A System Dynamics simulation model for sustainable value through the Viable Systems Approach

Aim of this work is to shed light on sustainable value and develop a model, based on vSa and translated at applicative level through the system dynamics methodology, and through which it will be possible, once contextualized, to simulate the behaviours of business organizations interested in measuring sustainable value. According to the above-mentioned theoretical framework, value, traditionally considered as something objective and defined a priori, owns a multiple nature and is characterized by strongly subjective contents. This last concept means that the definition of value passes through the perspective of the subjects towards whom it is created (Recipient), in relation to the perspective of the entity who is interested in its creation and measurement (the governing body of the organizations). This conceptualization, based on vSa, assumes greater significance when we refer to sustainable value, which is the result of the concurrent consideration of three dimensions: economic, social and environmental. By adopting this perspective, value will be considered as a vector quantity and as the result of the subjective weighting of the different stakeholders that may change according to the considered organization.