Try out what you just learned:
- Redraw the credit card example from the video lesson with the feedback loop including interest payments.
- Try out these three exercises created by Prof. John Sterman of MIT:
-
Using the variables below related to forest management, identify which are stocks and which are flows. Then create a diagram including
all the variables and feel free to add any that are not mentioned.
- Harvesting
- Middle-aged Trees
- Harvestable Sawtimber
- Aging into Sawtimber
- Seeding
- Saplings
- Aging into Middle-aged
- Deaths
-
Using the variables below related to oil recovery, identify which are stocks and which are flows. Then create a diagram including all
the variables, and any additional ones you need.
- Petroleum reserves
- Production rate
- Discovery rate
- Undiscovered petroleum resources
- Cumulative petroleum consumption
*An exercise developed by MIT Professor John Sterman
Resources
Developed by John Sterman with National Geographic. Source: National Geographic Magazine, December 2009. http://ngm.nationalgeographic.com/big-idea/05/carbon-bath
Further Reading on stocks and flows*:
- Meadows, Donella. (2008). Thinking in Systems . Chelsea Green Publishing. Chapter 1.
- Sterman, John. (2000). Business Dynamics: Systems Thinking and Modeling for a Complex World . Irwin/McGraw Hill. Chapter 7.
*These books are great resources for all the fundamentals of systems thinking.
Note on the video lesson:
Due to an effort to keep the lesson short, there are some subtleties that were left out:
- The role of interest feedback in the credit card example. There is an important reinforcing feedback loop that increases debt through interest.
- Why removals fall in the reduction scenario (time 11:00 in the video). There are two important feedback loops that we don’t explain in the video. First, there a “fertilization” feedback loop – the more emitted, the more removal – so when emissions go down, so do removals. Second, there is a “saturation” feedback loop where the sinks – both biomass and oceans – fill up with CO2 and the rate of removal slows.
There are many opportunities to learn more about stocks and flows. Here are several:
Sterman, J. (2012). Sustaining Sustainability: Creating a Systems Science in a Fragmented Academy and Polarized World. Sustainability Science: The Emerging Paradigm and the Urban Environment. M. Weinstein and R. E. Turner, Springer: 21-58.
Sterman, J. (2011). “Communicating Climate Change Risks in a Skeptical World.” Climatic Change 108: 811-826.
Sterman, J. D. (2010). “Does formal system dynamics training improve people’s understanding of accumulation?” System Dynamics Review 26(4): 316-334.
Cronin, M., et al. (2009). “Why Don’t Well-Educated Adults Understand Accumulation? A Challenge to Researchers, Educators, and Citizens.” Organizational Behavior and Human Decision Processes 108(1): 116-130.
Sterman, J. D. (2008). “Risk Communication on Climate: Mental Models and Mass Balance.” Science 322: 532-533.