Service Analytics Research Group

From Toys to Tools – Calibrating Agent-Based Simulations for Business Decision Support

This project aims to create a methodological framework to effectively and efficiently calibrate agent-based simulations that can support business decisions. The overarching objective is to move the methodology of agent-based simulations in business research one step closer to that of simulations in the natural sciences: By enabling more rigorous, quantitative validation, new methods of calibration will make such simulations more credible and thereby make them a more useful research tool.