Parameter estimation and equation formulation in Business Dynamics

Marc Drobek, Wasif Gilani, Danielle Soban

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

3 Citations (Scopus)


System Dynamics enables modelling and simulation of highly non-linear feedback systems to predict future system behaviour. Parameter estimation and equation formulation are techniques in System Dynamics, used to retrieve the values of parameters or the equations for ?ows and/or variables. These techniques are crucial for the annotations and thereafter the simulation. This paper critically examines existing and well established approaches in parameter estimation and equation formulation along with their limitations, identifying performance gaps as well as providing directions for potential future research.
Original languageEnglish
Title of host publication Proceedings of Third International Symposium on Business Modeling and Software Design
Publication statusPublished - 2013


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