Management Use of Computerized Micro-Analytic Behavioral Simulations: Working Paper, March 1966 (Classic Reprint) - Tapa dura

Sinopsis

Excerpt from Management Use of Computerized Micro-Analytic Behavioral Simulations: Working Paper, March 1966

During the last decade significant progress has been made in measuring behavior within the market place and in relating management actions to market responses. Quantitative representations of important aspects of market behavior have been developed and validated. Management knowledge and assumptions of competitive interactions have been translated into models which can be tested. Computerized micro-analytic simulations based on these models have generated behavior closely approximating that observed under comparable conditions in real world markets.

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