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Managing Business ComplexityDiscovering Strategic Solutions with Agent-Based Modeling and Simulation$
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Managing Business Complexity: Discovering Strategic Solutions with Agent-Based Modeling and Simulation

Michael J. North and Charles M. Macal

Print publication date: 2007

Print ISBN-13: 9780195172119

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195172119.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 04 December 2020

The ABMS Paradigm

The ABMS Paradigm

Chapter:
(p.11) 2 The ABMS Paradigm
Source:
Managing Business Complexity
Author(s):

Michael J. North (Contributor Webpage)

Charles M. Macal (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195172119.003.0002

This chapter discusses foundational issues in modeling, such as the differences between deterministic and stochastic models as well as the strategic, tactical, and operational model guidance horizons. It also explains how agent-based modeling and simulation fits into this context.

Keywords:   deterministic models, stochastic models, strategic, tactical, operational, model guidance horizon

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