Wow just wow. I am 23 years old and I am studying Industrial Engineering, I've clicked on this video because I am preparing myself for a test on thsi topic, and it just blow my mind how good of an explanation this porfessor gave, the proper expamples and expressions used. It is a really interesting topic that serves to explain virtually anything in this world. Thanks professor.
As a 22-year veteran of a nonprofit company that produces free products and services to the general public, this lesson was definitely enough of a prompt to hit the Subscribe button. Thanks! I've always enjoyed classes from professors who are at once knowledgeable, humble ("I can't teach you anything!"), and humorously self-effacing.
I wonder if complex growth figures for complex systems was touched. www.researchgate.net/publication/270817856_Imaginary_Interest_Rates_and_Complex_Net_Present_Value_Calculus_in_Energy_Economics An imaginary growth rate is basically describing a cycle, an oscillation. Cycles are sustainable, whereas exponential growth (real number) is not sustainable in a finite world.
"...all models are wrong, model is not the real system, only the reality is the reality.." This is gold. I remember a closely similar conclusion from an interview with David Bohm and many others, also with Krishnamurti.
Jeuel Alves See the Readings section of the course at ocw.mit.edu/courses/sloan-school-of-management/15-871-introduction-to-system-dynamics-fall-2013/readings/ for more papers on business dynamics. Hopefully this is what you are looking for.
I gotta get into MIT. BTW, most people aren't natural systems thinkers. They see a tiny part of the system and make a ton of assumptions based on their own biases, faulty beliefs, and past experience (this is a big one). It's interesting that he says models are always wrong. I think part of that is because you cannot accurately model 'reality.' But it is possible to perceive it as objectively as humanly possible (think metacognition, which means you can identify the limits of your own perception -- kind of paradoxical) and intuitively implement the most effective solution. Most exciting part about this, it goes far beyond business.
The full quote is "All models are wrong, but some models are useful". The challenge of course is to come up with a "useful" model (of whatever system one is trying to analyze).
@@RAJAT6555 I don't think you can say: "the more nonlinear it gets" because either it is linear or it is not linear. If it is linear then you can rather easily solve the dynamics and find a controller that keeps the system in a stable state. The small signal stability (=linearized around the working point) - and also large signal stabiliy are guaranteed and you avoid these overshoot and collapse scenarios or resonance catastrophies.
Are you looking for videos? They're unlikely to be online. But if you are looking for an introduction to the tools and techniques of SD, please check course number 15.871 and 15.872 on MIT OCW (ocw.mit.edu/courses/sloan-school-of-management/). These are the two courses that make up one semester of introductory System Dynamics at MIT. Hope that helps! Let me know if you have any more questions.
i think they are being really progressive just letting us view so many that we CAN see.. to be fair your wanting them to provide their services without paying them.. and they need to eat too
but yes it would be nice to be able to see every single lecture for free.. but their business model requires that we have to pay term fees as students just so they CAN create lectures etc.. the professors need paid.. do you work for free at all times? if so I've got some things i need you to do thanks
but yes it would be so good if in an ideal world we could get access to a paid course for free.. but they need money to get the camera, to switch on the lights, to eat.. etc
Only the introduction to the course was recorded. Any other course materials we do have, can be found on MIT OpenCourseWare at: ocw.mit.edu/15-871F13. Best wishes on your studies!
I was wondering why he was considering the book heavy and there were no exams, then I noticed this is business system dynamics and not engineering. It makes sense now
So there's tasty food, 2 inches from your face, you can smell it, you can feel its temperature and right when you're about to take a bite, the video ends and there are no more lectures. =)
It's mainly an issue of limited resources. We have a limited budget and people power to work on courses for MIT OpenCourseWare publication. We only select a limited number of courses to be fully recorded during any given semester. There are many variables on the priority: is it by a good professor who is retiring and it's the last lecture he's going to give? Is it a course in badly need of an update? Is it on a timely issue that would be good to publish on (e.g. pandemics). Etc. Etc.
MIT has funded MIT OpenCourseWare for tens of millions of dollars ($1.5 - 2 million a year for almost 20 years). Within that we have to make choices on what we can do. Video is some of the most expense content we can do. We can only provide full video for a limited number of courses. Keep in mind, MIT OpenCourseWare is not just a TH-cam channel. We have materials for over 2400 courses at ocw.mit.edu - textbooks, exams, lecture notes, problems sets, and more. If you want to fund the capture of a course, contact us through the feedback form. If you want donate to our mission, visit ocw.mit.edu and use the donate form.
I wish I had access to the full course. I'm a PhD student and all I ever came across in my university was reductionist approaches. Because of the subject I study the best methodology in my use case is systems dynamics. I'm really struggling to learn it because I can't find a well structured guide to take you through.
We don't have any more videos for this course but we do have some course materials. To see the materials visit MIT OpenCourseWare at: ocw.mit.edu/15-871F13. Best wishes on your studies!
@@mitocwhi it's not clear what the name of the book he referenced is.. could you put the title and author the video description please? any reading list for the course? also the Forrester Killian lecture where he was given an award, it ends at about 59 minutes but he was going to say more.. is there a transcript of the words he said that got missed by the video cutting short please? it was profound what he was saying and would be tragic if it is lost
I think the diagram early in the session is wrong (at 7 mins 47 or so) - the linear movement from 'identify problem' through a few stages to 'implement' should not be labeled 'open loop' . It is a closed loop. Is this right?
The course materials are available on MIT OpenCourseWare at: ocw.mit.edu/15-871F13. The introduction was the only video recorded for this course. Best wishes on your studies!
The required text is: Sterman, J. Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill / Irwin, 2000. ISBN: 9780072389159. (www.amazon.com/exec/obidos/ASIN/007238915X/ref=nosim/mitopencourse-20) See the course on MIT OpenCourseWare for more information and materials at ocw.mit.edu/15-871F13.
Sterman, J. Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill / Irwin, 2000. ISBN: 9780072389159. See ocw.mit.edu/15-871F13 for more info. Best wishes on your studies!
What do you mean by "some of pure mathematics"? Are you more interested in the modeling aspect? If so this is a good book - Analytical Methods For Dynamic Modelers by Rahmandad, Oliva and Osgood.
who could tutor me online for this class? "system thinking" by email or skype or any method. or simply explain in an email some of the things I don't understand? I am willing to pay whatever fits. (ssm.00 at hot mail)
If you are looking for an introduction to the tools and techniques of SD, please check course number 15.871 and 15.872 on MIT OCW (ocw.mit.edu/courses/sloan-school-of-management/). These are the two courses that make up one semester of introductory System Dynamics at MIT.
Elected 7 times BEST PROFESSOR by MIT Alumni
Wow just wow. I am 23 years old and I am studying Industrial Engineering, I've clicked on this video because I am preparing myself for a test on thsi topic, and it just blow my mind how good of an explanation this porfessor gave, the proper expamples and expressions used. It is a really interesting topic that serves to explain virtually anything in this world. Thanks professor.
As a 22-year veteran of a nonprofit company that produces free products and services to the general public, this lesson was definitely enough of a prompt to hit the Subscribe button. Thanks! I've always enjoyed classes from professors who are at once knowledgeable, humble ("I can't teach you anything!"), and humorously self-effacing.
System dynamics with John Stearman was one of the best courses I took in MIT.
What were the assignments like?
I wonder if complex growth figures for complex systems was touched. www.researchgate.net/publication/270817856_Imaginary_Interest_Rates_and_Complex_Net_Present_Value_Calculus_in_Energy_Economics An imaginary growth rate is basically describing a cycle, an oscillation. Cycles are sustainable, whereas exponential growth (real number) is not sustainable in a finite world.
"...all models are wrong, model is not the real system, only the reality is the reality.." This is gold. I remember a closely similar conclusion from an interview with David Bohm and many others, also with Krishnamurti.
You might like this one too: “All models are wrong; some models are useful” - Edwards Deming
Jeuel Alves See the Readings section of the course at ocw.mit.edu/courses/sloan-school-of-management/15-871-introduction-to-system-dynamics-fall-2013/readings/ for more papers on business dynamics. Hopefully this is what you are looking for.
MIT OpenCourseWare
how to see the full videos for this course?
Upload the videos please, that was an amazing introductory lesson. Ready to do everything to get the opportunity to follow these lessons in full !
+
th-cam.com/play/PLq1KSM-xRiy3tAfV06Er2hwx6BWQajwsL.html
what a class.. whan an introduction class.. what a professor!!! amazing!
I gotta get into MIT. BTW, most people aren't natural systems thinkers. They see a tiny part of the system and make a ton of assumptions based on their own biases, faulty beliefs, and past experience (this is a big one). It's interesting that he says models are always wrong. I think part of that is because you cannot accurately model 'reality.' But it is possible to perceive it as objectively as humanly possible (think metacognition, which means you can identify the limits of your own perception --
kind of paradoxical) and intuitively implement the most effective solution. Most exciting part about this, it goes far beyond business.
The full quote is "All models are wrong, but some models are useful". The challenge of course is to come up with a "useful" model (of whatever system one is trying to analyze).
@@RAJAT6555 I don't think you can say: "the more nonlinear it gets" because either it is linear or it is not linear. If it is linear then you can rather easily solve the dynamics and find a controller that keeps the system in a stable state. The small signal stability (=linearized around the working point) - and also large signal stabiliy are guaranteed and you avoid these overshoot and collapse scenarios or resonance catastrophies.
It is a pity there is no real Mooc or free online course to learn System Dynamics. It is still such a closed community.
There is Introduction to System Dynamics on MIT OCW
Do you have link. I can not find it anywhere by searching
Are you looking for videos? They're unlikely to be online. But if you are looking for an introduction to the tools and techniques of SD, please check course number 15.871 and 15.872 on MIT OCW (ocw.mit.edu/courses/sloan-school-of-management/). These are the two courses that make up one semester of introductory System Dynamics at MIT.
Hope that helps! Let me know if you have any more questions.
I would recomend www.complexityexplorer.org/courses , their courses are always good!
sepiatone93 thanks! The last week I knew about Vensim and I “felt in love”... believe me, I’ll enjoy that MIT courses about systems dynamics.
We need all lectures for this module, MIT ! ☺
Yes we do
i think they are being really progressive just letting us view so many that we CAN see.. to be fair your wanting them to provide their services without paying them.. and they need to eat too
but yes it would be nice to be able to see every single lecture for free.. but their business model requires that we have to pay term fees as students just so they CAN create lectures etc.. the professors need paid.. do you work for free at all times? if so I've got some things i need you to do thanks
but yes it would be so good if in an ideal world we could get access to a paid course for free..
but they need money to get the camera, to switch on the lights, to eat.. etc
The world would be a better place if has more professors like him.
And it would be even better if we could access the rest of the lecture videos.
@@farzanr.nobakht3022 I have tried and I could not find them anywhere.
His opening comments about teaching vs learning were music to my earsm
Excellent class by Professor J. Sterman!
Such an insightful lecture . Where r other lectures ? I need it badly
Only the introduction to the course was recorded. Any other course materials we do have, can be found on MIT OpenCourseWare at: ocw.mit.edu/15-871F13. Best wishes on your studies!
i want a teacher like him
Fascinating summary of system dynamics.
I really like this class, thanks for posting!
I would've loved this class.
Brilliant lecture.You are a good teacher but rare breed.
Thank you TH-cam if you are listening in from Kenya
This is a timely reminder and thought stimulator as to what the world is facing today.
I was wondering why he was considering the book heavy and there were no exams, then I noticed this is business system dynamics and not engineering.
It makes sense now
So there's tasty food, 2 inches from your face, you can smell it, you can feel its temperature and right when you're about to take a bite, the video ends and there are no more lectures. =)
could buy the book.. got to invest sometimes to get some things
16:26 The basic assumption seems to be the perfect counter-measure to the Pygmalion effect.
very good course....I need more cource specially for my research
I love the way you break complex systems down. Good stuff!
Learning is kinda heuristic process, going round in circles, a very short version said in this video better known as Kuhn Cycle and its a picture.
Alright, professor, I'm hooked. Off to the MIT page 🙂
do they have all the lectures??
Count Dooku started teaching at MIT
understandable & interesting lecture.
I bought the textbook after reading it referenced in a different book. I've read most of it.
Hi, whats the name or title of the book?
Well ,system dynamic issue is very important for decision makers anytime , this presentation was very useful for me.
I want to know is there any connection between system dynamics and data science ?
Clearly discussed
Wonderful intro
How many people who are listening to this lecture and expect that their BOSSES, for once...just once for god sake, listen to what prof Sterman said???
Where is the rest of the lectures?
I wish I could bop around such guys more in my life! wait a second! no excuses... lets DO IT.... !!!! 10000%%%%%
I wish I would have seen systems and automation with him :o
Where are the other video sessions of this good course?
No other videos were recorded for this course. Only the course introduction was recorded.
@@mitocw Why you did not record all his session? Can you make it again? His teaching quality is awesome. Maybe put it on edx.
It's mainly an issue of limited resources. We have a limited budget and people power to work on courses for MIT OpenCourseWare publication. We only select a limited number of courses to be fully recorded during any given semester. There are many variables on the priority: is it by a good professor who is retiring and it's the last lecture he's going to give? Is it a course in badly need of an update? Is it on a timely issue that would be good to publish on (e.g. pandemics). Etc. Etc.
@@mitocw You are the richest university in the world. You have ressources.
MIT has funded MIT OpenCourseWare for tens of millions of dollars ($1.5 - 2 million a year for almost 20 years). Within that we have to make choices on what we can do. Video is some of the most expense content we can do. We can only provide full video for a limited number of courses. Keep in mind, MIT OpenCourseWare is not just a TH-cam channel. We have materials for over 2400 courses at ocw.mit.edu - textbooks, exams, lecture notes, problems sets, and more. If you want to fund the capture of a course, contact us through the feedback form. If you want donate to our mission, visit ocw.mit.edu and use the donate form.
I wish I had access to the full course. I'm a PhD student and all I ever came across in my university was reductionist approaches. Because of the subject I study the best methodology in my use case is systems dynamics. I'm really struggling to learn it because I can't find a well structured guide to take you through.
We don't have any more videos for this course but we do have some course materials. To see the materials visit MIT OpenCourseWare at: ocw.mit.edu/15-871F13. Best wishes on your studies!
@@mitocw thank you very much. I've already looked it up and the assignments will help me practice.
@@mitocwhi it's not clear what the name of the book he referenced is.. could you put the title and author the video description please?
any reading list for the course?
also the Forrester Killian lecture where he was given an award, it ends at about 59 minutes but he was going to say more.. is there a transcript of the words he said that got missed by the video cutting short please? it was profound what he was saying and would be tragic if it is lost
It felt more like coming to a motivational session 😄
I think the diagram early in the session is wrong (at 7 mins 47 or so) - the linear movement from 'identify problem' through a few stages to 'implement' should not be labeled 'open loop' . It is a closed loop. Is this right?
That's the point he is making I think, it's an open loop considering that there is no iteration to it
brilliant. I love it so much
Teacher,
What papers can I associate with the study of the book about business dynamics?
Google Scholar might be able to help
13:25 it really bothers me there are 2 different types of quotes in this image
Carter Cole that's an interesting observation 😆
sucha great lecture
What’s the name of the book
Starts 2:46
course book title?
So where's the course..?
The course materials are available on MIT OpenCourseWare at: ocw.mit.edu/15-871F13. The introduction was the only video recorded for this course. Best wishes on your studies!
could you help me to get , author and Title (That the teacher has mentioned) the white one. please.
The required text is: Sterman, J. Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill / Irwin, 2000. ISBN: 9780072389159. (www.amazon.com/exec/obidos/ASIN/007238915X/ref=nosim/mitopencourse-20) See the course on MIT OpenCourseWare for more information and materials at ocw.mit.edu/15-871F13.
And it is posible to get the Syllabus to the lectures order and recommendations?
cool idea for a class
is this like a general intro to system dynamics course or is it related to engineering college?
Which is the name of the textbook?
Sterman, J. Business Dynamics: Systems Thinking and Modeling for a Complex World. McGraw-Hill / Irwin, 2000. ISBN: 9780072389159. See ocw.mit.edu/15-871F13 for more info. Best wishes on your studies!
So this is system dynamics for business? I'm trying to find some of pure mathematics
What do you mean by "some of pure mathematics"? Are you more interested in the modeling aspect? If so this is a good book - Analytical Methods For Dynamic Modelers by Rahmandad, Oliva and Osgood.
wow thanks a lot!
When's the next lecture ?
id guess there isn't one
i still couldn't find the playlist it belongs @@brandomiranda6703
I like that Guy. He should be a preacher!
Okay but one fourth of the lecture is just the prof tryna scare and talk down his pupils, could have easily edited that out
You're so whiny
i didn't understand much but thank you
So I guess I am getting MIT education straight from my garage. Thanks ARPA ((Pun intended))
i think i just died and went to heaven
Everyone please contribute insights from this course to Wikipedia pages, thanks everyone
How i wish the book were translated to spanish... Its dificult for me understand it on english
who could tutor me online for this class? "system thinking" by email or skype or any method. or simply explain in an email some of the things I don't understand? I am willing to pay whatever fits. (ssm.00 at hot mail)
If you are looking for an introduction to the tools and techniques of SD, please check course number 15.871 and 15.872 on MIT OCW (ocw.mit.edu/courses/sloan-school-of-management/). These are the two courses that make up one semester of introductory System Dynamics at MIT.
sir
u r lectures are excellent -- How ever u r lectures r long -- pls make smaller modules
thanking u sir
amarjeet advocate delhi high court india
Are you kidding?
No very good
Starts 2:44