Naslov
System Dynamics Approach to Teaching Supply and Demand: Preliminary Research

Autori
Pejić Bach, Mirjana ; Zoroja, Jovana ; Vrankić, Ilko

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
World Academy of Science, Engineering and Technology ; International Science Index / Federico, Cinzia ; Dannon, Pinhas ; Glauber, Daniel - Barcelona : World Academy of Science, Engineering and Technology (WASET), 2016, 803-808

Skup
ICITMC 2016: 18th International Conference on Information Technology, Modeling and Computing

Mjesto i datum
Barcelona, Španjolska, 15.02.2016. - 16.02.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
demand; supply; system dynamics; modelling

Sažetak
System dynamics models are used to explain dynamic and complex systems and their behaviour in different fields. We suggested usage of system dynamics methodology for the purpose of teaching relation between demand and supply, which is one of the main subjects in economic literature. Three experiments, with increase in inventory, inventory desired coverage and price change delay, have been conducted and presented. Students exposed to the supply and demand teaching using the S-D curves model, and students exposed to the system dynamics model of supply and demand system were compared according to their perceived understanding of the future supply and demand behaviour.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA