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Just-in-time (JIT) trucking service, i.e., arriving at customers within specified time windows, has become the norm for freight carriers in all stages of supply chains. In this paper, a JIT pickup/delivery problem is formulated as a stochastic dynamic traveling salesman problem with time windows...
Persistent link: https://www.econbiz.de/10004973626
An agent based model is developed in which a social hierarchy of leaders and followers emerges from a uniform or random social network. The formation of the social structure is driven by the desire to be an early adopter of a subsequently popular trend. The environment is related to a majority...
Persistent link: https://www.econbiz.de/10005073679
A social pyramid is show to be the unique steady state social structure when agents gain utility from being early adopters of subsequently popular trends. The environment is related to a majority game, but introduces the importance of the timing of adoption. Utility derived from making a popular...
Persistent link: https://www.econbiz.de/10005073710
In this paper we develop an interbank market with heterogeneous financial institutions that enter into lending agreements on different network structures. Credit relationships (links) evolve endogenously via a fitness mechanism based on agents’ performance. By changing the agent’s trust on...
Persistent link: https://www.econbiz.de/10010589075
We introduce an order driver market model with heterogeneous traders that imitate each other on a dynamic network structure. The communication structure evolves endogenously via a fitness mechanism based on agents performance. We assess under which assumptions imitation, among noise traders, can...
Persistent link: https://www.econbiz.de/10010597456
Community shared bicycle systems, such as the Vélo'v program launched in Lyon in May 2005, are public transportation programs that can be studied as a complex system composed of interconnected stations that exchange bicycles. They generate digital footprints that reveal the activity in the city...
Persistent link: https://www.econbiz.de/10009144124
Exponential random graph models (ERGMs) are powerful tools for formulating theoretical models of network generation or learning the properties of empirical networks. They can be used to construct models that exactly reproduce network properties of interest. However, tuning these models correctly...
Persistent link: https://www.econbiz.de/10011057363