The University of Southampton
University of Southampton Institutional Repository

Agent-Based Modeling and Simulation for Management Decisions: A Review and Tutorial

Agent-Based Modeling and Simulation for Management Decisions: A Review and Tutorial
Agent-Based Modeling and Simulation for Management Decisions: A Review and Tutorial
Agent-based modeling and simulation (ABMS) has become one of the most popular simulation methods. It has been applied to a wide range of application areas including business and management. This article introduces ABMS and explains how it can support management decision making. It covers key concepts and the modeling process. AgentPy is used to show the software implementation of the concepts. This article also provides a literature review on ABMS in business and management research using bibliometric analysis and content analysis. It shows that there has been an increase in the research that uses ABMS and identifies several research clusters across management disciplines such as strategic management, marketing management, operations and supply chain management, financial management, and risk management.
IEEE Press
Onggo, Bhakti Stephan
8e9a2ea5-140a-44c0-9c17-e9cf93662f80
Joël Foramitti, Joël
7e795967-4f3c-4d32-aa3c-816e3934e762
Onggo, Bhakti Stephan
8e9a2ea5-140a-44c0-9c17-e9cf93662f80
Joël Foramitti, Joël
7e795967-4f3c-4d32-aa3c-816e3934e762

Onggo, Bhakti Stephan and Joël Foramitti, Joël (2021) Agent-Based Modeling and Simulation for Management Decisions: A Review and Tutorial. In Proceedings of the 2021 Winter Simulation Conference. IEEE Press.. (In Press)

Record type: Conference or Workshop Item (Paper)

Abstract

Agent-based modeling and simulation (ABMS) has become one of the most popular simulation methods. It has been applied to a wide range of application areas including business and management. This article introduces ABMS and explains how it can support management decision making. It covers key concepts and the modeling process. AgentPy is used to show the software implementation of the concepts. This article also provides a literature review on ABMS in business and management research using bibliometric analysis and content analysis. It shows that there has been an increase in the research that uses ABMS and identifies several research clusters across management disciplines such as strategic management, marketing management, operations and supply chain management, financial management, and risk management.

Text
inv107s2-file1 - Accepted Manuscript
Restricted to Repository staff only
Request a copy

More information

Accepted/In Press date: 18 June 2021

Identifiers

Local EPrints ID: 449869
URI: http://eprints.soton.ac.uk/id/eprint/449869
PURE UUID: 7e7bd020-7e7c-4d36-b4c2-d4013f146c3b
ORCID for Bhakti Stephan Onggo: ORCID iD orcid.org/0000-0001-5899-304X

Catalogue record

Date deposited: 23 Jun 2021 16:31
Last modified: 13 Dec 2021 03:31

Export record

Contributors

Author: Joël Joël Foramitti

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×