System dynamics and agent-based modeling are compared as two conceptually different approaches to model complex dynamic systems. The two methodologies are evaluated in terms of ease of modeling, efficacy, and extensibility of model complexity. A set of experiments was performed to find that each methodology has unique advantages and that it is possible to make an appropriate choice based on the problem at hand. It is suggested that there exist promising opportunities for a cooperative approach that exploits advantages from both methodologies.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Trifonov, Iavor Nikolaev

Publisher

• Worcester Polytechnic Institute

Identifier

• 03A013M

Advisor

• Saeed, Khalid

Year

• 2003

Sponsor

• Icosystem Corporation

Date created

• 2003-01-01

Resource type

• Major Qualifying Project

Major

• Computer Science

Rights statement

• In Copyright

License

• All rights reserved