Simulation Modelling for Business Research
March, 1.-11., 2021
face to face time: March, 1., 4., 8., 11.:
Business research increasingly considers wicked problems and complex dynamic systems. Analytical models of such problems and systems quickly become untraceable and unsolvable. Given increasing computational power, simulation models provide an alternative tool. They can fuel studies tracing the long-term evolution of systems and comparing the outcomes of alternative scenarios. However, successfully applying simulation modelling for business research requires expertise on applicable simulation paradigms, approaches to model validation and the analysis of stochastic results.
Prof. Dr. Catherine Cleophas, Christian-Albrechts-Universität zu Kiel