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.
|Publication status||Unpublished - 2015|
|Event||27th European Conference on Operational Research (EURO XXVII) - University of Strathclyde, Glasgow, United Kingdom|
Duration: 12 Jul 2015 → 15 Jul 2015
|Conference||27th European Conference on Operational Research (EURO XXVII)|
|Period||12/07/15 → 15/07/15|
- knowledge economy
- knowledge exchange
- system dynamics
- agent-based modelling
- hybrid simulation
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.