Abstract

Today's markets are entities of a rapidly changing business ecosystem. Sheer complexity and unpredictable nature of complex markets require enterprises to try different approaches to survive disturbances in this sensitive ecosystem. Previously, unpredictable nature of the markets is studied using equation–based approaches and traditional simulation based approaches. However, these modelling approaches fall short of capturing the dynamics of complex adaptive nature of the markets. Therefore, this work develops an agent based model of a realistic computer manufacturing enterprise ecosystem (CMEE) to gain insights into the behaviour of enterprises and interactions in their supply chain. The model studies the end result of the decisions and actions of computer manufacturing enterprises and their customers. It observes the changing trends in this environment and the effects of those trends on market life expectancy and performance measures.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.