IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Introduction to Multi-Agent Simulation

Introduction to Multi-Agent Simulation
View Sample PDF
Author(s): Peer-Olaf Siebers (University of Nottingham, UK)and Uwe Aickelin (University of Nottingham, UK)
Copyright: 2008
Pages: 11
Source title: Encyclopedia of Decision Making and Decision Support Technologies
Source Author(s)/Editor(s): Frederic Adam (University College Cork, Ireland)and Patrick Humphreys (London School of Economics, UK)
DOI: 10.4018/978-1-59904-843-7.ch062

Purchase

View Introduction to Multi-Agent Simulation on the publisher's website for pricing and purchasing information.

Abstract

When designing systems that are complex, dynamic, and stochastic in nature, simulation is generally recognised as one of the best design support technologies, and a valuable aid in the strategic and tactical decision- making process. A simulation model consists of a set of rules that define how a system changes over time, given its current state. Unlike analytical models, a simulation model is not solved but is run and the changes of system states can be observed at any point in time. This provides an insight into system dynamics rather than just predicting the output of a system based on specific inputs. Simulation is not a decision making tool but a decision support tool, allowing better informed decisions to be made. Due to the complexity of the real world, a simulation model can only be an approximation of the target system. The essence of the art of simulation modelling is abstraction and simplification. Only those characteristics that are important for the study and analysis of the target system should be included in the simulation model.

Related Content

Yu Bin, Xiao Zeyu, Dai Yinglong. © 2024. 34 pages.
Liyin Wang, Yuting Cheng, Xueqing Fan, Anna Wang, Hansen Zhao. © 2024. 21 pages.
Tao Zhang, Zaifa Xue, Zesheng Huo. © 2024. 32 pages.
Dharmesh Dhabliya, Vivek Veeraiah, Sukhvinder Singh Dari, Jambi Ratna Raja Kumar, Ritika Dhabliya, Sabyasachi Pramanik, Ankur Gupta. © 2024. 22 pages.
Yi Xu. © 2024. 37 pages.
Chunmao Jiang. © 2024. 22 pages.
Hatice Kübra Özensel, Burak Efe. © 2024. 23 pages.
Body Bottom