Features and Added Value of Simulation Models Using Different Modelling Approaches Supporting Policy-Making: A Comparative Analysis

Dragana Majstorovic (), Maria A Wimmer (), Roy Lay-Yee (), Peter Davis () and Petra Ahrweiler ()
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Dragana Majstorovic: University of Koblenz-Landau
Maria A Wimmer: University of Koblenz-Landau
Roy Lay-Yee: University of Auckland
Peter Davis: University of Auckland
Petra Ahrweiler: EA European Academy of Technology and Innovation Assessment GmbH

Chapter 6 in Policy Practice and Digital Science, 2015, pp 95-123 from Springer

Abstract: Abstract Using computer simulations in examining, explaining and predicting social processes and relationships as well as measuring the possible impact of policies has become an important part of policy-making. This chapter presents a comparative analysis of simulation models utilised in the field of policy-making. Different models and modelling theories and approaches are examined and compared to each other with respect to their role in public decision-making processes. The analysis has shown that none of the theories alone is able to address all aspects of complex policy interactions, which indicates the need for the development of hybrid simulation models consisting of a combinatory set of models built on different modelling theories. Building such hybrid simulation models will also demand the development of new and more comprehensive simulation modelling platforms.

Keywords: System Dynamic Model; Policy Modelling; School Closure; Dynamic Stochastic General Equilibrium; Modelling Paradigm (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-12784-2_6

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