A dynamic business model for component-based simulation software

Onggo, Stephan, Soopramanien, Didier and Pidd, Mike (2006) A dynamic business model for component-based simulation software. In Proceedings of the 2006 Winter Simulation Conference, WSC. IEEE. pp. 954-959 . (doi:10.1109/WSC.2006.323181).

Record type: Conference or Workshop Item (Paper)

Abstract

Firms, investors, venture capitalists, market analysts and the government, amongst others, are interested in the future evolution and dynamics of a market as it defines their role/participation or future role/participation. This paper proposes a business model showing how the interactions of various actors in the market influence the "demand" and "supply" interaction for an application based software; more specifically component based simulation. In the process we also show how the main stakeholders may gain some financial benefits by adopting the component-based simulation for business decisions in the long run. We identify four main stakeholders: component users, component providers, certification providers, and repository providers. A system dynamic model is built to show the interaction between the two main stakeholders.

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