Business Simulations - Algorithms and Model Enhancements: A 25 Year Review


  • Steven C. Gold
  • Thomas F. Pray


As part of the 25th Anniversary of ABSEL, the presenters will revisit the ABSEL papers and S&GA articles that have dealt extensively with business simulation development and algorithm advancement. The authors will present a conceptual framework for investigation of algorithm and model enhancements. The framework will focus on the following major topical areas: (i) algorithm validity, (ii) performance measures, (iii) contemporary and "hot" modeling topics, (iv) operations and technology algorithm enhancements, (v) marketing and demand algorithm enhancements, (vi) finance and accounting model enhancements, and (vii) decision support systems over time.