Agent based modelling as a decision support system for shadow accounting

Chesney, Thomas; Gold, Stefan; Trautrims, Alexander

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.

Citation

Chesney, T., Gold, S., & Trautrims, A. (2017). Agent based modelling as a decision support system for shadow accounting. Decision Support Systems, 95, https://doi.org/10.1016/j.dss.2017.01.004

• Journal Article Type: Article
• Acceptance Date: Jan 17, 2017
• Online Publication Date: Jan 21, 2017
• Publication Date: Mar 31, 2017
• Deposit Date: Feb 8, 2017
• Publicly Available Date: Feb 8, 2017
• Journal: Decision Support Systems
• Print ISSN: 0167-9236
• Electronic ISSN: 1873-5797
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 95
• DOI: https://doi.org/10.1016/j.dss.2017.01.004
• Keywords: Minimum wage, Social compliance, Auditing, accountability
• Public URL: https://nottingham-repository.worktribe.com/output/852968
• Publisher URL: http://www.sciencedirect.com/science/article/pii/S0167923617300118
• Contract Date: Feb 8, 2017