Agent based modelling as a decision support system for shadow accounting

Chesney, Thomas and Gold, Stefan and Trautrims, Alexander (2017) Agent based modelling as a decision support system for shadow accounting. Decision Support Systems, 95 . pp. 110-116. ISSN 1873-5797

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Abstract

We propose the use of agent based modelling to create a shadow account, that is, a secondary account of a business which is used to audit or verify the primary ac¬count. Such a model could be used to test the claims of industries and businesses. For example, the model could determine whether a business is generating enough funds to pay minimum wage. Parameters in the model can be set by observation or a range of values can be tested to determine points at which enough revenue could be generated. We illustrate the potential of agent based modelling as a tool for shadow accounting with a case study of a car wash business.

Item Type: Article
Keywords: Minimum wage, Social compliance, Auditing, accountability
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
Identification Number: 10.1016/j.dss.2017.01.004
Depositing User: Howis, Jennifer
Date Deposited: 08 Feb 2017 11:50
Last Modified: 14 Oct 2017 23:44
URI: http://eprints.nottingham.ac.uk/id/eprint/40415

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