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

Arnold E. Amstutz

9780666960955: Management Use of Computerized Micro-Analytic Behavioral Simulations: Working Paper, March 1966 (Classic Reprint)

Hardcover

ISBN 10: 066696095X ISBN 13: 9780666960955

Publisher: Forgotten Books, 2018

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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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