Optimization Techniques Applied to the Forrester Model of the World
- 1 March 1974
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Systems, Man, and Cybernetics
- Vol. SMC-4 (2) , 164-171
- https://doi.org/10.1109/TSMC.1974.5409110
Abstract
This paper presents two methods for optimizing system dynamics models of social systems, using the Forrester world model as the vehicle of demonstration. Specifically, the extensions necessary to apply 1) parameter optimization techniques and 2) the variational calculus are discussed together with resultant implications for the behavior of the world model. It is proposed that such analytical techniques generate additional objective information and insights regarding model behavior and hence may contribute to subjective deliberations regarding model validity and utility.Keywords
This publication has 3 references indexed in Scilit:
- Parameters of Technological GrowthScience, 1973
- World Dynamics: A NoteScience, 1972
- An efficient method for finding the minimum of a function of several variables without calculating derivativesThe Computer Journal, 1964