System Dynamics Simulator of Inventory Management as a Learning Tool to Improve Undergraduate's Decision Making

摘要

This paper presents a model development of inventory management for undergraduate business student. The model was developed based on system dynamics methodology in order to simulate different scenarios in managing an inventory level in an organization and to measure the effectiveness of their decisions. It depicts variables, their relationships and feedback loops in a computer software as an interactive learning tools to support the students in their decision making process, and to allow them to explore the effect of their decisions.