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

Modeling Qualitative Development

Modeling Qualitative Development
View Sample PDF
Author(s): A. Pyka (University of Augsburg, Germany)
Copyright: 2007
Pages: 14
Source title: Handbook of Research on Nature-Inspired Computing for Economics and Management
Source Author(s)/Editor(s): Jean-Philippe Rennard (Grenoble Graduate School of Business, France)
DOI: 10.4018/978-1-59140-984-7.ch016

Purchase

View Modeling Qualitative Development on the publisher's website for pricing and purchasing information.

Abstract

This chapter introduces agent-based modeling as a methodology to study qualitative change in economic systems. The need to focus on qualitative developments is derived from evolutionary economics, where the quantitative orientation of mainstream economic approaches is strongly criticized. It is shown that agent-based models can cope with the challenges of an evolutionary setting and fulfill the requirements of modeling qualitative change. In particular agent-based models allow a detailed representation of knowledge and the underlying dynamics, which are considered the major driving force of economic growth and development. The chapter also gives an illustrative example of an agent-based model of innovation processes organized in networks of actors.

Related Content

P. Chitra, A. Saleem Raja, V. Sivakumar. © 2024. 24 pages.
K. Ezhilarasan, K. Somasundaram, T. Kalaiselvi, Praveenkumar Somasundaram, S. Karthigai Selvi, A. Jeevarekha. © 2024. 36 pages.
Kande Archana, V. Kamakshi Prasad, M. Ashok. © 2024. 17 pages.
Ritesh Kumar Jain, Kamal Kant Hiran. © 2024. 23 pages.
U. Vignesh, R. Elakya. © 2024. 13 pages.
S. Karthigai Selvi, R. Siva Shankar, K. Ezhilarasan. © 2024. 16 pages.
Vemasani Varshini, Maheswari Raja, Sharath Kumar Jagannathan. © 2024. 20 pages.
Body Bottom