GlossaryDefinition
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Simulation: Agent-based, System Dynamics, Accounting Framework, Game Theoretic Model; Other
, 1. Representation of a system with its dynamic processes in an experimentable model to reach findings which are transferable to reality; in particular, the processes are developed over time.
, 2. Note: In the broader sense, simulation refers to the preparation, execution and evaluation of targeted experiments with a simulation model.
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