search query: @author Morecroft, J.D.W. / total: 2
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| Author: | Langley, P.A. Morecroft, J.D.W. |
| Title: | Performance and learning in a simulation of oil industry dynamics |
| Journal: | European Journal of Operational Research
2004 : JUN, VOL. 155:3, p. 715-732 |
| Index terms: | System dynamics Oil industry Simulation Decision making Scenarios |
| Language: | eng |
| Abstract: | Experimental studies on decision making in dynamically complex simulated systmes have shown that poor performance arises from decision makers' failure to correctly interpret feedback information. This experimental simulation study examines ways to improve performance through online information feedback that clarifies for subjects the task structure of their decisions including cause and effect. In order to test their ideas the authors devised an assignment for business school students using a microworld simulator representing the global oil industry. From the results conclusions are drawn about individual and team learning in complex dynamic systems. |
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