1955
DOI: 10.1063/1.3061985
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The Mechanism of Economic Systems

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Cited by 58 publications
(33 citation statements)
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“…This dates back to early approaches to control theory in production systems (Simon 1952), and the servomechanism approach started with Tustin (1952).…”
Section: The Origins Of the Forridge Principlesmentioning
confidence: 99%
“…This dates back to early approaches to control theory in production systems (Simon 1952), and the servomechanism approach started with Tustin (1952).…”
Section: The Origins Of the Forridge Principlesmentioning
confidence: 99%
“…Based on models and tools which were used by control engineers in order to analyze the stability of mechanical and electrical control systems, he developed powerful methods and a set of tools, which were first suggested by Tustin (1953), to model and analyze problems in complex systems.…”
Section: System Dynamics (Note 1)mentioning
confidence: 99%
“…SD was one of the very first responses to the insufficiency of Operation Research (OR) and other management science methodologies for solving complex problems with large number of variables, nonlinearity and human intervention. Based on former models and tools used by control engineers to analyze the stability of mechanical and electrical control systems (Tustin, 1953), he developed a set of tools and a powerful method for modeling and analyzing complicated problem situations. SD is mainly built upon traditional management of social system, cybernetics and computer simulation.…”
Section: System Dynamicsmentioning
confidence: 99%