This paper presents a methodology to study the effect of different resolution strategies on the value of the investment in a project-specific dispute resolution ladder (DRL) using option/real option theories from financial engineering, process centric modeling, and system dynamics methodology.
Agent-based modeling and simulation (ABMS) is a new approach to modeling systems comprised of autonomous, interacting agents. Computational advances have made possible a growing number of agent-based models across a variety of application domains. Applications range from modeling agent behavior in the stock market, supply chains, and consumer markets, to predicting the spread of epidemics, mitigating the threat of bio-warfare, and understanding the factors that may be responsible for the fall of ancient civilizations.
In the old days, the price for IT services was formed in a pretty standardized way. Network services had an explicit usage price per Kbit/ sec. The range of provided IT services have been growing very fast and have reached new dimensions of complexity. From infrastructure pricing to web-enabled application availability and performance nowadays the old rules for defining service pricing is not applicable any more. Today it is difficult or sometime even impossible to associate the provided service levels with the cost related to the processes of operation, maintenance and the capital cost behind it. The old measures of dollars per Kbit/sec cannot be the right measure any more.
This paper presents a hybrid simulation model for the management of an eye condition called age-related macular degeneration, which particularly affects the elderly. The model represents not only the detailed clinical progression of disease in an individual, but also the organization of the hospital clinic in which patients with this condition are treated and the wider environment in which these patients live (and their social care needs, if any, are met). The model permits a ‘whole system’ societal view which captures the interactions between the health and social care systems