Research: agent-based modeling | Business Intelligence

Background: As noted by Turban (2015), the term agent is derived from the concept of agency, referring to employing someone to act on one’s behalf. A human agent represents a person and interacts with others to accomplish a predetermined task. The concept of agents goes surprisingly far back more than 60 years ago.     

Reference: Sharda, R., Delen, Dursun, Turban, E., Aronson, J. E., Liang, T-P., & King, D. (2015). Business Intelligence and Analytics: Systems for Decision Support. 10th Edition. By PEARSON Education. Inc.

ISBN-13: 978-0-13-305090-5

Assignment: Go to pages 461 to 464 and familiarize yourself with the topic tagged Agent-Based Modeling and summarize and describe the characteristics of an agent-based simulation model, also list the various factors that were fed into the agent-based simulation model which was described in the case. You are also required to talk briefly on the benefits of using agent-based simulation models and mention other situations where agent-based simulation could be employed apart from using it to prevent disease.

Your research paper should be at least 3 pages (800 words), double-spaced, have at least 4 APA references, and typed in an easy-to-read font in MS Word (other word processors are fine to use but save it in MS Word format). Your cover page should contain the following: Title, Student’s name, University’s name, Course name, Course number, Professor’s name, and Date.