Please forward this error screen to 103. The aim of this paper is to propose an experimental business management approach to cover a seller-microeconomics principles applications and tools 7th edition pdf-customer price negotiation in an agent-based simulations. The core element in this approach is the price negotiation. We used Marshallian demand function and a Cobb-Douglas utility function in the negotiation process.
Moreover, multi-agent model is proposed and implemented in Jade development platform. Its task is to serve as a simulation framework for the trading processes execution. The main background of this framework is to be integrated in management information systems as a decision support module for a prediction of key performance indicators of a virtual company. A binomial distribution was used in presented experiments to simulate the quantity of negotiated commodities. The paper firstly presents some of the existing principles about consumer behavior, agent-based modeling and simulation in the same area and demand function theory. Secondly, presents multi-agent model and demand functions negotiations more formally. Finally, shows some of the simulation results in a trading processes throughout one year of selling commodities to consumers.
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