Paper Info
Title
An actor-model based bottom-up simulation: an experiment on indian demonetisation initiative
Abstract
The dominance of cash-based transactions and relentless growth of a shadow economy triggered a fiscal intervention by the Indian government wherein 86% of the total cash in circulation was pulled out in a sudden announcement on November 8, 2016. This disruptive initiative resulted into prolonged cash shortages, financial inconvenience, and crisis situation to cross-section of population of the country. Overall, the initiative has faced a lot of criticism as being poorly thought through and inadequately planned. We claim that these emerging adverse conditions could have been anticipated well in advance with appropriate experimental setup. We further claim that the efficacy of possible courses of actions for managing critical situations, and probable consequences of the courses of action could have been estimated in a laboratory setting. This paper justifies our claims with an experimental setup relying on what-if analysis using an actor-based bottom up simulation approach.
Year
DOI
Venue
2017
10.5555/3242181.3242247
WSC '17: Winter Simulation Conference Las Vegas Nevada December, 2017
Keywords
Field
DocType
critical situation management,Indian demonetisation initiative,prolonged cash shortages,disruptive initiative,Indian government,fiscal intervention,shadow economy,relentless growth,transactions,actor-model based bottom-up simulation,simulation approach,emerging adverse conditions,criticism,crisis situation,financial inconvenience
Population,Criticism,Systems engineering,Computer science,Top-down and bottom-up design,Adverse conditions,Actor model,Finance,Economic shortage,Cash,Government
Conference
ISSN
ISBN
Citations 
0891-7736
978-1-5386-3427-1
0
PageRank 
References 
Authors
0.34
7
4
Name
Order
Citations
PageRank
Souvik Barat16113.20
Vinay Kulkarni231445.93
Tony Clark38822.46
Balbir Barn400.68