“Agent-Based Modeling: Methods and Techniques for Simulating Human Systems”, Proc. National Academy of Science

Agent-based modeling is a powerful simulation modeling technique that has seen a number of applications in the last few years, including applications to real-world business problems. After the basic principles of agent-based simulation are briefly introduced, its four areas of application are discussed by using real-world applications:

1. Flow simulation
2. Organizational simulation
3. Market simulation
4. Diffusion simulation

For each category, one or several business applications are described and analyzed.