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
Link To Document :
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