Agent-Based Models of a Banking Network as an Example of a Turbulent Environment: The Deliberate vs Emergent Strategy Debate Revisited is a paper that I wrote that uses an agent-based model to simulate the strategic positioning decisions of firms within a competitive environment. It links firm strategy (particularly banking strategy) to the competitive environment: where should firms locate to gain most customers given that all firms are trying to achieve the same objective, that of maximizing market share / revenue / profits? It is an interesting question, and one that is very suited to modelling the dynamics of an industry using agent-based models.
This presentation from the EURO 2016 conference in Poznan, Poland, and from the GDN conference in Bellingham, WA, USA, joint work with Leroy White of Warwick Business School, shows how combining formal and informal organizational networks enables decisions to flow more freely around organizations, but at a cost, leading to an optimal size of informal organizational networks. If organizations can control these, this leads to implications for optimal information flows in companies.
Agent-Based Modeling Toolkits: NetLogo, RePast, and Swarm (2005, Academy of Management Learning and Education 4(4), 525–527) sets out a comparison of three widely used agent-based modeling toolkits: RePast, NetLogo, and Swarm. It shows the differences between the toolkits, setting out the advantages, disadvantages, and limitations of each software toolkit.
Agent-Based Models to Manage the Complex is a book chapter in Managing Organizational Complexity: Philosophy, Theory and Application: Volume 1 (ISCE Book Series – Managing the Complex) is an introduction to the use of agent-based models in management. It demonstrates the use of models in Repast, an agent-based modeling toolkit, and links this to complexity science concepts of emergent systems.
Behavioral Operational Research: Theory, Methodology and Practice (Martin Kunc, Jonathan Malpass, Leroy Wright, Eds.) was published by Palgrave Macmillan in September 2016. My chapter on Agent-Based Modeling and Behavioral Operational Research shows the great potential of using agent-based simulation within BOR, showing how example models can be applied to the field. More details of the chapter can be found on the Palgrave Macmillan site here (DOI:10.1057/978-1-137-53551-1_7).
Please click here for the chapter in pdf format.
Updated September 2016 with full text.
The Dynamics of Strategy is a book published by Oxford University Press (Robertson and Caldart 2010) and combines natural science models with strategic management. Chapters on networks, agent-based modelling, and dynamic economic models are used to show how strategy can be treated analytically.