Development of Aspen: A microanalytic simulation model of the US economy

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This report describes the development of an agent-based microanalytic simulation model of the US economy. The microsimulation model capitalizes on recent technological advances in evolutionary learning and parallel computing. Results are reported for a test problem that was run using the model. The test results demonstrate the model`s ability to predict business-like cycles in an economy where prices and inventories are allowed to vary. Since most economic forecasting models have difficulty predicting any kind of cyclic behavior. These results show the potential of microanalytic simulation models to improve economic policy analysis and to provide new insights into underlying economic principles. ... continued below

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12 p.

Creation Information

Pryor, R.J.; Basu, N. & Quint, T. February 1, 1996.

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This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 28 times . More information about this report can be viewed below.

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  • Sandia National Laboratories
    Publisher Info: Sandia National Labs., Albuquerque, NM (United States)
    Place of Publication: Albuquerque, New Mexico

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Description

This report describes the development of an agent-based microanalytic simulation model of the US economy. The microsimulation model capitalizes on recent technological advances in evolutionary learning and parallel computing. Results are reported for a test problem that was run using the model. The test results demonstrate the model`s ability to predict business-like cycles in an economy where prices and inventories are allowed to vary. Since most economic forecasting models have difficulty predicting any kind of cyclic behavior. These results show the potential of microanalytic simulation models to improve economic policy analysis and to provide new insights into underlying economic principles. Work already has begun on a more detailed model.

Physical Description

12 p.

Notes

OSTI as DE96006817

Source

  • Other Information: PBD: Feb 1996

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  • Other: DE96006817
  • Report No.: SAND--96-0434
  • Grant Number: AC04-94AL85000
  • DOI: 10.2172/204675 | External Link
  • Office of Scientific & Technical Information Report Number: 204675
  • Archival Resource Key: ark:/67531/metadc665469

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • February 1, 1996

Added to The UNT Digital Library

  • June 29, 2015, 9:42 p.m.

Description Last Updated

  • April 13, 2016, 1:32 p.m.

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Pryor, R.J.; Basu, N. & Quint, T. Development of Aspen: A microanalytic simulation model of the US economy, report, February 1, 1996; Albuquerque, New Mexico. (digital.library.unt.edu/ark:/67531/metadc665469/: accessed October 18, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.