Modeling buyer-seller relations in a closed system of shared resources, incorporating personal preference and trust

Authors:
Maria Petrou;Konstantinos N. Giannoutakis
Affiliations:
Communications and Signal Processing Group, Department of Electrical and Electronic Engineering, Imperial College London, UK;Communications and Signal Processing Group, Department of Electrical and Electronic Engineering, Imperial College London, UK
Venue:
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
Year:
2009

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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.