• DocumentCode
    1298770
  • Title

    Modeling Buyer–Seller Relations in a Closed System of Shared Resources, Incorporating Personal Preference and Trust

  • Author

    Petrou, Maria ; Giannoutakis, Konstantinos N.

  • Author_Institution
    Dept. of Electr. & Electron. Eng., Imperial Coll. London, London, UK
  • Volume
    39
  • Issue
    5
  • fYear
    2009
  • Firstpage
    1035
  • Lastpage
    1050
  • Abstract
    We propose a methodology with which one can model the interactions of agents in a digital business ecosystem. We assume that the system is closed and static and define a global cost function that may be used to identify the states of the system. The cost function is minimized with the help of the Langevin equation. We demonstrate the use of the proposed model with the help of simulated data.
  • Keywords
    corporate modelling; economics; Langevin equation; buyer-seller relations modeling; closed system; computational economics; digital business ecosystem; global cost function; trust; Computational modeling; Computer aided manufacturing; Cost function; Ecosystems; Equations; Fuel economy; Internet; Manufacturing systems; Mobile computing; Telephony; Buyer–seller relations; Langevin equation; Weber–Fechner law; computational economics; cyberspace community; digital business ecosystem (DBE); quantitative studies of DBE; trust;
  • fLanguage
    English
  • Journal_Title
    Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    1083-4427
  • Type

    jour

  • DOI
    10.1109/TSMCA.2009.2025046
  • Filename
    5204254