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Bonabeau: Agent-based modeling: Methods and techniques for simulating human systems

Metadata

  • Title: Agent-based modeling: Methods and techniques for simulating human systems

  • Authors: Bonabeau, E.

  • Publication Year: 2002

  • Journal: Proceedings of the National Academy of Sciences

  • Full text

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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