About Some Applications of Kolmogorov Equations to the Simulation of Financial Institutions Activity

Mikhail Rumyantsev

Papers from arXiv.org

Abstract: The goal of this article is to describe the concepts of system dynamics and its applications to the simulation modeling of financial institutions daily activity. The hybrid method of the re-engineering of banking business processes based upon combination of system dynamics, queuing theory and tools of ordinary differential equations (Kolmogorov equations) is offered.

Date: 2009-12
New Economics Papers: this item is included in nep-ban and nep-cmp
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:0912.1037

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