Disaggregation and refinement of system dynamics models via agent-based modeling

2014 
System dynamics models are usually used to investigate aggregate level behavior, but these models can be decomposed into agents that have more detailed individual behaviors. Here we develop a simple model of the STEM workforce to illuminate the impacts that arise from the disaggregation and refinement of system dynamics models via agent-based modeling. Particularly, alteration of Poisson assumptions, adding heterogeneity to decision-making processes of agents, and discrete-time formulation are investigated and their impacts are illustrated. The goal is to demonstrate both the promise and danger of agent-based modeling in the context of a relatively simple model and to delineate the importance of modeling decisions that are often overlooked.
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