A simple model for business simulations

A simple model for business simulations

A business model is developed, based on the ideas of behavioral modeling, and two typical businesses are simulated including representations of environments and management strategies. The model is intended as a flexible framework for simulations useful in planning and is easily modified to represent...

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Veröffentlicht in:IEEE transactions on engineering management 1975-05, Vol.EM-22 (2), p.55-76
1. Verfasser: Duersch, Ralph R.
Format: Artikel
Sprache:eng
Schlagworte:
Computational modeling
Data models
Investments
Marketing and sales
Materials
Production
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Beschreibung
Zusammenfassung:A business model is developed, based on the ideas of behavioral modeling, and two typical businesses are simulated including representations of environments and management strategies. The model is intended as a flexible framework for simulations useful in planning and is easily modified to represent particular situations, operating criteria, and available information. The performances of the two businesses are computed for a number of combinations of environment and management strategy.
ISSN:0018-9391
1558-0040
DOI:10.1109/TEM.1975.6447206