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Optimization of Manufacturers Behaviour On the Basis of a Local Economic Agent-Based Model Implementation

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Abstract In the era of globalization, local economic structures have not lost their significance and must be in the focus of a scientific research. Optimization problem solution could become a… Click to show full abstract

Abstract In the era of globalization, local economic structures have not lost their significance and must be in the focus of a scientific research. Optimization problem solution could become a solid theoretical foundation for a local economic system effective functioning. To express an objective function in the analytical form in order to implement precise mathematical methods is impossible for a complex system, an economic system has proved to be such type system. Methods based on simulation are believed to be effective for finding solutions of a wide range of optimization problems. This paper details findings of the research aimed at solving optimization problem in terms of revealing optimal agent behavior in the course of exchanges in a local economic system on the basis of agent-based modeling usage.

Keywords: system; basis; local economic; optimization; agent based

Journal Title: IFAC-PapersOnLine
Year Published: 2018

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