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Constructing and Analysing Policy Scenarios for Community Well-Being Using System Dynamics:The Case of Seoul Metropolitan City, Korea

Author

Listed:
  • Choi, Young-Chool

    (Chungbuk National University, Korea)

  • Ji-Hyun, Jang

    (Sanymyung University, Korea)

  • Min-Je , Choi,

    (Korea University, Korea)

Abstract

This paper puts forward policy scenarios for community well-being in Seoul Metropolitan City, Korea using system dynamics and the sensitivity analysis method, scenarios which it is hoped will be of great benefit to policy-makers and practitioners involved in the field of community well-being. In the process, it attempts to predict what, if these policy scenarios are applied, will happen in the area of community well-being and related phenomena in Seoul City in the future. In so doing, the paper constructs a causal model in order to analyse the complex interrelationships between the factors affecting community well-being in Seoul and to simulate the possible behaviour of community well-being over the period 2017-27.

Suggested Citation

  • Choi, Young-Chool & Ji-Hyun, Jang & Min-Je , Choi,, 2017. "Constructing and Analysing Policy Scenarios for Community Well-Being Using System Dynamics:The Case of Seoul Metropolitan City, Korea," International Journal of Entrepreneurship, Allied Business Academies, vol. 21(3), October.
    • Handle: RePEc:ris:ijentr:0016
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    More about this item

    Keywords

    Community Well-Being; System Dynamics; Systems Thinking; Sensitivity Analysis.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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