Foundations and Methods of Simulation
The increasing feasibility and popularity of applying simulation for planing, analyzing, and optimizing complex systems is a result of computational advances, e.g., web-based cloud computing and GPU computing (Nance and Sargent, 2002). In this regard, simulation has been established as a third pillar of science between induction and deduction (Axelrod, 1997). It is used amongst various disciplines and no longer limited to natural or information sciences such as information systems research (Hudert et al., 2010).
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