Rumyantsev, Mikhail I. (2011): Simulation of financial institutions activity in transitional economies. Published in: Proceedings of Regional Conference “Actual Issues of Modern Economic Science and International Relations” in Dnepropetrovsk, Ukraine, November 25-26, 2011 , Vol. 2, (26. November 2011): pp. 53-63.
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The paper reviews the concepts of system dynamics and its applications to the simulation modeling of financial institutions daily activity. While widely applicable, the approach is of a particular interest in transitional and developing economies. The hybrid method of banking business processes re-engineering based on a combination of system dynamics, queuing theory and ordinary differential equations (Kolmogorov equations) is introduced. By the way of method illustration, we consider the promotion of a set of banking products among some categories of clients.
|Item Type:||MPRA Paper|
|Original Title:||Simulation of financial institutions activity in transitional economies|
|Keywords:||banking; simulation; system dynamics; Kolmogorov equations|
|Subjects:||C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C15 - Statistical Simulation Methods: General
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Mikhail I. Rumyantsev|
|Date Deposited:||08. Dec 2011 18:25|
|Last Modified:||20. Feb 2013 12:31|
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