Simulation framework for self-evolving agent-based models: A case study of housing market model

Jang Won Bae, Euihyun Paik, Kang Dongoh, Junyoung Jung, Chun Hee Lee

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Scopus citations

Abstract

Agent-based modeling and simulation (ABMS) has been applied to various domain problems. ABM consists of multiple agents and environments and focuses on their interactions. While such characteristics lead to its current popularity, they partially makes hard for the model calibration. Model calibration is generally performed by tuning model parameters, but in the ABM case, its interaction structure should be considered as well due to its huge influences to the results. To resolve this problem, this paper suggests a self-evolving ABMS framework. During the self-evolving process, ABM structure as well as parameters are explored and exploited for the model calibration. In particular, we adopt reconfigurable modeling in the proposed simulation framework, which is derived from Discrete Event System Specification (DEVS) formalism. This paper introduces a housing ABM, and the case study using this model shows that the accuracy of the model prediction was significantly increased through the self-evolving process.

Original languageEnglish
Title of host publicationWSC 2018 - 2018 Winter Simulation Conference
Subtitle of host publicationSimulation for a Noble Cause
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1120-1131
Number of pages12
ISBN (Electronic)9781538665725
DOIs
StatePublished - 2 Jul 2018
Event2018 Winter Simulation Conference, WSC 2018 - Gothenburg, Sweden
Duration: 9 Dec 201812 Dec 2018

Publication series

NameProceedings - Winter Simulation Conference
Volume2018-December
ISSN (Print)0891-7736

Conference

Conference2018 Winter Simulation Conference, WSC 2018
Country/TerritorySweden
CityGothenburg
Period9/12/1812/12/18

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