INFOTECH IN A GLOBAL ECONOMY – SUBJECT

INFOTECH IN A GLOBAL ECONOMY – SUBJECT

 Chapter 6 –  “Features and Added Value of Simulation Models Using Different Modelling Approaches Supporting Policy-Making: A Comparative Analysis”  

Chapter 6 indicates that none of the theories and models alone could address all aspects of complex policy making interactions in a comprehensive manner, which suggests the need for the development of hybrid simulation models. However, there are some challenges associated with building such hybrid simulation models. Based on the assigned readings, lecture, and additional research, what are some of the key challenges associated with developing and applying hybrid simulation models to policy making process and what are your recommendations to address your identified challenges?