Purpose: Manufacturing systems include a complicated combination of resources, such as materials, labors, and machines. Hence, when the manufacturing systems are faced with a problem related to the availability of resources it is difficult to identify the root of the problem accurately and...

Following the framework in Oliva et al. 1987, GEMCAT II implements a flexible method to test catastrophe models containing multivariate (i.e., latent) variables while allowing for a priori variable specifications. The system uses an efficient hybrid minimization algorithm combining the Downhill...

When running agent-based simulations using ready-made components, one usually faces heterogenity problems both for the agents implementation and for the underlying platform. To circumvent these kind of hindrances, we introduce a wrapper technique for mapping the functionality of agents living in...

Das ZEW und die Universität Mannheim haben mit ihrem Computersimulationsprogramm "European TaxAnalyzer" die Auswirkungen der Steuerreformen in Deutschland und in Frankreich für eine repräsentative mittelständische Kapitalgesellschaft des verarbeitenden Gewerbes untersucht...

ERP Systems are developed to assist information management and analysis to organisations for gaining business advantage. Although ERP systems claim to produce competitive advantage for companies investing on ERP, it is still questionable (See [9]: Powell, 1997). This is also valid for IT in...

This paper extends traditional payment system simulation analysis to counterparty liquidity risk exposures. The used stress test scenario corresponds to the counterparty stress scenario applied in the BCBS standard "Monitoring tools for intraday liquidity management" (BIS, 2013). This stress...

A key problem of construction firms' management and economy is organization of effective participation in public tenders. The direct executor, who determines the price of the contract, may be interested in obtaining as many contracts as possible. It means that his strategic behavior in tender...

In diesem Beitrag stellen wir ein Konzept greifbarer, gegenständlicher Benutzungsschnittstellen vor. Es werdenÜbergänge zwischen dem Modellieren im Realen und dem Erstellen virtueller Modelle geschaffen. Synchronzum gegenständlichen Modell entsteht ein virtuelles Abbild, das für Simulation,...

The computational properties of an econometric method are fundamentaldeterminants of its importance and practical usefulness, in conjunction withthe method’s statistical properties. Computational methods in econometricsare advanced through successfully combining ideas and methods in...