CONCURRENCY AND DISTRIBUTION IN ECONOMIC MARKETS: MODEL DESCRIPTION
Economic markets can be modeled using a system-based approach. In an economic system, agents have complex behavioural patterns, two of the most important being concurrency and cooperation. In this paper, we present a model of an economic system that integrates the dual characteristic of economic sys...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2024-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.24_2/Art102.pdf |
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| Summary: | Economic markets can be modeled using a system-based approach. In an economic system, agents have complex behavioural patterns, two of the most important being concurrency and cooperation. In this paper, we present a model of an economic system that integrates the dual characteristic of economic system. On one hand, the concurrent characteristic is modeled using Petri nets and focuses on determining the agent behavioural patterns in the system related to the resources distribution and market share. On the other hand, the cooperation characteristic is related to the determination of an agent that can influence the market behaviour, using a model based on Leader Election. In this matter, the concurrency between agents is integrated with market coordination, useful in contexts as quality standard establishment or collective issues. The context of the model related to distribution can be further developed, especially related to agrifood chains in economic markets, by establishing a classification of the agents of the economic market, useful for a vertical integration of the market. |
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| ISSN: | 2284-7995 2285-3952 |