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Economics/Finances Mark Harlimann - Dealing with Real-World Complexity

Posted on 2010-03-16




Name:Economics/Finances Mark Harlimann - Dealing with Real-World Complexity
ASIN/ISBN:3834914932
Language:English
File size:2.09 Mb
Publisher: Gabler
Publish Date: 2009-03-01
ISBN: 3834914932
File Type: PDF
Pages: 282 pages
File Size: 2.09 MB
   Economics/Finances Mark Harlimann - Dealing with Real-World Complexity

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Mark Harlimann - Dealing with Real-World Complexity

The increasing complexity of our environment, the globalization of diverse business processes and their intercultural embedment create challenges, higher risks and hence interdependency between a growing number of participants. This is undoubtedly reflected in the current financial crisis and its spill-over into the global economic downturn. This business and political environment leads to complex decision-making and, therefore, a need for powerful tools to find sustainable solutions. The field of system dynamics has introduced models that imitate complex decision environments. The reality, however, has shown that such models are often either too relaxed or too formalized because the information is hardly ever available in the requested accuracy.

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