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Agent-based modeling: Methods and techniques for simulating human systems
by:In: Proceedings of the National Academy of Sciences PNAS, Vol. 99, Nr. 3
(2002)
, p. 7280-7287.
Abstract
Agent-based modeling is a powerful simulation modeling technique that has seen a number of applications in the last few years, including applications to real-world business problems. After the basic principles of agent-based simulation are briefly introduced, its four areas of application are discussed by using real-world applications: flow simulation, organizational simulation, market simulation, and diffusion simulation. For each category, one or several business applications are described and analyzed.
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