Demand function and its role in a business simulator

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002696" target="_blank" >RIV/47813059:19520/14:#0002696 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.14505/jarm.v5.1(9).00" target="_blank" >http://dx.doi.org/10.14505/jarm.v5.1(9).00</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Demand function and its role in a business simulator

Popis výsledku v původním jazyce

Business simulations are useful tools due to the fact that it eases management decision making. No doubt there are many processes which must be considered and simulated. Therefore, such business simulator is often composed of many processes and containsmany agents and interrelations as well. Since the business simulator based on multi-agent system is characterized by many interrelations within, this article deals with a specific part of the business simulator only - a demand function and its modeling.The aim of this partial research is to suggest demand function which would be most suitable for the business simulation. In this paper a new approach for customer decision function in business process simulation was presented. The decision of the customer is based on Marshallian demand function and customer utility function using Cobb-Douglas preferences. The results obtained by means of the MAREA simulation environment proved that this approach yields correct simulation results.

Název v anglickém jazyce

Demand function and its role in a business simulator

Popis výsledku anglicky

Business simulations are useful tools due to the fact that it eases management decision making. No doubt there are many processes which must be considered and simulated. Therefore, such business simulator is often composed of many processes and containsmany agents and interrelations as well. Since the business simulator based on multi-agent system is characterized by many interrelations within, this article deals with a specific part of the business simulator only - a demand function and its modeling.The aim of this partial research is to suggest demand function which would be most suitable for the business simulation. In this paper a new approach for customer decision function in business process simulation was presented. The decision of the customer is based on Marshallian demand function and customer utility function using Cobb-Douglas preferences. The results obtained by means of the MAREA simulation environment proved that this approach yields correct simulation results.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

IN - Informatika

OECD FORD obor

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Projekt

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Návaznosti

O - Projekt operacniho programu

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Advanced Research in Management

ISSN

2068-7532

e-ISSN

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Svazek periodika

Neuvedeno

Číslo periodika v rámci svazku

Summer 2014

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

7

Strana od-do

41-47

Kód UT WoS článku

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EID výsledku v databázi Scopus

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