Chapter

The ABMS Paradigm

Michael J. North and Charles M. Macal

in Managing Business Complexity

Published in print April 2007 | ISBN: 9780195172119
Published online September 2007 | e-ISBN: 9780199789894 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195172119.003.0002
 The ABMS Paradigm

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This chapter discusses foundational issues in modeling, such as the differences between deterministic and stochastic models as well as the strategic, tactical, and operational model guidance horizons. It also explains how agent-based modeling and simulation fits into this context.

Keywords: deterministic models; stochastic models; strategic; tactical; operational; model guidance horizon

Chapter.  9445 words. 

Subjects: Business Strategy

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