Issue: 2019/Vol.29/No.1, Pages 75-95

CONSTRUCTION OF A FLEXIBLE SIMULATION MODEL OF A CORPORATION

Edward Radosiński, Łukasz Radosiński

Full paper (PDF)    RePEC

Cite as: E. Radosiński, Ł. Radosiński. Construction of a flexible simulation model of a corporation. Operations Research and Decisions 2019: 29(1), 75-95. DOI 10.37190/ord190105

Abstract
The instability of the real structure of a firm is one of the fundamental problems in simulating microeconomic systems. This paper proposes a method, called ACV (abstraction – gradual concretization – verification) for constructing a flexible simulation model of a corporation. This method is based on the assumption that an effective approach to simulating a microeconomic system should take into account the structural instability of the modelled object. Practical implementation of the ACV method is illustrated using the EK_AN simulator of a firm. The purpose of the simulator as a scientific tool of operations research is to analyse the relations of given inputs (decisions) with the short- and medium-term forecasts of a firm’s economic performance.

Keywords: flexible simulation model, corporation, computer simulator, verification

Received:     Accepted: 10 April 2019