In this paper, we introduce a small-scale heterogeneous agent-based model of the US corporate bond market. The model includes a realistic micro-grounded ecology of investors that trade a set of bonds through dealers. Using the model, we simulate market dynamics that emerge from agent behaviors...

In many organizations, both business and scientific, we collect ever increasing amountsof data using information technology. Indeed, the technology for collecting data hasoutpaced our ability to analyze and interpret these very large databases. In this paper,we discuss the interaction of...

Re-engineering or business process redesign has becomevery popular. This paper presents a clear description ofre-engineering and contrasts it with incremental change insystems. The paper also develops a framework for comparingtwo related systems. The framework is applied to a casestudy of the...

Re=engineering or business process redesign has become very popular. This paper presents a framework for comparing and evaluating re-engineering efforts. The framework is applied to a case study of the re-engineering of the securities processing function at Merrill Lynch. The paper compares the...

This paper presents an analytic framework for comparing data flowdiagrams based on five dimensions: control points, process automation,data aggregation, resource usage, and raw counts. Our goal wasto develop some simple quantitative metrics that are appropriate forcomputer-aided system...