Strategic Modelling and Business Dynamics. Morecroft John D.
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Modelling can be controversial.
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Clover describes the poignant scene at Lowestoft in recent years: the unrepaired doorways and shabby 1930s office buildings on the seafront, symbols of economic collapse. This town was once among England's greatest fishing ports, famous the world over, with a history spanning 600 years.
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The diagram was created in the popular iThink language (isee systems, 2014). The symbols are pretty much standard for all system dynamics models, though there are differences of detail between the main alternative modelling software packages. Here, in Chapter 1, I briefly explain each symbol when I first refer to it in the text. Later, in Chapter 3, there is a more formal introduction to modelling symbols and equations, with a fully documented example.
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Interestingly, some people dispute the existence of this circularity. They argue that the number of juveniles reaching fishable size each year has nothing to do with the number of parents in the sea because fish such as cod can produce upwards of seven million eggs in a season – most of which perish due to predation and environmental factors. However, the number of fish eggs is certainly related to the population of fish.