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Agent based modelling as a decision support system for shadow accounting

Chesney, Thomas; Gold, Stefan; Trautrims, Alexander

Authors

Thomas Chesney chesney.thomas@nottingham.ac.uk

Stefan Gold stefan.gold@nottingham.ac.uk

Alexander Trautrims



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.

Journal Article Type Article
Publication Date Mar 31, 2017
Journal Decision Support Systems
Print ISSN 0167-9236
Electronic ISSN 1873-5797
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 95
APA6 Citation Chesney, T., Gold, S., & Trautrims, A. (2017). Agent based modelling as a decision support system for shadow accounting. Decision Support Systems, 95, doi:10.1016/j.dss.2017.01.004
DOI https://doi.org/10.1016/j.dss.2017.01.004
Keywords Minimum wage, Social compliance, Auditing, accountability
Publisher URL http://www.sciencedirect.com/science/article/pii/S0167923617300118
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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