Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/51748

TitleSimulation for decision making: the need for multi-paradigm approaches
Author(s)Pereira, José Luís
Ribeiro, Marco
KeywordsMulti-paradigm simulation
Discrete-event simulation
System dynamics
Agent-based simulation
Issue date2016
PublisherInternational Business Information Management Association (IBIMA)
Abstract(s)We are surrounded by complexity and uncertainty that constrain our ability to learn and understand the systems around us. We need tools that allow us to deal more effectively with complexity in order to be able to make better decisions. Simulation is such a tool. It provides the means to experiment and learn from observed behaviour. Simulation can be used to effectively support the evaluation of complex scenarios, however its effectiveness is deeply rooted in the ability to build models that capture all the relevant details and dynamics of a complex system. Several approaches to simulation exist, however we believe that adopting a single simulation approach may prove limiting. In this paper we argue that, in more complex situations, a multi-paradigm simulation approach, in which more than one simulation paradigm is used to study the same reality, may be a better approach.
TypeConference paper
URIhttp://hdl.handle.net/1822/51748
ISBN978-0-9860419-6-9
Peer-Reviewedyes
AccessRestricted access (Author)
Appears in Collections:CAlg - Artigos em livros de atas/Papers in proceedings

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