Title :
A simple model for business simulations
Author_Institution :
General Electric Co., Schenectady, NY, USA
fDate :
5/1/1975 12:00:00 AM
Abstract :
A business model is developed, based on the ideas of behavioral modeling, and two typical businesses are simulated including representations of environments and management strategies. The model is intended as a flexible framework for simulations useful in planning and is easily modified to represent particular situations, operating criteria, and available information. The performances of the two businesses are computed for a number of combinations of environment and management strategy.
Keywords :
management science; manufacturing administrative data processing; simulation; business simulations; environments; management strategies; model; planning; Computational modeling; Data models; Investments; Marketing and sales; Materials; Production;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1975.6447206
