Rahmandad, Hazhir; Sterman, John - In: Management Science 54 (2008) 5, pp. 998-1014
When is it better to use agent-based (AB) models, and when should differential equation (DE) models be used? Whereas DE models assume homogeneity and perfect mixing within compartments, AB models can capture heterogeneity across individuals and in the network of interactions among them. AB...