Abstract for: SDA: System Dynamics Simulation of Inter Regional Risk Management Using a Multi-Layered Model with Delays and Anticipation
Even in inter regional risk management phenomena of retardation and adaptation play an important role in the interplay between different logical management levels. In this paper it is demonstrated that an System Dynamics (SD) approach may be very suitable for modeling and simulating such phenomena. In some situations, however, SD approaches and modeling tools may pose some unnecessary restrictions on the procedure. Hence, the authors recommend a pragmatic and flexible attitude towards the choice of approach and tools.