• Korean System Dynamics Review
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• v.6 no.2
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• pp.37-52
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• 2005

Conflict resolution in decision-making groups is studied using a System Dynamics model. The model is developed using a grounded-theory approach. Some preliminary results are shown. The results seem to be in line with much empirical research done in the management literature about conflict and conflict resolution at the group level of analysis. Ideas for further research are discussed.

• Korean System Dynamics Review
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• v.14 no.1
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• pp.89-104
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• 2013

This study aims to explore the potentials of System Dynamics as a tool to understand the community welfare practice by paying attention to the strengths of System Dynamics to complement the weaknesses of the theories and studies of the community welfare practice. The contents of this study are as follows. First, it draws the limitations of its theories and studies by reviewing the literatures related. Second, it outlines the characteristics of the community welfare practice process as well as the strengths of System Dynamics as a tool to understand the community welfare practice. Third, it presents a causal loop model of System Dynamics applied to the community welfare practice process. Lastly, it concludes with the suggestions and implications of the key research findings. This study is expected to be a basic study to highlight the potentials of System Dynamics as a tool to understand the community welfare practice.

• Korean System Dynamics Review
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• v.3 no.1
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• pp.131-163
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• 2002

This study examines the effect that the prepaid trust has in saving the troubled business. Developing a formal system dynamics model, building on case studies of corporate turnaround, we developed a mathematical model on the relationship between the prepaid trust and corporate turnaround. The Model shows how the prepaid trust can shift an organizational system from fragile condition to resilient condition of a firm. This study elaborartes a new set of conditions under which organizations may turn around via prepaid trust of stakeholders.

• Korean System Dynamics Review
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• v.6 no.2
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• pp.95-116
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• 2005

The purpose of this study is to analyze the structure of renewable energy market in order to deploy more renewable energy in Korea on the basis of information asymmetry between suppliers and demanders. To attain this purpose we develop the model to analyze and simulate the renewable market using system dynamics. This model is developed not to forecast the accurate size of market but to learn more structure of market using our limited data, mental model and knowledge of market.

• Korean System Dynamics Review
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• v.11 no.4
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• pp.5-23
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• 2010

The competition between hospitals has become an issue for many hospitals because of the sudden increased number of health providers. As the marketing or customer management have become important factors as means of competition, a number of hospital have been considered or already adopted the coordination system. A system dynamics model is developed to see the effect of the hospital coordination system. This paper after briefly explaining the structure of the system dynamics model, discusses the roles of the hospital coordination system with examples. The system dynamics model quantifies through simulations the process of effects of coordination system on the number of customers, productivities of employees (nurses and doctors), and finally the financial status. As a conclusions of the simulations and their analysis, it is concluded that coordination system could be more effective than the investment to the facilities. Since the study is based on only one hospital case, it is limited. However, it explains the mechanism of the coordination system quantitatively as well as qualitatively.

• Korean System Dynamics Review
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• v.7 no.1
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• pp.27-49
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• 2006

A system dynamics model is developed to investigate the applicability of the agent based modeling concept in the system dynamics model. The assumed problem is to forecast the size and structure of the organization with the developing market environment. The agent based modeling concept is applied to the organization part, and the other parts of the model such as market, facilities, etc. are developed with the traditional system dynamics technique. The simulation results show the agent based modeling part can be combined with the traditional system dynamics modeling with more precisions. However, the complexity increases and the simulation times are longer than those of the traditional method.

• Korean System Dynamics Review
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• v.7 no.1
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• pp.213-228
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• 2006

This paper reports the results of a study designed to understand and facilitate disaster mitigation for communities located in low frequency/high magnitude earthquake zones. The study is based on a small town located near the New Madrid Fault Zone and is therefore at significant earthquake risk. A system dynamics model describes the variables and policies governing the distribution of building safety over time. Data from this town is used to establish a 25-year baseline. Simulations are run to demonstrate the consequences of different building policies.

• Korean System Dynamics Review
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• v.1 no.1
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• pp.57-79
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• 2000

Most model constructs in organization studies are descriptive in nature, and the conclusions relating to the model behavior over time are speculative. The usefulness of System Dynamics as a methodology for modeling and testing dynamic behavioral hypotheses in organizational behavioral studies is presented, and how to construct a System Dynamics model using simulation software(VENSIM) is shown, The well-know March and Simon motivation model is used to demonstrate the step by step application of System Dynamics to model of this type. The dynamic behavior of the model, both transient and steady state, is obtained, Even though the paper has focused on one model in the area of individual behavior, the approach is general and can be applied to other areas of organizational behavior as will. The usefulness of System Dynamics as a methodology for theory building is identified as well.

• Korean System Dynamics Review
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• v.8 no.2
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• pp.175-190
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• 2007

Stock market volatility largely depends on firms' value and growth opportunities. However, with the globalization of world economy, the effect of the synchronization in major countries is gaining its importance. Also, domestically, the business cycle and cash market of the country are additional factors needed to be considered. The main purpose of this research is to attest the application and usefulness of System Dynamics as a general stock market forecasting tool. Throughout this research, System Dynamics suggests a conceptual model for forecasting a KOSPI(Korea Composite Stock Price Index), taking the factors of the composite stock price indexes in traditional researches. In conclusion of this research, System Dynamics was proved to bean appropriate model for forecasting the volatility and direction of a stock market as a whole. With its timely adaptability, System Dynamic overcomes the limit of traditional statistic models.

• Korean System Dynamics Review
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• v.13 no.3
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• pp.5-22
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• 2012

Although many system dynamists point out the close relationship between institutional economics and system dynamics, the relationship between institutional political theory and system dynamics approach is not explicitly appreciated yet. We developed a system dynamics model to investigate theoretical propositions of institutional politics. Our system dynamics model showed how the endogenous mechanism can explain the political changes as well as orders. Although simple in the causal structure, our model could show a complex behavior of political competition. Several simulation results imply that some unexpected changes in election and power competition may come from the endogenous system rather than from exogenous factors such as economic and environmental shocks.