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arXiv · 0912.1037

About Some Applications of Kolmogorov Equations to the Simulation of Financial Institutions Activity

Mikhail I. Rumyantsev
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Abstract

The goal of this article is to describe the concepts of system dynamics and its applications to the simulation modeling of financial institutions daily activity. The hybrid method of the re-engineering of banking business processes based upon combination of system dynamics, queuing theory and tools of ordinary differential equations (Kolmogorov equations) is offered.

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BibTeXRIS

Mikhail I. Rumyantsev. 2009-12-05. About Some Applications of Kolmogorov Equations to the Simulation of Financial Institutions Activity. https://arxiv.org/abs/0912.1037

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