International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)

Abstract

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

Author(s): Young-Chool Choi, Ji-Hyun Jang

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.