System Dynamics Glossary
What is the meaning of Policy?
A policy is established as guiding rule(s) applied
to a point in a system. This rule [, or
set of rules,] is applied continually as time passes and
even as circumstances change. It is critical to understand that
policy has two components. The first component of
policy is structure; the form of the equation
and the corresponding set of links on the influence diagram.
[The influence diagram describes most influential concepts, factors, or forces
acting and the interrelationships between them]. The second is the
parameters within a given structure. A policy specifies
how actions should be taken in the information / action
/ consequences paradigm, noting an emphasis on the repetitiveness of
the actions (Coyle, 1996; 222). Also see pressure point.
Jared Diamond, "Collapse: How Societies Choose to Fail or
—More information on Collapse: How Societies Choose to
Fail or Succeed
Neal Boortz and John Linder, "The FairTax Book".
—More information on The FairTax Book
Other topics in our resources on System Dynamics related to Policy include:
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