The Role of ABMS

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:
 The Role of ABMS

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This chapter uses a supply chain example to compare and contrast agent-based modeling and simulation with other modeling techniques, including systems dynamics, discrete-event simulation, participatory simulation, statistical modeling, risk analysis, and optimization. It also discusses why businesses and government agencies do modeling and simulation.

Keywords: systems dynamics; discrete-event simulation; participatory simulation; statistical modeling; risk analysis; optimization

Chapter.  22731 words.  Illustrated.

Subjects: Business Strategy

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