Article,
Agent-based modeling: Methods and techniques for simulating human systems
Proceedings of the National Academy of Sciences, 99 (suppl 3): 7280--7287 (May 14, 2002)
DOI: 10.1073/pnas.082080899
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.
