Microeconomic Demand Functions Implementation in Java Experiments
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002550" target="_blank" >RIV/47813059:19520/14:#0002550 - isvavai.cz</a>
Result on the web
<a href="http://link.springer.com/chapter/10.1007/978-3-319-07650-8_19" target="_blank" >http://link.springer.com/chapter/10.1007/978-3-319-07650-8_19</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-319-07650-8_19" target="_blank" >10.1007/978-3-319-07650-8_19</a>
Alternative languages
Result language
angličtina
Original language name
Microeconomic Demand Functions Implementation in Java Experiments
Original language description
The aim of this paper is to introduce microeconomic demand functions (Marshallian demand function and Cobb-Douglas utility function) in Java simulation experiments. The motivation is to use these function as a core element in a seller-to-customer price negotiation in an agent-based simulations. Furthermore, multi-agent model is proposed and implemented in Java to serve as a simulation framework to support the virtual company trading processes. The main background of this framework is to be integrated inmanagement information systems as a decision support module. The paper firstly presents some of the existing principles about consumer behavior, agent-based modeling and simulation in the same area and demand function theory. Secondly, presents multi-agent model and demand functions negotiations. Lastly, depicts some of the simulation results in a trading processes throughout one year of selling commodities to consumers. The results obtained show that in some metrics the demand function
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
IN - Informatics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Advances in Intelligent Systems and Computing, Volume 296
ISBN
978-3-319-07649-2
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
183-192
Publisher name
Springer International Publishing
Place of publication
Berlin
Event location
Chania
Event date
Jun 18, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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