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Agent based modeling focuses on the individual active components of a system. This is in contrast to both the more abstract system dynamics approach, and the process-focused discrete event method. With agent based modeling, active entities, known as agents, must be identified and their behavior defined. They may be people, households, vehicles, equipment, products, or companies, whatever is relevant to the system. Connections between them are established, environmental variables set, and simulations run. The global dynamics of the system then emerge from the interactions of the many individual behaviors. AnyLogic combines professional discrete event, system dynamics, and agent based modeling in one platform for efficient, no compromise results. In our white paper, Multimethod Simulation Modeling for Business Applications, we investigate these three main simulation modeling approaches and construct a multimethod model example to illustrate the advantages of multimethod simulation modeling. Read the white paper and see why hybrid models are always a better choice!
- Course related:
- CE631 Simulation and IT Applications in Construction
- Subjects:
- Business Information Technology and Computing
- Keywords:
- Computer simulation Multiagent systems System analysis -- Data processing
- Resource Type:
- Others
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Video
In just two decades Vietnam's exports have skyrocketed. In the same time period, their GDP per capita also took a big jump from from 3 And, this is probably the only nation in Southeast Asia whose economy remained in a good shape despite the pandemic.
In 1986 Vietnam launched a political and economic innovation campaign Doi Moi that introduced reforms intended to facilitate the transition from a centralized economy to a "socialist-oriented market economy. Doi Moi combined government planning with free-market incentives. This was similar to what China was doing at that time. At first the program abolished agricultural collectives, removed price controls on agricultural goods, and enabled farmers to sell their goods in the marketplace. It encouraged the establishment of private businesses and foreign investment, including foreign-owned enterprises. By the late 1990s, the success of the business and agricultural reforms under Doi Moi was incredible. More than 30,000 private businesses had been created, and the economy was growing at an annual rate of more than 7 percent. From the early 1990s to 2005, poverty declined from about 50 percent to 29 percent of the population. However, progress varied geographically, with most development concentrated in urban areas. While the country has shifted toward a more market-oriented economy, the Vietnamese government still continues to hold a tight rein over major sectors of the economy, such as the banking system, state-owned enterprises, and areas of foreign trade.
Also from the last 20-30 years Vietnam invested a lot in its human capital and infrastructure. Vietnam made large public investments in primary education. This was necessary, as a growing population also means a growing need for jobs. But Vietnam also invested heavily in infrastructure. And those investments paid off, with the necessary infrastructure and with market-friendly policies in place, Viet Nam became a hub for foreign investment and manufacturing in Southeast Asia.
Yet despite becoming an industrial giant, Vietnam's agricultural sector is still a major pillar of the economy. Agriculture represents 14% of GDP and employs 36% of the total workforce in 2020. Whereas Industry contributed 34.5% of GDP and employed 28% of the total workforce. Service sector represented 41.6% of GDP and employed 35% of the total workforce.
Now if you look at the trade. Today China is Vietnam’s leading trading partner with a total import and export value of US$106.7 billion, making up 22.2% of the country’s total imports and exports. Apart from China, South Korea and the US combined makes 26% of total trade which is value's 120 billion dollars.
The International trade agreements of the country have been playing a good role. In 1995, Vietnam joined the Asean free trade area. Then in the year 2000, they signed a free trade agreement with the US, and in 2007 joined the World Trade Organization. While having trade agreements with China, India, Japan and Korea. And how can we forget the recently amended Trans-Pacific Partnership. These agreements are helping the country to climb up in the value chain of the world economy.
So at the end, we can say that, in the past 30 years Vietnam has achieved tremendous growth and it is still one of the fastest growing economies. And even with all these challenges, Vietnam has potential to join the club of the high income status. And who know someday they could get near the ranks of China.
- Course related:
- AF2602 Global Economic Environment
- Subjects:
- Finance and Economics
- Keywords:
- Vietnam Economic history
- Resource Type:
- Video
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MOOC
Whether you are a university student trying to make sense of a difficult major course project or struggling to add value during your internship placement; or you are practicing manager struggling to find a resolution to a complex problem, issue or challenge, this course will guide you through a framework designed to help you open up the alternatives. Through this structured framework designed to help you better deal with your unstructured problems, you will learn BETTER, learn FASTER and learn MORE than you are used to. In essence, this short course will help you “HOW” to learn to (un)learn during knowledge transfer.
- Subjects:
- Management
- Keywords:
- Problem solving Dice games
- Resource Type:
- MOOC
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e-journal
In this journal platform, you can find the articles which published under the Creative Commons Attribution-NonCommercial 4.0 International License. The journal covers a various disciplines, including:
Biomedical & Life Sciences
Business & Management
Chemistry & Material Science
Computer & Communications
Earth & Environmental Science
Engineering
Humanities
Physics & Mathematics
Social Sciences
- Subjects:
- Management, Physics, Chemistry, Computing, Mathematics and Statistics, Biology, and Environmental Sciences
- Keywords:
- Industrial management Computer science Management Physics Mathematics Social Sciences Chemistry Engineering Environmental sciences Humanities Biology
- Resource Type:
- e-journal
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e-journal
Maxwell Scientific Publication Corp. operates as an independent science and technology publisher with a global reputation for quality products and services to contribute to the advancement of research knowledge. In this journal platform, you can find the articles which published under the open license. The journal including the disciplines:
Agricultural Sciences
Business Management & Economics Computer & Information Technology
Engineering
Food Science and Technology
Mathematics
Medicines
Social Sciences
- Subjects:
- Health Sciences, Environmental Sciences, Physics, Economics, Chemistry, Computing, Mathematics and Statistics, Biology, Management, Medicine, and Food Science
- Keywords:
- Statistics Science Periodicals Industrial management Food science Agriculture Fisheries Medicine Mathematics Life sciences Economics Technology Dairying Social sciences Environmental sciences Engineering Aquatic sciences Information technology Food industry trade
- Resource Type:
- e-journal
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e-journal
In this journal platform, you can find the articles which published under the open license. The journal including the disciplines:
Biomedical & Life Science
Business & Economics
Chemistry & Materials Science
Computer Science & Communication
Earth & Environmental Science
Engineering
Medicine & Healthcare
Physics & Mathematics
Social Science & Humanities
- Subjects:
- Health Sciences, Environmental Sciences, Physics, Economics, Chemistry, Computing, Mathematics and Statistics, and Biology
- Keywords:
- Science Periodicals Industrial management Computer science Physics Mathematics Life sciences Economics Technology Chemistry Social sciences Environmental sciences Engineering Materials science Medicine
- Resource Type:
- e-journal
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e-journal
In this journal platform, you can find the articles which published under the open license. The journal including the disciplines:
Agriculture Sciences
Environmental Sciences
Social Sciences
Computer Science
- Subjects:
- Marketing, Finance, Environmental Sciences, Economics, Computing, Accounting, Management, and E-Commerce
- Keywords:
- Electronic commerce Marketing Periodicals Industrial management Agriculture Computer science Management Economics Social sciences Environmental sciences Information technology Accounting Finance
- Resource Type:
- e-journal
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e-book
"This book is based on the idea that there is a particular framework used by economists to interpret observed reality. This framework has been called the economic way of thinking, the economic approach, and the method of economics. This book is different from the many other books that attempt to teach microeconomics in three ways: It explicitly applies the recipe of the economic approach in every example
- Subjects:
- Economics
- Keywords:
- Microeconomics Microsoft Excel (Computer file)
- Resource Type:
- e-book
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e-book
"This textbook is an adaptation by Athabasca University of the original text written by D. Annand and H. Dauderis. It is intended for use in entry-level college and university courses in financial accounting. A corporate approach is utilized consistently throughout the book. The adapted textbook includes multiple ancillary student and instructor resources. Student aids include solutions to all end-of-chapter questions and problems, and randomly-generated spreadsheet problems that cover key concepts of each chapter. These provide unlimited practice and feedback for students. Instructor aids include an exam bank, lecture slides, and a comprehensive end-of-term case assignment. This requires students to prepare 18 different year-end adjusting entries and all four types of financial statements, and to calculate and analyze 16 different financial statement ratios. Unique versions can be created for any number of individual students or groups. Tailored solutions are provided for instructors"--BC Campus website.
- Subjects:
- Accounting
- Keywords:
- Accounting Textbooks
- Resource Type:
- e-book
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e-book
"This book is organized around the fifteen lessons of a Technical Project Management course, with an emphasis on the connections between the various stages and practices of technical project management. After all, in practice, a project manager must continually draw on a wide base of knowledge, connecting, for instance, effective negotiating techniques with best practices for scheduling and resource allocation. No phase of a project unfolds in complete isolation from other phases of the project. Everything is connected. Our goal in this book is to create doors and windows in the normally self-contained silos of activities involved in technical project management, drawing connections between planning and risk management, between risk management and ethics, between ethics and supply chain management, just to name a few of the many connections you will read about in this book"--BCcampus website.
- Subjects:
- Management
- Keywords:
- Project management Leadership
- Resource Type:
- e-book