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The author: Emelyanov A.     Published in № 3(45) 19 june 2013 year
Rubric: Theory and practice

Designing extreme experiments based on simulation models

An extreme experiment design methods based both on fullscale models and physical and mathematical models of technological, physical and chemical processes are widely used in industrial environment. However, they are rarely used by mathematical economists while formulating experiments based on economic processes simulations. The reason for it is a time passed since the simulation methodology has been adapted to economics which is too small compared to other application areas.

Key words

Extreme experiment design, computer models, simulation of economy processes

The author:

Emelyanov A.


Dr of Economy, Professor, National Research University MPEI