Agent-based simulation model to improve managerial capabilities, in a complexity perspective
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With this important book by North and Macal, we go directly to the application side of agent-based simulation (finally, we can add as a positive comment).
Real-life applications of agent-based simulation technique are still unusual, for a number of reasons, the first of which being resistance to innovation also in social and business research fields. Most of all, however, their slow application is a consequence of the difficulty encountered when implementing agent-based simulation techniques for real-life applications. With my students I have created agent-based model of firms and public services such as an emergency call structure, but I am always far from reaching a critical mass of demonstrative works. At present I am enthusiastically working with the Italian Central Bank in a critical application of agent-based simulation to create a replica (in some way, a “playstation”) of the daily intra-banks payment system combined with a double-action continuous intra-banks money market, to...
KeywordsReinforcement Learning Agent Behavior Actual People Important Practical Problem Participatory Simulation
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