity
- Bottlenecks
- Resource allocation
- Discrete vs. continuous modeling
|
- Conveyors
- Queues
- Ovens
- Ordered delays
- DT
|
| Human Resources |
- Steady–state equilibrium
- Co-flow attribute tracking
|
- Analytic initialization
- Output options
- Exporting data
|
|
About the
Faculty
Intermediate
Dynamic Modeling with STELLA and iThink is taught by three of the premier minds in systems dynamics and modeling:
Mark Paich, Steve Peterson and
Corey
Peck
. Together they bring over 60 years of teaching and
practical experience to class. Examples from real engagements with clients
in automotive, telecommunications, technology, financial services,
pharmaceuticals, government, aerospace, education, not for profit, and
fine arts markets help guide discussions.
Mark,
Steve and Corey are principals at Lexidyne, LLC,
a leading provider of dynamic modeling consulting and training services.
Mark
Paich has over 20
years of teaching experience at
Colorado
College
and MIT. He is widely
recognized as one of the leading practitioners of dynamic modeling. His
work with General Motors has been widely published and, in 2002, was
honored with 2nd place in the Edelman Competition for best work in
operations research and management science. He earned a doctorate in
Systems Dynamics from MIT and master’s degree in economics from the
University of Colorado.
Steve
Peterson has taught
countless dynamic modeling classes and workshops. Much of his 20+ years of
dynamic modeling experience was gained at High Performance Systems where
he was instrumental in the design and development of STELLA and iThink. In addition to numerous clients in
industry, Steve’s clients include the US Army, US Coast Guard, and US
Department of Energy. Steve holds a BA from
Colorado
College
and master’s degree from the Thayer
School of Engineering at
Dartmouth College.
Corey
Peck
is the
Managing Director of Lexidyne, LLC. He has
guided Lexidyne to a position of market
leadership in the pharmaceutical industry where clients include
Bristol-Myers Squibb and Centocor. His work has
provided the content for research publications including Net Gain: Expanding Markets Through Virtual
Communities (Harvard Business School Press, 1997) and Net Worth (Harvard
Business School Press, 1999). With Mark Paich he co-authored Pharmaceutical Product Strategy: Using
Dynamic Modeling for Effective Brand Planning (CRC Press,
2004). Corey earned a BA in economics from Colorado College.
|
