Model-supported case studies for management education

Article Abstract:

Computer simulation models combined with conventional case studies can enhance management education by providing students with learning environments that allow maximum creativity and analysis. These model-supported case studies use simulation methods to create a framework within which complex business situations and management decision making structures can be conceptualized. Participants are, thus, not limited to analyzing a given case but can, instead, test their hypotheses for alternative actions. Effective implementation, however, will require better collaboration between universities and business enterprises.

Innovations, Management, Study and teaching, Simulation methods, Simulation, Case method, Case teaching method

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Complex behaviour in a production-distribution model

Article Abstract:

The cascaded structure of a production-distribution chain can result in a broad array of diverse dynamic behaviors. When simulated with realistic parameter values, the model can reveal stationary periodic, quasiperiodic including chaotic and hyperchaotic motions. Lyapunov exponents are employed to characterize the various kinds of behavior. Repeated simulation indicates how the profile of operating cost is linked to the modes of behavior and to the conditions that generate chaos.

Decision-making, Models, Decision making, Production management, Distribution of goods, Distribution (Commerce), Chaos theory, Chaotic systems

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