The Internet and its manifestations, such as electronic commerce or in general network communication between different groups of interest (i.e., agents) have become indispensable for many of us. To adequately use the ever increasing amount of data, attempts are being made to extend data...

The paper provides an introduction to agent-based modelling and simulation of social processes. Reader is introduced to the worldview underlying agent-based models, some basic terminology, basic properties of agent-based models, as well as to what one can and what cannot expect from such models,...

The great financial crisis that erupted in 2007 has shaken not only the world economy but also the so-called mainstream of economics. As a major corollary, the issue of how financial markets are or should be regulated is in the eye of the storm. In this article, we discuss a new approach to...

"Two case studies are presented in which models were used as focal tools in problems associated with common-pool resource management in developing countries. In the first case study, based in Zimbabwe, Bayesian or Belief Networks were used in a project designed to enhance the adaptive management...

This research investigates the study of the concept of adaptation as a foundation to guide management in creating a planning and scheduling system. The review paper identifies theories that are being studied in relation to the process of adaptation using genetic algorithms as well as adaptive...

"Integrated natural resource management (INRM) and its many closely related approaches are generally considered to be more effective than single-disciplinary approaches for managing the complex resource issues currently facing many countries. INRM approaches aim to integrate several disciplines...

Considering the time scales of global information and personal reaction, we study the role of dynamic response time in the evolution of collective behavior in an evolving market. The insensitiveness to the market information makes the population cluster around a kind of extreme behavior, in...