A SYSTEM DYNAMIC MODELING APPROACH AND METHODOLOGY

Abstract

The modern growth in present time because of globalization of markets method more opposition for businesses specially those in growing economies which have limited analytical gear for business choices. Market demand uncertainty impacts the performance and behavior of the planning processes utilized by manufacturing to satisfy income. This uncertainty and the ensuing instability inside the manufacturing schedules have an effect on the relationships with the suppliers from whom the corporation purchases raw materials and thing components. so that it will resolve the trouble, this research evolved a SCM gadget dynamics model that allows enterprise managers and researchers in SCM make better and knowledgeable selections for close existence cycle products.