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Application of a Business Economics Decision-Making Function in an Agent Simulation Framework

  • Roman ŠperkaEmail author
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 58)

Abstract

The aim of the paper is to introduce a novel multi-agent simulation approach and its application allowing to deal with the trading processes of a virtual company. The motivation is to use implemented simulation framework as a basic part of an information system, operating as an integrated component of an actual ERP system implemented within a company so as to investigate and to predict the chosen business metrics of a company. Such a system serves to enable the management of a company to support their decision-making processes. The paper firstly presents the contemporary importance of simulation method. Secondly, the paper characterizes concrete multi-agent model of a virtual company, agents, and the decision-making function. Thirdly, the simulation framework application MAREA will be introduced. Lastly, the simulation results and their comparison with actual data, and the verification possibilities of the simulation model are described. It will be demonstrated that the proposed approach to customer behaviour in an agent-based simulation model could properly contribute to a better decision-making process.

Keywords

Trading processes Virtual company Simulation Agent-based Model 

Notes

Acknowledgments

This paper was supported by the Ministry of Education, Youth and Sports Czech Republic within the Institutional Support for Long-term Development of a Research Organization in 2016.

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Department of Informatics and Mathematics, School of Business Administration in KarvináSilesian University in OpavaKarvináCzech Republic

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