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Microsimulation is a category of computerized analytical tools that perform analysis of activities such as highway traffic flowing through an intersection, financial transactions, or pathogens spreading disease through a population on the granularity level of individuals. Synonyms include microanalytic simulation and microscopic simulation. Microsimulation, with its emphasis on stochastic or rule-based structures, should not be confused with the similar complementary technique of multi-agent simulation, which focuses more on the behaviour of individuals.
Transport (in British English) or transportation (in American English) is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipelines, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations.
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history.
Integrated transport and land use models are an increasingly used tool for evaluation of urban policy and large scale projects. Although there is a well-built theoretical background supporting the exi