The use of computational models to simulate the decisions and interactions of individual agents within an economic environment, typically including consumers and firms.
Detailed exploration of CAE, encompassing simulation, validation, and optimization using software tools.
Comprehensive study on the movement patterns, behaviors, and interactions of individuals in large groups.
A digital twin is a virtual model of a physical object or system, used to simulate, predict, and optimize performance and maintenance needs in real-time.
Finite Element Analysis (FEA) is a computational technique used for predicting how structures will react to external forces. This method divides complex structures into smaller, manageable finite elements, allowing for detailed simulation and analysis.
A model in economics is a simplified system used to simulate aspects of the real economy. It helps analyze decision-making by firms, consumers, and governments and is crucial for understanding complex economic behaviors.
Shading is a fundamental technique used in computer graphics to simulate the effects of light and shadow on surfaces in 3D models.
An in-depth exploration of the use of quantitative models to simulate economic behaviors and policy impacts.
A digital or theoretical platform that mimics real stock market conditions for educational or training purposes.
An in-depth look at strategies designed to enhance the accuracy and precision of simulation results by decreasing variability.
An online simulation of an existing location, often used alongside show homes for remote buyers.
Virtual Trading involves trading assets in a simulated environment without real money, mainly for educational purposes.
Computer-Assisted Design (CAD) is an innovative computer-based method for creating detailed three-dimensional designs quickly and efficiently, which is essential for engineering and architectural professions due to its capacity to simulate real-world conditions.
The Management Assessment and Performance (MAP) Simulation is a technique that enables group members to define their task groups by choosing the most appropriate people for specific tasks, optimizing team dynamics, and enhancing management development training.
Modeling involves designing and manipulating mathematical representations to simulate economic systems or corporate financial applications for studying and forecasting the effect of changes.
Role playing is a training exercise where participants act out specified roles in a dramatization to achieve a better understanding of a situation via realistic simulation. It is widely used for educational and training purposes.
Statistical modeling involves creating mathematical representations of real-world processes, leveraging techniques like simulation to predict and analyze outcomes.
