2013 Reprint of 1961 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This work has been cited as one of the most seminal works of the era. Forrester outlines industrial dynamics as an experimental, quantitative philosophy for designing corporate structure and policies that are compatible with an organization's growth and stability objectives. Forrester believes that management systems possess an orderly and identifiable framework that determines the character of industrial and economic behavior. In this volume, he presents for the first time a methodology for detecting and exhibiting this structure for study.
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actual system adjustment advertising amplification amplitude average sales backlog BLTF changes characteristics CINF component constant curve customer order decision functions delivery delay descriptive knowledge dimensionless discussed distributor disturbance dynamic model economic effect employment equa example exponential delay exponential smoothing Factory units Factory units/week Factory weeks filled from inventory flow rates fluctuation forecast fraction frequency industrial dynamics inflow information-feedback systems initial value interactions inven Inventory at Factory labor managerial mathematical model ment noise nomic nonlinear normal operation ordering rate orders at Factory output parameters peak period pipeline policies production rate purchase random rate equations real system Received at Factory relationships represent response retail sales sales rate Section sector servomechanisms sinusoidal Sloan Fellow SMOF smoothing solution interval specific steady-state step input structure system behavior system dynamics tion tory unfilled orders variables ventory