Agent-based modeling and simulation: ABMS examples

Agent-based modeling and simulation (ABMS) is a new approach to modeling systems comprised of autonomous, interacting agents. ABMS promises to have far-reaching effects on the way that businesses use computers to support decision-making and researchers use electronic laboratories to support their research. Some have gone so far as to contend that ABMS "is a third way of doing science," in addition to traditional deductive and inductive reasoning (Axelrod 1997). Computational advances have made possible a growing number of agent-based models across a variety of application domains. Applications range from modeling agent behavior in the stock market, supply chains, and consumer markets, to predicting the spread of epidemics, the threat of bio-warfare, and the factors responsible for the fall of ancient civilizations. This tutorial describes the theoretical and practical foundations of ABMS, identifies toolkits and methods for developing agent models, and illustrates the develo...

• Type: Conference
• Year: 2008
• Where: WSC
• Authors: Charles M. Macal, Michael J. North
• Keywords: Agent-based Model, Agent-based Modeling, Modeling And Simulation, Simple Agent-based Model, WSC 2008