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

DOI:10.34385/proc.61.P2-8

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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.