Construction of a flexible simulation model of a corporation
Journal Title: Operations Research and Decisions - Year 2019, Vol 29, Issue 1
Abstract
The instability of the real structure of a firm is one of the fundamental problems in simulating microeconomic systems. This paper proposes a method, called ACV (abstraction – gradual concretization – verification) for constructing a flexible simulation model of a corporation. This method is based on the assumption that an effective approach to simulating a microeconomic system should take into account the structural instability of the modelled object. Practical implementation of the ACV method is illustrated using the EK_AN simulator of a firm. The purpose of the simulator as a scientific tool of operations research is to analyse the relations of given inputs (decisions) with the short- and mediumterm forecasts of a firm’s economic performance.
Authors and Affiliations
Edward RADOSIŃSKI, Łukasz RADOSIŃSKI
Keywords
Related Articles
- EP ID EP633906
- DOI 10.5277/ord190105
- Views 33
- Downloads 0
Branch and bound algorithm for discrete multi- level linear fractional programming problem
An algorithm is proposed to find an integer solution for bilevel linear fractional programming problem with discrete variables. The method develops a cut that removes the integer solutions which are not bilevel feasible....
Modified optimization model for selecting project risk response strategies
The authors present modifications of the optimization model for selecting project risk response strategies proposed by Zhang and Fan. The weaknesses of the original model has been identified and an improved model with th...
Cluster analysis of the impact of currency regime type on features of the spread of financial crises
The paper presents the results of research on the impact of currency regime type on features of the spread of financial crises. The focus is on constructing a neural network to identify groups of countries exhibiting sim...
On the core of a cost allocation problem under asymmetric information
We study a cost allocation problem under asymmetric information, and show that the ex ante incentive compatible core is non-empty. We also obtain a non-emptiness result for the incentive compatible coarse core, which is...
Solving some deterministic finite horizon inventory models
Two single-item, deterministic, continuous, finite horizon inventory models having no shortage have been considered. A demand rate function, which is relatively general, for the item has been assumed. In the first model,...