Publication detail

Modelling the Structured and Complex Decision Situations

HRUBÝ, M.

Original Title

Modelling the Structured and Complex Decision Situations

English Title

Modelling the Structured and Complex Decision Situations

Type

conference paper

Language

en

Original Abstract

The paper deals with modelling and simulation of complex intelligent systems where the modelled entities have to make certain decisions in conditions of for example competitive market. We base this paper on our experiences in making models of competitive markets with electricity and other auxiliary services in area of Czech republic and Central Europe. The studied problem is certainly an excellent example of multi--player competition on multi--market with multi--commodity (a player has to decide what commodity is going to offer at which market in competition to other players). In this paper, we are more focused on theoretical analysis of the problem and its effective implementation in simulation models. We transform these situations of strategic decisions of one or more intelligent entities to so called structured and complex decisions. We are going to present a rather general solution to these systems built from elementary decisions with a special emphasis on their effective simulation. We use a special mathematical formalism called Automated Information Net (AIN) to model relations between elementary parts of the AI model. AIN can predict these computing iterations which would not bring new information to simulation of our models. We save some simulation time by this principle. As our background is mostly in area of economics modelling, we oftenly use market and production examples to demonstrate rather theoretical problems. The use of our ideas is hopefully wider.

English abstract

The paper deals with modelling and simulation of complex intelligent systems where the modelled entities have to make certain decisions in conditions of for example competitive market. We base this paper on our experiences in making models of competitive markets with electricity and other auxiliary services in area of Czech republic and Central Europe. The studied problem is certainly an excellent example of multi--player competition on multi--market with multi--commodity (a player has to decide what commodity is going to offer at which market in competition to other players). In this paper, we are more focused on theoretical analysis of the problem and its effective implementation in simulation models. We transform these situations of strategic decisions of one or more intelligent entities to so called structured and complex decisions. We are going to present a rather general solution to these systems built from elementary decisions with a special emphasis on their effective simulation. We use a special mathematical formalism called Automated Information Net (AIN) to model relations between elementary parts of the AI model. AIN can predict these computing iterations which would not bring new information to simulation of our models. We save some simulation time by this principle. As our background is mostly in area of economics modelling, we oftenly use market and production examples to demonstrate rather theoretical problems. The use of our ideas is hopefully wider.

Keywords

Game theory, modelling and simulation, artificial intelligence, decision making

RIV year

2007

Released

15.09.2007

Location

Ljubljana

ISBN

978-3-901608-32-2

Book

Proceedings of the 6th EUROSIM Congress on Modelling and Simulation

Pages from

236

Pages to

245

Pages count

10

Documents

BibTex


@inproceedings{BUT28835,
  author="Martin {Hrubý}",
  title="Modelling the Structured and Complex Decision Situations",
  annote="The paper deals with modelling and simulation of complex intelligent systems
where the modelled entities have to make certain decisions in conditions of for
example competitive market. We base this paper on our experiences in making
models of competitive markets with electricity and other auxiliary services in
area of Czech republic and Central Europe. The studied problem is certainly an
excellent example of multi--player competition on multi--market with
multi--commodity (a player has to decide what commodity is going to offer at
which market in competition to other players). In this paper, we are more focused
on theoretical analysis of the problem and its effective implementation in
simulation models. We transform these situations of strategic decisions of one or
more intelligent entities to so called structured and complex decisions. We are
going to present a rather general solution to these systems built from elementary
decisions with a special emphasis on their effective simulation. We use a special
mathematical formalism called Automated Information Net (AIN) to model relations
between elementary parts of the AI model. AIN can predict these computing
iterations which would not bring new information to simulation of our models. We
save some simulation time by this principle. As our background is mostly in area
of economics modelling, we oftenly use market and production examples to
demonstrate rather theoretical problems. The use of our ideas is hopefully
wider.
",
  booktitle="Proceedings of the 6th EUROSIM Congress on Modelling and Simulation",
  chapter="28835",
  howpublished="print",
  year="2007",
  month="september",
  pages="236--245",
  type="conference paper"
}