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Performance and learning in a simulation of oil industry dynamics

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  • Langley, Paul A.
  • Morecroft, John D. W.

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  • Langley, Paul A. & Morecroft, John D. W., 2004. "Performance and learning in a simulation of oil industry dynamics," European Journal of Operational Research, Elsevier, vol. 155(3), pages 715-732, June.
    • Handle: RePEc:eee:ejores:v:155:y:2004:i:3:p:715-732
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    References listed on IDEAS

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    1. Morecroft, John D. W. & van der Heijden, Kees A. J. M., 1992. "Modelling the oil producers -- Capturing oil industry knowledge in a behavioural simulation model," European Journal of Operational Research, Elsevier, vol. 59(1), pages 102-122, May.
    2. Camerer, Colin F & Hogarth, Robin M, 1999. "The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework," Journal of Risk and Uncertainty, Springer, vol. 19(1-3), pages 7-42, December.
    3. Erling Moxnes, 1998. "Not Only the Tragedy of the Commons: Misperceptions of Bioeconomics," Management Science, INFORMS, vol. 44(9), pages 1234-1248, September.
    4. K Warren & P Langley, 1999. "The effective communication of system dynamics to improve insight and learning in management education," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 50(4), pages 396-404, April.
    5. John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
    6. Kishore Sengupta & Tarek K. Abdel-Hamid, 1993. "Alternative Conceptions of Feedback in Dynamic Decision Environments: An Experimental Investigation," Management Science, INFORMS, vol. 39(4), pages 411-428, April.
    7. Sterman, John., 1994. "Learning in and about complex systems," Working papers 3660-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    8. Mark Paich & John D. Sterman, 1993. "Boom, Bust, and Failures to Learn in Experimental Markets," Management Science, INFORMS, vol. 39(12), pages 1439-1458, December.
    9. Kleinmuntz, Don N. & Thomas, James B., 1987. "The value of action and inference in dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 39(3), pages 341-364, June.
    10. Larsen, Erik R. & Morecroft, John D. W. & Thomsen, Jesper S., 1999. "Complex behaviour in a production-distribution model," European Journal of Operational Research, Elsevier, vol. 119(1), pages 61-74, November.
    11. Graham, Alan K. & Morecroft, John D. W. & Senge, Peter M. & Sterman, John D., 1992. "Model-supported case studies for management education," European Journal of Operational Research, Elsevier, vol. 59(1), pages 151-166, May.
    12. Sterman, John D., 1989. "Misperceptions of feedback in dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 43(3), pages 301-335, June.
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    Cited by:

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    2. Pasaoglu, Güzay, 2011. "Using the decentralized and liberalized electricity market microworld (LEMM) as an educational tool," Energy Policy, Elsevier, vol. 39(1), pages 187-199, January.
    3. Sandra C. Vera†Muñoz & Margaret Shackell & Marc Buehner, 2007. "Accountants' Usage of Causal Business Models in the Presence of Benchmark Data: A Note," Contemporary Accounting Research, John Wiley & Sons, vol. 24(3), pages 1015-1038, September.
    4. Birgit Kopainsky & Agata Sawicka, 2011. "Simulator‐supported descriptions of complex dynamic problems: experimental results on task performance and system understanding," System Dynamics Review, System Dynamics Society, vol. 27(2), pages 142-172, April.
    5. Gogi, Anastasia & Tako, Antuela A. & Robinson, Stewart, 2016. "An experimental investigation into the role of simulation models in generating insights," European Journal of Operational Research, Elsevier, vol. 249(3), pages 931-944.
    6. Andrej Škraba & Miroljub Kljajić & Mirjana Kljajić Borštnar, 2007. "The Role of Information Feedback in the Management Group Decision-Making Process Applying System Dynamics Models," Group Decision and Negotiation, Springer, vol. 16(1), pages 77-95, January.
    7. Schaffernicht, Martin & Groesser, Stefan N., 2011. "A comprehensive method for comparing mental models of dynamic systems," European Journal of Operational Research, Elsevier, vol. 210(1), pages 57-67, April.
    8. Torres, Juan Pablo & Kunc, Martin & O'Brien, Frances, 2017. "Supporting strategy using system dynamics," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1081-1094.
    9. Anne M. Farrell & Joan Luft & Michael D. Shields, 2007. "Accuracy in Judging the Nonlinear Effects of Cost and Profit Drivers," Contemporary Accounting Research, John Wiley & Sons, vol. 24(4), pages 1139-1169, December.
    10. Robinson, Stewart & Kotiadis, Kathy, 2016. "Can involving clients in simulation studies help them solve their future problems? A transfer of learning experimentAuthor-Name: Monks, Thomas," European Journal of Operational Research, Elsevier, vol. 249(3), pages 919-930.
    11. Scott, Rodney J & Cavana, Robert Y & Cameron, Donald, 2016. "Recent evidence on the effectiveness of group model building," European Journal of Operational Research, Elsevier, vol. 249(3), pages 908-918.
    12. Hendrik Stouten & Andreas Größler, 2017. "Task Complexity in Individual Stock Control Tasks for Laboratory Experiments on Human Understanding of Dynamic Systems," Systems Research and Behavioral Science, Wiley Blackwell, vol. 34(1), pages 62-77, January.
    13. Martin Kunc, 2024. "Integrating system dynamics and scenarios: A framework based on personal experience," Futures & Foresight Science, John Wiley & Sons, vol. 6(1), March.

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