Understanding the behaviour of the Australian retirement village industry: A system dynamics modelling approach

Walliah, Jerry Jimmy (2021) Understanding the behaviour of the Australian retirement village industry: A system dynamics modelling approach. PhD thesis, Queensland University of Technology, Australia.

Abstract

This thesis was a step forward in examining the underlying behaviour of the Australian retirement village industry and the effect of social sustainability on its behaviour. Three system dynamic models were developed to simulate future growth of the Australian retirement village industry when no social sustainability, base social sustainability and maximum social sustainability were taken into consideration. These models reveal the growth pattern of the industry and quantify the significant impact of social sustainability on its future growth until the end of this century.

Item Type: Thesis (Doctoral)
Thesis advisor: Chen, Qing
Uncontrolled Keywords: retirement village industry; dynamic behaviour; system dynamic modelling; sustainable development; social sustainability; reference mode; causal loop diagram; stock and flow diagram
Index terms: social sustainability, modelling, system dynamics, dynamic modelling, sustainable development
Subjects: analytical methods, health safety and environment, communities and social development, computing systems, modelling and simulation
Topics: Health and Safety, Engineering Principles, Stakeholder Management, Digital Applications
Descriptive scope: 3 PCT

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