Title :
A study on market simulation with consumers in complex network
Author :
Kaihara, Toshiya ; Fujii, Nobutada ; Notsu, Tomomi
Author_Institution :
Grad. Sch. of Syst. Inf., Kobe Univ., Kobe, Japan
Abstract :
Economics of complex system has been proposed to clarify market mechanism with reality. We formulate market simulation model as discrete resource allocation problem based on the economics of complex systems. Three types of heterogeneous agents are defined in the complex virtual market. Complex network concept is introduced into the market simulation so as to realise social consumer network for information exchange. The applicability of the market simulation into producers´ strategic decision makings is discussed.
Keywords :
complex networks; consumer behaviour; decision making; electronic data interchange; multi-agent systems; resource allocation; social networking (online); complex virtual market; decision makings; discrete resource allocation problem; economics; heterogeneous agents; information exchange; market simulation model; social consumer network; Adaptation models; Complex networks; Correlation; Economics; Joining processes; Robustness; Social network services; Complex network; Economics of complex systems; Market simulation; Marketing;
Conference_Titel :
SICE Annual Conference (SICE), 2011 Proceedings of
Conference_Location :
Tokyo
Print_ISBN :
978-1-4577-0714-8
