“…The behaviour of the entire enterprise is not known (and hence it cannot be specified) but emerges through the interactions of constituent elements. These inherent characteristics motivated us to use actor model (Hewitt 2010) as modeling abstraction, the bottom up approach as a design method (Thomas et al 1994), and actor based simulation as analysis technique. Next section proposes a modelling approach to systematically construct an experimental model (i.e., a synthetic environment) to study demonetisation.…”