A new book provides an overview of agent-based modeling (ABM) and multi-agent systems (MAS), emphasizing their significance in understanding complex economic systems. The book's 14 chapters feature ...

What are “complex systems” in this context? These are noncomputer systems, such as a company’s supply chain. A system is “complex” when it has so many variables and interacting forces that it can’t be ...

Advancements in Simulation Methodologies Simulation is getting a serious upgrade, and it’s not just about faster computers ...