Download or read book A Process for the Development and Application of Simulation Models in Applied Economics written by Graeme J. Doole and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation models are widely used in applied economics to improve understanding of how a system could behave under different conditions. However, the potential degree to which such models can influence decision making depends on their ability to provide an adequate description of the important elements of a given problem. A systematic and robust procedure for the development and application of such models in agricultural, ecological, environmental and natural resource economics is presented. This process is based on the authors' experience across a broad range of model types and applications and extensive literature review. The practical impact of simulation models is argued to be greater where stakeholders and technical experts are consulted extensively throughout the modelling process.
Download or read book Simulation Modeling written by Constantin Volosencu and published by BoD – Books on Demand. This book was released on 2022-01-19 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents some recent specialized works of a theoretical and practical nature in the field of simulation modeling, which is being addressed to a large number of specialists, mathematicians, doctors, engineers, economists, professors, and students. The book comprises 11 chapters that promote modern mathematical algorithms and simulation modeling techniques, in practical applications, in the following thematic areas: mathematics, biomedicine, systems of systems, materials science and engineering, energy systems, and economics. This project presents scientific papers and applications that emphasize the capabilities of simulation modeling methods, helping readers to understand the phenomena that take place in the real world, the conditions of their development, and their effects, at a high scientific and technical level. The authors have published work examples and case studies that resulted from their researches in the field. The readers get new solutions and answers to questions related to the emerging applications of simulation modeling and their advantages.
Download or read book Issues in Agribusiness and Agricultural Economics 2013 Edition written by and published by ScholarlyEditions. This book was released on 2013-05-01 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Agribusiness and Agricultural Economics: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Agricultural Economics. The editors have built Issues in Agribusiness and Agricultural Economics: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Agricultural Economics in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Agribusiness and Agricultural Economics: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Download or read book Models of Economic Systems written by Arnold H. Packer and published by MIT Press (MA). This book was released on 1972 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book at once introduces the entire area of adaptive modeling and precisely defines a new decision-making procedure for developing and using models of large, complex socioeconomic systems.
Download or read book Handbook of Real World Applications in Modeling and Simulation written by John A. Sokolowski and published by John Wiley & Sons. This book was released on 2012-04-24 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduces various modeling and simulation methods and paradigms that are used to explain and solve the predominant challenges facing society Handbook of Real-World Applications in Modeling and Simulation provides a thorough explanation of modeling and simulation in the most useful, current, and predominant applied areas of transportation, homeland security, medicine, operational research, military science, and business modeling. Offering a cutting-edge and accessible presentation, this book discusses how and why the presented domains have become leading applications of modeling and simulation techniques. Contributions from leading academics and researchers integrate modeling and simulation theories, methods, and data to analyze challenges that involve technological and social issues. The book begins with an introduction that explains why modeling and simulation is a reliable analysis assessment tool for complex systems problems. Subsequent chapters provide an orientation to various modeling and simulation methods and paradigms that are used to explain and solve the predominant challenges across real-world applied domains. Additionally, the handbook: Provides a practical one-stop reference on modeling and simulation and contains an accessible introduction to key concepts and techniques Introduces, trains, and prepares readers from statistics, mathematics, engineering, computer science, economics, and business to use modeling and simulation in their studies and research Features case studies that are representative of fundamental areas of multidisciplinary studies and provides a concise look at the key concepts of modeling and simulation Contains a collection of original ideas on modeling and simulation to help academics and practitioners develop a multifunctional perspective Self-contained chapters offer a comprehensive approach to explaining each respective domain and include sections that explore the related history, theory, modeling paradigms, and case studies. Key terms and techniques are clearly outlined, and exercise sets allow readers to test their comprehension of the presented material. Handbook of Real-World Applications in Modeling and Simulation is an essential reference for academics and practitioners in the areas of operations research, business, management science, engineering, statistics, mathematics, and computer science. The handbook is also a suitable supplement for courses on modeling and simulation at the graduate level.
Download or read book Economic Models Methods Theory And Applications written by Dipak R Basu and published by World Scientific. This book was released on 2009-04-17 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Model Building is the most fruitful area of economics, designed to solve real-world problems using all available methods such as mathematical, computational and analytical, without distinction. Wherever necessary, we should not be reluctant to develop new techniques, whether mathematical or computational. That is the philosophy of this volume.The volume is divided into three distinct parts: Methods, Theory and Applications. The Methods section is in turn subdivided into Mathematical Programming and Econometrics and Adaptive Control System, which are widely used in econometric analysis. The impacts of fiscal policy in a regime with independent monetary authority and dynamic models of environmental taxation are considered.In the section on “Modelling Business Organization”, a model of a Japanese organization is presented. Furthermore, a model suitable for an efficient budget management of a health service unit by applying goal programming method is analyzed, taking into account various socio-economic factors. This is followed by a section on “Modelling National Economies”, in which macroeconometric models for the EU member countries are analyzed, to find instruments that stabilize inflation with coordinated action.
Download or read book Simulation in Business and Economics written by Robert C. Meier and published by Prentice Hall. This book was released on 1969 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management development guide on simulation techniques applicable to scientific management and economics - covers pert (network analysis), business organization, quality control, models of dynamics in industry, econometrics, computer programmes and language, systems design, etc. Bibliography at the end of each chapter.
Download or read book Microsimulation Modelling for Policy Analysis written by Lavinia Mitton and published by Cambridge University Press. This book was released on 2000-09-21 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The editors bring together examples of microsimulation modeling that are at the frontiers of developments in the field, either because they extend the range of techniques available to modelers, or because they demonstrate new applications for established methods. This volume represents the state of the art with chapters on the use of microsimulation for comparative policy research and for challenging conventional assumptions, combining microsimulation with other types of economic models and the much-neglected subjects of model alignment and validation. Data and case studies are taken from regions including Asia-Pacific, Europe and North America.
Download or read book Agent based Models of the Economy written by R. Boero and published by Springer. This book was released on 2015-06-16 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agent-based models are tools that provide researchers in economic fields with unprecedented analytical capabilities. This book describes the power of agent-based models along their methodology, and it provides several examples of applications spanning from public policy evaluation to financial markets.
Download or read book Modeling and Simulation written by Hartmut Bossel and published by CRC Press. This book was released on 2018-10-08 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models and simulations of all kinds are tools for dealing with reality. Humans have always used mental models to better understand the world around them: to make plans, to consider different possibilities, to share ideas with others, to test changes, and to determine whether or not the development of an idea is feasible. The book Modeling and Simulation uses exactly the same approach except that the traditional mental model is translated into a computer model, and the simulations of alternative outcomes under varying conditions are programmed on the computer. The advantage of this method is that the computer can track the multitude of implications and consequences in complex relationships much more quickly and reliably than the human mind. This unique interdisciplinary text not only provides a self contained and complete guide to the methods and mathematical background of modeling and simulation software (SIMPAS) and a collection of 50 systems models on an accompanying diskette. Students from fields as diverse as ecology and economics will find this clear interactive package an instructive and engaging guide.
Download or read book Model Building in Economics written by Lawrence A. Boland and published by Cambridge University Press. This book was released on 2014 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations.
Download or read book Economics with Heterogeneous Interacting Agents written by Alessandro Caiani and published by Springer. This book was released on 2016-09-21 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical guide to Agent Based economic modeling, adopting a “learning by doing” approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic “toolkit” for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, “Economics with Heterogeneous Interacting Agents” will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.
Download or read book Modeling Dynamic Economic Systems written by Matthias Ruth and published by Springer Science & Business Media. This book was released on 2012-02-09 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources required to meet economic needs. Sections cover methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both nonrenewable and renewable resources, and chaos in economic models. This book does not require a substantial background in mathematics or computer science.
Download or read book Simulation written by Stewart Robinson and published by Bloomsbury Publishing. This book was released on 2014-09-22 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of this successful textbook provides a comprehensive introduction to simulation, foregrounding the topic as an applied problem-solving tool. Guiding readers through the key stages in a simulation project in terms of both the technical requirements and the project management issues surrounding it, the book will enable students to develop appropriate valid conceptual models, perform simulation experiments, analyse the results and draw insightful conclusions. The author's engaging style and authoritative knowledge of the subject make the book as accessible as it is essential, drawing on case studies and complementary online content to encourage a critical engagement with the topic. This is an ideal textbook for those studying on upper level undergraduate and postgraduate degree courses in business and management and MBA programmes, and is a core text for those specialising in operations management. In addition, it is an important text for students taking Simulation modules on engineering, computer science or mathematics degree programmes. New to this Edition: - A practical step-by-step guide to preparing a simple model - Improved cross referencing, navigation and design - Updated referencing and the inclusion of select new case studies - New material available via the companion website - Key concepts, on-page glossary terms and relevant further reading lists for each chapter
Download or read book Agent Based Methods in Economics and Finance written by Francesco Luna and published by Springer Science & Business Media. This book was released on 2002 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume on financial and economic simulations in Swarmmarks the continued progress by a group of researchers to incorporateagent-based computer models as an important tool within theirdiscipline.Swarm promotes agent-based computer models as a tool for the study ofcomplex systems. A common "language" is leading to the growth ofuser communities in specific areas of application. Furthermore, byproviding an organizing framework to guide the development of moreproblem-specific structures, and by dealing with a whole range ofissues that affect their fundamental correctness and their ability tobe developed and reused, Swarm has sought to make the use ofagent-based models a legitimate tool of scientific investigation thatalso meets the practical needs of investigators within acommunity.Swarm's principal foundation is an object-oriented representation ofactive agents interacting among themselves and with their environment.To this base layer it adds its own structures to drive, record andportrait the events that occur across this world. The specificcontents of any world, however, are up to the experimenter to provide, either by building them from scratch or by tapping previouscontributions.This book is notable in assembling a rich array of such contributions, which are significant in their own right, but which can also be minedto extract the reusable elements in their respective areas of financeand economics. It also presents three interesting software additionswith tutorials in the form of simple financial and economicapplications. A Swarm meta-language closer to a natural language', the use of internet-augmented Swarm for experimental economics, and aSwarm visual builder will meet thechallenges launched by otheragent-based modelling competitors.The Swarm community at large can benefit greatly from the lead thatthe growing field of computational economics is taking to address itsown needs, as represented by th
Download or read book Modelling and Simulation in Management written by Ioan Constantin Dima and published by Springer. This book was released on 2015-05-13 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive introduction of the reader into the simulation and modelling techniques and their application in the management of organisations. The book is rooted in the thorough understanding of systems theory applied to organisations and focuses on how this theory can apply to econometric models used in the management of organisations. The econometric models in this book employ linear and dynamic programming, graph theory, queuing theory, game theory, etc. and are presented and analysed in various fields of application, such as investment management, stock management, strategic decision making, management of production costs and the lifecycle costs of quality and non-quality products, production quality Management, etc.
Download or read book Principles of Modeling and Simulation written by John A. Sokolowski and published by John Wiley & Sons. This book was released on 2011-09-20 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores wide-ranging applications of modeling and simulation techniques that allow readers to conduct research and ask "What if?" Principles of Modeling and Simulation: A Multidisciplinary Approach is the first book to provide an introduction to modeling and simulation techniques across diverse areas of study. Numerous researchers from the fields of social science, engineering, computer science, and business have collaborated on this work to explore the multifaceted uses of computational modeling while illustrating their applications in common spreadsheets. The book is organized into three succinct parts: Principles of Modeling and Simulation provides a brief history of modeling and simulation, outlines its many functions, and explores the advantages and disadvantages of using models in problem solving. Two major reasons to employ modeling and simulation are illustrated through the study of a specific problem in conjunction with the use of related applications, thus gaining insight into complex concepts. Theoretical Underpinnings examines various modeling techniques and introduces readers to two significant simulation concepts: discrete event simulation and simulation of continuous systems. This section details the two primary methods in which humans interface with simulations, and it also distinguishes the meaning, importance, and significance of verification and validation. Practical Domains delves into specific topics related to transportation, business, medicine, social science, and enterprise decision support. The challenges of modeling and simulation are discussed, along with advanced applied principles of modeling and simulation such as representation techniques, integration into the application infrastructure, and emerging technologies. With its accessible style and wealth of real-world examples, Principles of Modeling and Simulation: A Multidisciplinary Approach is a valuable book for modeling and simulation courses at the upper-undergraduate and graduate levels. It is also an indispensable reference for researchers and practitioners working in statistics, mathematics, engineering, computer science, economics, and the social sciences who would like to further develop their understanding and knowledge of the field.
