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Simulation-Based Methods
This chapter presents methods that combine stochastic simulation with other numerical tools to find approximate solutions on the model’s ergodic set....
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Regression and Simulation
Entire books introduce the many aspects of regression. In this chapter, we emphasize the connection between regression and means and conditional...
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Cryptocurrency Exchange Simulation
In this paper, we consider the approach of applying state-of-the-art machine learning algorithms to simulate some financial markets. In this case, we...
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Simulation-Based Analysis of Real-Time Reliability for Trend/Cycle Decompositions
When comparing methods for performing trend/cycle decompositions, real-time reliability properties are often highlighted as an important aspect to...
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Interfirm Network Structure and Innovation Creation: a Simulation Study
Interfirm network can provide enhanced access to competitive resources and capabilities in an innovation ecosystem. This study uses a simulation...
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Envisioning post-capitalist utopias via simulation: Theory, critique and models
We discuss the role of heterodox economics in opening new perspectives, the question of scalability of socio-economic order, the heritage of the...
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Land Use Simulation Models
This chapter presents a review of the literature on land use models structured according to disaggregation of space, time and decision-makers and...
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Hybrid SD and AB Simulation Experimentation for Policy Decision Making
The novel RAM presented in the previous chapter is applied as a procedure for hybrid quantitative simulation. This chapter provides a practical...
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Closure Development and Historical Simulation from 2012 to 2019
The historical simulation described in this chapter is an attempt to understand how the Chinese economy evolved from 2012 to 2019. The historical...
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An agent-based simulation approach to investigate the shift of Switzerland’s inland freight transport from road to rail
Most of today’s inland freight transport in Switzerland is operated on the road system. In this study, an innovative agent-based simulation approach...
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Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation
Regardless of the industry in which a company operates, evaluating corporate performance is one of the most critical and vital processes; the most...
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Economic interactions that are beyond simulation
In this paper, we argue that not all economic interactions can be simulated. Specific types of interactions, instantiated in and instantiating of...
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Economic Simulation Formulation
This chapter intends to simulate the economic growth of China under different regional innovation models through a simulation system that could...
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Global R&D Location Strategy of Multinational Enterprises: an Agent-Based Simulation Modeling Approach
The global research and development (R&D) location strategy of multinational enterprises (MNEs) is examined using agent-based simulation (ABS)...
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Agent-based simulation of COVID-19 containment measures: the case of lockdowns in cities
The effectiveness and political feasibility of COVID-19 containment measures such as lockdowns, are contentious. This stems in part from an absence...
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Designing the Urban Thermal Environment Using Thermal Simulation
A method is introduced to predict the future thermal environment of a city by inputting a three-dimensional computer-aided design model of the area,...
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Boosting the Scalability of Farm-Level Models: Efficient Surrogate Modeling of Compositional Simulation Output
Surrogate modeling can overcome computational and data-privacy constraints of micro-scale economic models and support their incorporation into...
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Gaming Simulation: Terminology and Fundamentals
The aim of this chapter is to introduce the basic terminology and methodology of gaming simulation. We describe the main building blocks and elements...
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Closure Development and Decomposition Simulation from 2012 to 2019
This chapter employs the decomposition function of the CHINAGEM model to analyse China’s economic growth from 2012 to 2019. To do so, we first...
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Agent-Based Simulation for Service and Social Systems and Large-Scale Social Simulation Framework
Because of the dynamic and heterogeneous interactions among human beings with their bounded rationality, a service system discussed in Service...