Scenario-based planning of the effect of changes in the factors affecting the value of the steel market using the system dynamics approach in Chadormalu Mining and Industrial Company
Subject Areas :
Morteza Ghasemi
1
,
Mohammad Zarei Mahmoudabadi
2
,
Morteza Nabi-Meybodi
3
1 - Master's Student in Industrial Management, Meybod University, Meybod, Iran
2 - Associate Professor, Department of Industrial Management, Meybod University, Meybod, Iran
3 - Assistant Professor, Department of Industrial Management, Meybod University, Meybod, Iran
Keywords: Scenario-based Planning, Market Value, System Dynamics, Economic Driver, Chadormalu Mining and Industrial Company.,
Abstract :
Objective: The main purpose of this research was scenario-based planning of the effect of changes in the factors affecting the steel market value using the system dynamics approach in Chadormalu Mining and Industrial Company. Methodology: The current research is based on new foresight, analytical and exploratory methods that were carried out with the help of quantitative and qualitative models. The statistical population of this research was all experts in the market and steel industry in Yazd province, and Vensim DSS software was used to analyze data and information. Conclusion: The results of this research showed that the provision of liquidity needs for investment plans and working capital relied on the internal resources of Chadormalu Mining and Industrial Company and the capital market, and the variable of the steel market value of Chadormalu Mining and Industrial Company, compared to the simultaneity of the change in The components that explain trust in the steel market shows much more sensitive to changes in knowledge and investment culture. In other words, in order to increase the value of the steel market, if the optimal policy of these variables is taken into consideration, the market value of the steel of Chadormalu Mining and Industrial Company will change to a greater increase factor. Originality: In this paper, the subject of scenario-based planning of the effect of changes in the factors affecting the value of the steel market has been comprehensively addressed with the approach of system dynamics steel industry, which has a few similar types of research.