Simulation Research of Regional Logistics and Economic Development of Wuhan Based on System Dynamics

Development of logistics industry is a major indicator used for measuring the economic development-level and modernized level of a region, and also is one of basic power to promote the development of regional economy. On the basis of system dynamics and combining with the related data about Wuhan in terms of economic and logistics from 2006 to 2013, the paper makes analogue simulation on the problems of logistics and economic development of Wuhan through SD model; and conducted the test analysis with Vensim PLE software. Finally, the paper concludes that the economic development of Wuhan stimulates the growth of the logistics demand, but insufficient supply capacity will cause economic barriers. The supply and demand balance of logistics, therefore, not only promote the coordinated development of economy, but also propose effective ways and thinking for the development of the logistics system.