Modeling and simulation of economic processes

Bogdan Alexandru Brumar

Studies and Scientific Researches. Economics Edition, 2010, issue 15

Abstract: In general, any activity requires a longer action often characterized by a degree of uncertainty, insecurity, in terms of size of the objective pursued. Because of the complexity of real economic systems, the stochastic dependencies between different variables and parameters considered, not all systems can be adequately represented by a model that can be solved by analytical methods and covering all issues for management decision analysis-economic horizon real. Often in such cases, it is considered that the simulation technique is the only alternative available. Using simulation techniques to study real-world systems often requires a laborious work. Making a simulation experiment is a process that takes place in several stages.

Keywords: integration of economic process; ontology; transition system; optimization methods. (search for similar items in EconPapers)
JEL-codes: C63 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bac:fsecub:10-15-52

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