An eigenvalue analysis for the evaluation of policy parameters in a system dynamics model

Pratap K.J. Mohapatra and Sushil K. Sharma

Mathematics and Computers in Simulation (MATCOM), 1986, vol. 28, issue 3, 189-208

Abstract: This paper utilizes the eigenvalue analysis in identifying model parameters and selecting their appropriate values to obtain a stable system response in the production-stock problem of Coyle. The model is first assumed to be in steady-state equilibrium. This obviates the need for the delays in physical flows and the smoothing levels in the information flows, and helps in converting an eight-order model into a second-order model. Applying the eigenvalue analysis to select appropriate parameter values, it is shown that the initial policy set, which was rejected by Coyle because it produced undesirable, explosive oscillations, can result in extremely good model behaviour. The model behaviour so obtained has been found to be superior even to that obtained with the final policy of Coyle.

Date: 1986
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0378475486900261
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:28:y:1986:i:3:p:189-208

DOI: 10.1016/0378-4754(86)90026-1

Access Statistics for this article

Mathematics and Computers in Simulation (MATCOM) is currently edited by Robert Beauwens

More articles in Mathematics and Computers in Simulation (MATCOM) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().