North American Actuarial JournalVolume 1, Issue 3, 1997 Stephen J. Strommen FSA
Object-oriented design has evolved as a means for dealing with very complex software systems. This paper outlines some of the fundamental concepts of the object-oriented approach and applies them to the design of a dynamic simulation model of a financial institution. A sample design for a simulation model is presented, including a description of the objects involved and the way they interact.
The paper closes with a discussion of the advantages of object-oriented design, not only in the context of the model presented here but also in the broader context of dynamic modeling in general.
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