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Balancing Competing Objectives Across A System

By September 13, 2023November 18th, 2024No Comments

In this Stella Architect demo, Craig Martin highlights the vital role of system dynamics digital twins in balancing competing objectives in business strategies. Leveraging the tool, he creates a simulation involving a fishing village with conflicting goals of profit and fish stock sustainability. Through iterative adjustments and considering time-space factors, he showcases how to find a harmonized state, emphasizing the necessity of meticulous planning and regular monitoring to prevent unforeseen adverse consequences.

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