DocumentCode :
693966
Title :
Simulation and Optimization of Decision-Making of Organizations´ Safety Investment
Author :
Hao Ding ; Yuming Zhu ; Xiaofeng Xu
Author_Institution :
Sch. of Econ. & & Manage., China Univ. of Pet., Qingdao, China
fYear :
2013
fDate :
14-16 Nov. 2013
Firstpage :
586
Lastpage :
590
Abstract :
System dynamics is a quantitative method used to study the complex social economic system by means of computer simulation technology. In this paper, the system dynamics was introduced to build security economic decision-making model for enterprises. With the method of system thinking, the influence factors of safety investment system are identified and the casual relationships between various factors are found to determine the internal influence mechanism that the safety investment impacts on the accident risk and economic output. Based on accident control theory and system dynamic modeling system, the system of security economic decision-making was built, including enterprise production subsystem, employee security subsystem and technology and equipment subsystem. Finally, Vensim system dynamics modeling software was used to simulate the built model. Then the proportion of enterprises´ safety resource allocation was adjusted to seek for the optimal investment plan.
Keywords :
decision making; digital simulation; investment; organisational aspects; risk analysis; safety; socio-economic effects; Vensim system dynamics modeling software; accident control theory; accident risk; complex social economic system; computer simulation technology; decision-making optimization; economic output; employee security subsystem; enterprise production subsystem; enterprise safety resource allocation; enterprises; equipment subsystem; internal influence mechanism; optimal investment plan; organizations safety investment; safety investment system; security economic decision-making model; system dynamic modeling system; system dynamics; technology subsystem; Decision making; Economics; Education; Investment; Mathematical model; Production; Safety; decision optimization; system dynamics; words-safety investment;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Business Intelligence and Financial Engineering (BIFE), 2013 Sixth International Conference on
Conference_Location :
Hangzhou
Print_ISBN :
978-1-4799-4778-2
Type :
conf
DOI :
10.1109/BIFE.2013.122
Filename :
6961206
Link To Document :
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