Simulating the Response of a Small Open Politico-Economic System to International Crises: The Case of Switzerland
This paper applies some traditional management science tools to the study of Switzerland---a small country characterized by the openness of its politico-economic system to the outside world. Despite its apparent vulnerability to external influences, Switzerland has been able to maintain a remarkable degree of stability throughout the political and economic difficulties of the 1970's and 1980's. In order to help understand the main elements of this ability to absorb major international fluctuations as well as provide decision-makers with ways to analyze them and to investigate the impact of other possible developments, a simulation model of Switzerland has been constructed. This model (SIMSWISS) is based on a representation of the most important sectors of the Swiss politico-economic system, with special emphasis on their connections to the outside. SIMSWISS is constructed via a combination of dynamic simulation and optimization techniques which allow its user to check its accuracy as a representation of reality and to engage in the analysis of possible scenarios and alternative policies. An energy crisis scenario is used to illustrate how the model works and how it can be used to understand the functioning of the Swiss politico-economic system. We hope that this model will serve as the basis for a broader use of management science techniques in the study of other politico-economic systems.
Volume (Year): 33 (1987)
Issue (Month): 2 (February)
|Contact details of provider:|| Postal: |
Web page: http://www.informs.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:33:y:1987:i:2:p:270-287. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.