The Community for Technology Leaders
Winter Simulation Conference (2006)
Monterey, CA
Dec. 3, 2006 to Dec. 6, 2006
ISBN: 1-4244-0500-9
pp: 660-666
H.R.A. Alvarez , Technol. Univ. of Panama
D. Solis , Technol. Univ. of Panama
ABSTRACT
The expansion of the Panama Canal could be the largest project attempted by the Republic of Panama in its 100 years of existence. The objective of this simulation study is to use the canal expansion project to develop and demonstrate how more precise and applied concepts involving the complex decision making processes can be used in large "system of systems". It is an attempt to explain the decision making process for complex systems, and to develop a model that will help with the political, social and economic decision making processes involved in this very large project. Challenges involved in this research initiative included developing the parametric expressions that explain the dynamical intricacies and validation of the expansion project. A hybrid system is also proposed by using different types of simulation and mechanisms such as neural networks to incorporate some of the societal/political parameters
INDEX TERMS
economic decision making, system dynamics simulation, Panama canal, canal expansion project, complex decision making processes, neural networks, societal parameter, political parameters
CITATION

D. Solis, A. Cano, S. Sala-Diakanda and H. Alvarez, "System Dynamics Simulation of the Expansion of the Panama Canal," 2006 Winter Simulation Conference(WSC), Monterey, CA, 2006, pp. 660-666.
doi:10.1109/WSC.2006.323143
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