kiroi.org

KIROI - Artificial Intelligence Return on Invest
The AI strategy for decision-makers and managers

Business excellence for decision-makers & managers by and with Sanjay Sauldie

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

Start » Agent-based modelling (Glossary)
14 September 2024

Agent-based modelling (Glossary)

4.7
(642)

Agent-based modelling is a term from the fields of artificial intelligence, big data and smart data, as well as industry and Industry 4.0. It describes a method to make complex interrelationships understandable and predictable with the help of many individual, so-called „agents“. Each agent acts for itself, has its own rules, and can interact with other agents. Such agents can be, for example, people, machines, or companies.

A practical example: A company wants to know how a new production line will affect the overall process. Using agent-based modelling, all employees, machines and processes are represented as individual agents. In the computer, decision-makers can then observe how small changes have an impact on the bigger picture – for example, more employees on a shift or new machines in use. This allows bottlenecks to be identified and improvements to be planned effectively.

Agent-based modelling is particularly helpful when processes are non-linear and unpredictable. It allows for better decisions to be made based on realistic simulations, thereby saving time and costs.

How useful was this post?

Click on a star to rate it!

Average rating 4.7 / 5. Vote count: 642

No votes so far! Be the first to rate this post.

Spread the love

transruption.org

The digital toolbox for
the digital winners of today and tomorrow

Business excellence for decision-makers & managers by and with Sanjay Sauldie

transruption
transruption

transruption: The digital toolbox for
the digital winners of today and tomorrow

Start » Agent-based modelling (Glossary)
14 September 2024

Agent-based modelling (Glossary)

4.7
(642)

Agent-based modelling is a term from the fields of artificial intelligence, big data and smart data, as well as industry and Industry 4.0. It describes a method to make complex interrelationships understandable and predictable with the help of many individual, so-called „agents“. Each agent acts for itself, has its own rules, and can interact with other agents. Such agents can be, for example, people, machines, or companies.

A practical example: A company wants to know how a new production line will affect the overall process. Using agent-based modelling, all employees, machines and processes are represented as individual agents. In the computer, decision-makers can then observe how small changes have an impact on the bigger picture – for example, more employees on a shift or new machines in use. This allows bottlenecks to be identified and improvements to be planned effectively.

Agent-based modelling is particularly helpful when processes are non-linear and unpredictable. It allows for better decisions to be made based on realistic simulations, thereby saving time and costs.

How useful was this post?

Click on a star to rate it!

Average rating 4.7 / 5. Vote count: 642

No votes so far! Be the first to rate this post.

Spread the love

Other content worth reading:

Agent-based modelling explained simply: understand, simulate, optimise – learn more now and design your processes efficiently!

written by:

Keywords:

#3DPrint #InnovationDurchAchtsamkeit #Kostenersparnis #Supply chain #Value added

Follow me on my channels:

Questions on the topic? Contact us now without obligation

Contact us

[wpforms id="331781" title="false"]

More articles worth reading

    Leave a comment