Chapter 22 Simulation Modeling as a Policy Tool

This chapter describes, justifies, presents the pros and cons of and illustrates the use of simulation modeling as a handy, cost-effective and agile tool for policymakers. Simulation modeling is flexible enough to accommodate different levels of detail, precision and time frameworks. It also serves...

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Bibliografski detalji
Glavni autor: Furtado, Bernardo Alves (auth)
Format: Elektronički Poglavlje knjige
Jezik:engleski
Izdano: Taylor & Francis 2023
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Sažetak:This chapter describes, justifies, presents the pros and cons of and illustrates the use of simulation modeling as a handy, cost-effective and agile tool for policymakers. Simulation modeling is flexible enough to accommodate different levels of detail, precision and time frameworks. It also serves the purpose of a concrete communication platform that facilitates scenario analysis, what-if alternatives and forward looking. We specifically define agent-based modeling within the larger simulation domain, provide a brief overview of other computation modeling methodologies and discuss the concepts of multiple models, verification, validation and calibration. The conceptual framework section closes with a discussion of advantages and disadvantages of using simulation modeling for policy at various stages of implementation. Finally, we present a panorama of actual applications of simulation modeling in policy, with an emphasis on economic analysis.
Opis fizičkog objekta:1 electronic resource (12 p.)
ISBN:9781003163954-27
9780367757748
9780367757809
Pristup:Open Access