A simple model for business simulations
- 1 May 1975
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Engineering Management
- Vol. EM-22 (2) , 55-76
- https://doi.org/10.1109/tem.1975.6447206
Abstract
A business model is developed, based on the ideas of behavioral modeling, and two typical businesses are simulated including representations of environments and management strategies. The model is intended as a flexible framework for simulations useful in planning and is easily modified to represent particular situations, operating criteria, and available information. The performances of the two businesses are computed for a number of combinations of environment and management strategy.Keywords
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