Managing Business Complexity
Discovering Strategic Solutions with Agent-Based Modeling and Simulation
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Product details:
- Publisher OUP USA
- Date of Publication 22 March 2007
- ISBN 9780195172119
- Binding Hardback
- No. of pages328 pages
- Size 175x257x27 mm
- Weight 788 g
- Language English
- Illustrations 172 line illus. 0
Categories
Short description:
Agent-based modeling and simulation (ABMS) is a developing technique for understanding emergent behavior in complex systems. Pioneered by the Santa Fe Institute, it is a flexible managerial tool that offers a way to examine the robustness of particular solutions a manager might be considering. It helps managers simulate a large number of choices by individual actors and determine the consequences of other actors adapting to their decisions. This book is a focused, applicable introduction to business ABMS for senior executives and managers.
MoreLong description:
Agent-based modeling and simulation (ABMS), a way to simulate a large number of choices by individual actors, is one of the most exciting practical developments in business modeling since the invention of relational databases. It represents a new way to understand data and generate information that has never been available before--a way for businesses to view the future and to understand and anticipate the likely effects of their decisions on their markets and industries. It thus promises to have far-reaching effects on the way that businesses in many areas use computers to support practical decision-making. Managing Business Complexity is the first complete business-oriented agent-based modeling and simulation resource. It has three purposes: first, to teach readers how to think about ABMS, that is, about agents and their interactions; second, to teach readers how to explain the features and advantages of ABMS to other people and third, to teach readers how to actually implement ABMS by building agent-based simulations. It is intended to be a complete ABMS resource, accessible to readers who haven't had any previous experience in building agent-based simulations, or any other kinds of models, for that matter. It is also a collection of ABMS business applications resources, all assembled in one place for the first time. In short, Managing Business Complexity addresses who needs ABMS and why, where and when ABMS can be applied to the everyday business problems that surround us, and how specifically to build these powerful agent-based models.
Managing Business Complexity is a thorough, practical, and easy-to-understand guide to effective agent-based modeling and simulation. It's a must read for anyone considering applications of agent-based modeling for solving real-world problems.
