Summary
International Technical Conference on Circuits/Systems, Computers and Communications
2016
Session Number:P2
Session:
Number:P2-8
An Effect of Product Lifespan on Markets Using Multi-Agent Similation
Shun Onodera, Nao Ito, Yoshinobu Maeda ,
pp.943-944
Publication Date:2016/7/10
Online ISSN:2188-5079
Summary:
In this study, we investigated the effect of the lifespan of products on the consumption of them in the artificial economic market. We constructed a multi-agent simulation (MAS) model proposed by Yasutomi in 1994, and considered both the amount of consumption and the agent utility in the two cases: 1) only short-life products are circulated, and 2) only long-life products are circulated on the market.