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Applying Agent-Based Modeling To Business Simulations


Abstract Although a number of agent-based models of consumer behavior have been proposed in recent years they are seldom adopted in most business games. The advantages of this approach are yet to be fully grasped by the business simulation community, who continues to favor equation-based models over the agent-based alternative. We review the major contributions to the field of agent-based models of consumer behavior. For illustration purposes we present a simple agent-based model of consumer behavior, which allows simulating context effects.
Year 2014
Keywords Computer Games;Multi-Agent Societies;Intelligent Virtual Agents;
Authors Márcia Baptista, Carlos Martinho, Francisco Lima, Pedro Santos, Helmut Prendinger
Booktitle Developments in Business Simulation and Experiential Learning
Volume 41
Pages 179-183
Publisher ISAGA
Pdf File \"pdf
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@inproceedings { baptista14, abstract = {Although a number of agent-based models of consumer behavior have been proposed in recent years they are seldom adopted in most business games. The advantages of this approach are yet to be fully grasped by the business simulation community, who continues to favor equation-based models over the agent-based alternative. We review the major contributions to the field of agent-based models of consumer behavior. For illustration purposes we present a simple agent-based model of consumer behavior, which allows simulating context effects.}, booktitle = {Developments in Business Simulation and Experiential Learning}, keywords = {Computer Games;Multi-Agent Societies;Intelligent Virtual Agents;}, pages = {179-183}, publisher = {ISAGA}, title = {Applying Agent-Based Modeling To Business Simulations}, volume = {41}, year = {2014}, author = {Márcia Baptista and Carlos Martinho and Francisco Lima and Pedro Santos and Helmut Prendinger} }

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