Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework

Bernd Wurth, Susan Howick, Niall MacKenzie

Research output: Contribution to conferenceAbstract

Abstract

Universities play an important role in the knowledge economy and entrepreneurship. In addition, an innovation ecosystem highly benefits from knowledge exchange activities by universities. However, the dynamics of such activities are yet to be investigated. The impact of such activities on both the university and the ecosystem has previously been investigated separately. System dynamics (SD) and agent-based modelling (ABM) are introduced as potential modelling approaches to address this issue. Our analysis shows that neither SD nor ABM can properly fill the gap based on insights from the existing body of literature. We propose a hybrid simulation that uses an integrated SD/ABM approach in which universities are represented as SD modules that shape the environment for the innovation ecosystem, represented as a set of agents. The SD feedback structure acknowledges and reflects the consequences of entrepreneurial activities for and the influence of the ecosystem on the university. As a result, this framework allows for the examination of interplays between the two. Extensions to this framework are highlighted to illustrate its usefulness to other problems that go beyond the field of academic entrepreneurship and innovation ecosystems.

Conference

Conference27th European Conference on Operational Research (EURO XXVII)
CountryUnited Kingdom
CityGlasgow
Period12/07/1515/07/15

Fingerprint

Simulation
Ecosystem
System dynamics
Entrepreneurial university
Innovation
Agent-based modeling
Entrepreneurial activity
Modeling
Knowledge economy
Knowledge exchange
Usefulness
Integrated system
Module
Entrepreneurship
Academic entrepreneurship

Keywords

  • knowledge economy
  • entrepreneurship
  • knowledge exchange
  • system dynamics
  • agent-based modelling
  • hybrid simulation

Cite this

Wurth, B., Howick, S., & MacKenzie, N. (2015). Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework. Abstract from 27th European Conference on Operational Research (EURO XXVII), Glasgow, United Kingdom.
Wurth, Bernd ; Howick, Susan ; MacKenzie, Niall. / Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework. Abstract from 27th European Conference on Operational Research (EURO XXVII), Glasgow, United Kingdom.
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abstract = "Universities play an important role in the knowledge economy and entrepreneurship. In addition, an innovation ecosystem highly benefits from knowledge exchange activities by universities. However, the dynamics of such activities are yet to be investigated. The impact of such activities on both the university and the ecosystem has previously been investigated separately. System dynamics (SD) and agent-based modelling (ABM) are introduced as potential modelling approaches to address this issue. Our analysis shows that neither SD nor ABM can properly fill the gap based on insights from the existing body of literature. We propose a hybrid simulation that uses an integrated SD/ABM approach in which universities are represented as SD modules that shape the environment for the innovation ecosystem, represented as a set of agents. The SD feedback structure acknowledges and reflects the consequences of entrepreneurial activities for and the influence of the ecosystem on the university. As a result, this framework allows for the examination of interplays between the two. Extensions to this framework are highlighted to illustrate its usefulness to other problems that go beyond the field of academic entrepreneurship and innovation ecosystems.",
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Wurth, B, Howick, S & MacKenzie, N 2015, 'Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework' 27th European Conference on Operational Research (EURO XXVII), Glasgow, United Kingdom, 12/07/15 - 15/07/15, .

Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework. / Wurth, Bernd; Howick, Susan; MacKenzie, Niall.

2015. Abstract from 27th European Conference on Operational Research (EURO XXVII), Glasgow, United Kingdom.

Research output: Contribution to conferenceAbstract

TY - CONF

T1 - Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework

AU - Wurth, Bernd

AU - Howick, Susan

AU - MacKenzie, Niall

PY - 2015

Y1 - 2015

N2 - Universities play an important role in the knowledge economy and entrepreneurship. In addition, an innovation ecosystem highly benefits from knowledge exchange activities by universities. However, the dynamics of such activities are yet to be investigated. The impact of such activities on both the university and the ecosystem has previously been investigated separately. System dynamics (SD) and agent-based modelling (ABM) are introduced as potential modelling approaches to address this issue. Our analysis shows that neither SD nor ABM can properly fill the gap based on insights from the existing body of literature. We propose a hybrid simulation that uses an integrated SD/ABM approach in which universities are represented as SD modules that shape the environment for the innovation ecosystem, represented as a set of agents. The SD feedback structure acknowledges and reflects the consequences of entrepreneurial activities for and the influence of the ecosystem on the university. As a result, this framework allows for the examination of interplays between the two. Extensions to this framework are highlighted to illustrate its usefulness to other problems that go beyond the field of academic entrepreneurship and innovation ecosystems.

AB - Universities play an important role in the knowledge economy and entrepreneurship. In addition, an innovation ecosystem highly benefits from knowledge exchange activities by universities. However, the dynamics of such activities are yet to be investigated. The impact of such activities on both the university and the ecosystem has previously been investigated separately. System dynamics (SD) and agent-based modelling (ABM) are introduced as potential modelling approaches to address this issue. Our analysis shows that neither SD nor ABM can properly fill the gap based on insights from the existing body of literature. We propose a hybrid simulation that uses an integrated SD/ABM approach in which universities are represented as SD modules that shape the environment for the innovation ecosystem, represented as a set of agents. The SD feedback structure acknowledges and reflects the consequences of entrepreneurial activities for and the influence of the ecosystem on the university. As a result, this framework allows for the examination of interplays between the two. Extensions to this framework are highlighted to illustrate its usefulness to other problems that go beyond the field of academic entrepreneurship and innovation ecosystems.

KW - knowledge economy

KW - entrepreneurship

KW - knowledge exchange

KW - system dynamics

KW - agent-based modelling

KW - hybrid simulation

UR - http://euro2015.euro-online.org/

UR - https://www.euro-online.org/media_site/reports/EURO27_AB.pdf

M3 - Abstract

ER -

Wurth B, Howick S, MacKenzie N. Exploring the dynamic interplay between entrepreneurial universities and their ecosystems: a hybrid simulation framework. 2015. Abstract from 27th European Conference on Operational Research (EURO XXVII), Glasgow, United Kingdom.