Modeling the Use of Nonrenewable Resources Using a Genetic Algorithm

This paper shows, how a genetic algorithm (GA) can be used to model an economic process: the interaction of profit-maximizing oil-exploration firms that compete with each other for a limited amount of oil.

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Year of publication:	2003-08-01
Authors:	Schunk, Daniel
Institutions:	Sonderforschungsbereich Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung <Mannheim>
Subject:	Genetischer Algorithmus \| genetic algorithm \| Algorithmus \| Ressourcen

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Extent:	290816 bytes 44 p. application/pdf
Series:	Sonderforschungsbereich 504 - Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung - Discussion Papers SFB 504 discussion paper ; 03-23
Type of publication:	Book / Working Paper
Language:	English
Classification:	Management and business planning. General ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005850470