Challenges face by decision-makers when predicting a future situation

Though our class discussion for this week is focusing on the challenges that decision-makers encounter regarding predicting a future situation, yet Janssen and Wimmer (2015) suggested utilizing systems dynamics (SD) and other systems as a modeling method and for a simulation that experts can use as a tool for simplifying a complex subject. Additionally, the authors stated that the advantages of SD are accumulation effects and feedback. After studying chapter 5 and 6, could you indicate some of the advantages and disadvantages of SD?

Sample Solution