Learning From Behavioral Modeling, and Simulation of Business Policy, (What the Experienced Modeler Learns) (Classic Reprint)
| Author | : John D. W. Morecroft |
| Publisher | : Forgotten Books |
| Total Pages | : 70 |
| Release | : 2017-12-24 |
| Genre | : Business & Economics |
| ISBN | : 9780484605809 |
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Excerpt from Learning From Behavioral Modeling, and Simulation of Business Policy, (What the Experienced Modeler Learns) What does experienced modeler learn from a purely descriptive survey of business policies and speculation about their structure and interaction? What more does he learn from writing equations and drawing structural diagrams? What does he learn from simulation that he cannot guess from speculation? The paper explores these questions using the results of a modeling project for a growing firm in the telecommunications industry. The project was divided into two distinct phases a descriptive survey of business structure followed by simulation modeling and analysis. A written report, issued immediately after the survey, served as a benchmark for measuring new insights from the simulation modeling phase. The paper shows the independent value of a descriptive survey, which comes from organizing, visualizing and interpreting one's knowledge of the firm's policies and their feedback structure. The paper also shows the added value of simula tion modeling and analysis, which comes from better structuring of poli cies, visualizing dynamic behavior and explaining behavior in precise stories. But at present one pays a high price for these insights from simulation. A modeler spends a lot of time interpreting simulations, and much of that in the painstaking process of discovering formulation errors. Very often the discovery of errors doesn't improve his understanding of business policy instead it reveals his limitations as an equation writer. To learn more quickly from simulation requires better simulation languages to improve the interface betweeen the model and intuition. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
