About Some Applications of Kolmogorov Equations to the Simulation of Financial Institutions Activity
AbstractThe goal of this article is to describe the concepts of system dynamics and its applications to the simulation modeling of financial institutions daily activity. The hybrid method of the re-engineering of banking business processes based upon combination of system dynamics, queuing theory and tools of ordinary differential equations (Kolmogorov equations) is offered.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 0912.1037.
Date of creation: Dec 2009
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Web page: http://arxiv.org/
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-12-11 (All new papers)
- NEP-BAN-2009-12-11 (Banking)
- NEP-CMP-2009-12-11 (Computational Economics)
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- Rumyantsev, Mikhail I., 2011. "Гибридная Имитационная Модель Отделения Банка Как Системы Массового Обслуживания: Роль Человеческого Факто," MPRA Paper 48589, University Library of Munich, Germany.
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