Agent-based modelling in grey economic systems

Date

2023-02-05

Advisors

Journal Title

Journal ISSN

ISSN

2731-4944

Volume Title

Publisher

Springer

Type

Book chapter

Peer reviewed

Abstract

The economic systems are basically grey systems due to their components and to their interactions which enable the occurrence of uncertainty. First, the human component plays an important role as a consequence of its usually unpredictable and sometimes irrational behavior, a situation strictly related to the way the humans are thinking and acting. From here, it can easily be demonstrated that when analyzing a system, we are facing grey knowledge. This kind of knowledge exists and it represents that small piece of puzzle needed to successfully fill the gap separating the explicit knowledge form the tacit one, also conducting to uncertainty.

Description

Keywords

Agent-based modelling, Grey systems, Grey decision-making

Citation

Delcea, C., Yang, Y., Liu, S. and Cotfas, L. A. (2023) Agent-based modelling in grey economic systems. In: Yang, Y. and Liu, S. (Eds.) Emerging studies and applications of grey systems, Singapore: Springer, pp. 105-139

Rights

Research Institute