Simulating market dynamics with CD++

  • Authors:
  • Qi Liu;Gabriel Wainer

  • Affiliations:
  • Department of Systems and Computer Engineering, Carleton University, Ottawa, Ontario, Canada;Department of Systems and Computer Engineering, Carleton University, Ottawa, Ontario, Canada

  • Venue:
  • ICCS'05 Proceedings of the 5th international conference on Computational Science - Volume Part II
  • Year:
  • 2005

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Abstract

CD++ is an implementation of the Cell-DEVS formalism, which has been used to simulate various complex systems. In this study, we constructed a Cell-DEVS to simulate the dynamics of a dual market. Using new features of CD++, we obtained accurate results taking into account consumers' purchasing history. The resulting model allows fast execution, easier model implementation and maintenance.