Simulation Modeling
Simulation Modeling

Author: Constantin Volosencu

Publisher: BoD – Books on Demand

Published: 2022-01-19

Total Pages: 268

ISBN-13: 1839696834

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The book presents some recent specialized works of a theoretical and practical nature in the field of simulation modeling, which is being addressed to a large number of specialists, mathematicians, doctors, engineers, economists, professors, and students. The book comprises 11 chapters that promote modern mathematical algorithms and simulation modeling techniques, in practical applications, in the following thematic areas: mathematics, biomedicine, systems of systems, materials science and engineering, energy systems, and economics. This project presents scientific papers and applications that emphasize the capabilities of simulation modeling methods, helping readers to understand the phenomena that take place in the real world, the conditions of their development, and their effects, at a high scientific and technical level. The authors have published work examples and case studies that resulted from their researches in the field. The readers get new solutions and answers to questions related to the emerging applications of simulation modeling and their advantages.

Simulation in Computational Finance and Economics: Tools and Emerging Applications
Simulation in Computational Finance and Economics: Tools and Emerging Applications

Author: Alexandrova-Kabadjova, Biliana

Publisher: IGI Global

Published: 2012-08-31

Total Pages: 459

ISBN-13: 1466620129

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Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years. Despite the fact that simulation is widely accepted as a prominent tool, dealing with a simulation-based project requires specific management abilities of the researchers. Economic researchers will find an excellent reference to introduce them to the computational simulation models. The works presented in this book can be used as an inspiration for economic researchers interested in creating their own computational models in their respective fields.

Economy—Energy—Environment Simulation
Economy—Energy—Environment Simulation

Author: K. Uno

Publisher: Springer Science & Business Media

Published: 2005-12-08

Total Pages: 342

ISBN-13: 0306475499

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In the policy arena, as well as in the academic world, a new challenge is having to deal with the global community. We are increasingly aware that the world is linked through economy–energy–environment interactions. We are increasingly aware, at the same time, that the emergence of the global community does not imply an integrated harmonious world; rather, it is a community where co- tries/regions of different interests and values face each other directly. Global governance has to be achieved through actions of national governments under different motives and constraints. We need to have an analytical tool that is capable of producing a global picture, yet with detailed country resolution. If the world is a better place now compared to 100 years ago in terms of p- capita income, this is due to the industrialization that continued throughout the 20th century. We entered the 21st century knowing that the human aspiration that translates into ever-increasing production may not be tenable in the long run. Sustainability of the global community is at stake. In contrast to inc- mental decision making through the market mechanism that should lead to some optimal state under some assumptions such as perfect knowledge, smooth movement of resources, no externalities, and so forth, we need to have an a- lytical tool to provide us with details of the future state of the world.

Modeling Developing Countries' Policies In General Equilibrium
Modeling Developing Countries' Policies In General Equilibrium

Author: Jaime De Melo

Publisher: World Scientific

Published: 2015-02-26

Total Pages: 554

ISBN-13: 9814494828

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Policies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.

The Uruguay Round and the Developing Economies
The Uruguay Round and the Developing Economies

Author: Will Martin

Publisher: World Bank Publications

Published: 1995-01-01

Total Pages: 480

ISBN-13: 9780821334690

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Agricultural liberalization and the Uruguay round; The Uruguay round: an assessment of economywide and agricultural reforms; Trade in manufactures: the outcome of the Uruguay round and developing country interest; Liberalizing manufactures trade in changing world economy; The Uruguay round and market access: opportunities and challenges for developing countries; Assessing the Uruguay round.

Macroeconomic Modeling And Policy Analysis For Less Developed Countries
Macroeconomic Modeling And Policy Analysis For Less Developed Countries

Author: Mohammed F Khayum

Publisher: Routledge

Published: 2019-03-07

Total Pages: 217

ISBN-13: 0429714734

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This book provides an overview of macroeconometric modeling for less developed countries, a description of the structure and performance of Guyana's economy, an empirical testing of the model using annual data for Guyana, and a simulation approach to policy evaluation.

Modelling Macroeconomic Adjustment with Growth in Developing Economies
Modelling Macroeconomic Adjustment with Growth in Developing Economies

Author: Sushanta K. Mallick

Publisher: Routledge

Published: 2018-08-13

Total Pages: 167

ISBN-13: 0429834160

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First published in 1999, this influential volume explores Macroeconomic Adjustment with a particular focus on India. Its inspiration originated from the introduction of stabilisation and structural adjustment policies in India in 1991. Mallick examines the application of this policy package by the International Monetary Fund and the World Bank to Developing Economies. First looking at the initial conditions and generators of imbalances, the appropriate policy framework for India’s initial conditions and structural characteristics is considered. While the effectiveness of the IMF had been strongly criticised, Mallick explains how it could be used more effectively. He argues that the programs applied are often contradictory and, using India as an example, examines the effects of policy reform on its trade sector, the repercussions on the direct economy and the costs associated with such policies in restoring stability and future economic growth, with particular support for the Vector Autoregression (VAR) framework. Mallick forwards a new structural model for policy purposes, evaluated for overall performance and optimal control.

Developing Successful Health Care Education Simulation Centers
Developing Successful Health Care Education Simulation Centers

Author: Pamela R. Jeffries

Publisher: Springer Publishing Company

Published: 2011-08-08

Total Pages: 179

ISBN-13: 0826129544

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Over two thirds of magnet hospitals in the United States use simulation in staff education programs, and many educators have introduced simulation into their nursing and healthcare curricula. This highly practical volume meets a growing need for guidelines on planning, organizing, and implementing a health care education simulation center, using the collaborative and cost effective consortium model.

Pro-poor Growth and Liberalization in Developing Economies
Pro-poor Growth and Liberalization in Developing Economies

Author: Sanjaya Acharya

Publisher: Routledge

Published: 2013-03-01

Total Pages: 241

ISBN-13: 1136671641

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By looking at the link between trade liberalization and pro-poor growth in Nepal, this book explores how a developing and transition economy can attain higher and pro-poor growth along with the ongoing trend of globalization. The author develops a social accounting database for Nepal and applies it to quantify computable general equilibrium (CGE) model to investigate the trade-offs between growth and distribution that are associated with opening up the economy and deregulating it. The book presents a number of pragmatic scenarios that bring about the desired pro-poor growth effects in order to demonstrate possible outcomes for policy making. The research findings apply to other economies with similar macroeconomic structure to Nepal; those small economies with a dominant, traditional, and stagnant agriculture; fragile industrial base, weak and volatile external sector, and almost half of the population living below the poverty line. This book will be of considerable interest to students and scholars in the areas of development economics, political economy of policy reforms, and trade and poverty with special emphasis on South Asia.