Concept information
Preferred term
simulation modeling
Definition
- We are all familiar with scale models, which represent the salient features of the scheme being studied. Typical examples would be the day-to-day operations of a financial institution, an office or factory, or the performance of a share portfolio. [Source: Encyclopedia of Business in Today's World; Simulation Modeling]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/simulation_modeling
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