Manufacturers’ Green Decision Evolution Based on Multi-Agent Modeling

Joint Authors

Wu, Changzhi
Meng, Qingfeng
Li, Zhen
Du, Jianguo
Zhu, Hongming

Source

Complexity

Issue

Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-14, 14 p.

Publisher

Hindawi Publishing Corporation

Publication Date

2019-04-01

Country of Publication

Egypt

No. of Pages

14

Main Subjects

Philosophy

Abstract EN

The development of green products is gradually becoming important due to serious ecological issues.

In this study, an agent-based model is developed to visualize and analyze the evolution of green decision-making in the manufacturing industry.

Based on this agent-based model, the macrobehaviors of manufacturers, consumers, and products are analyzed and simulated.

Our results show that, first, the manufacturing industry emerges showing a “convergence” effect.

The manufacturers may overestimate the consumers’ green degree demand, but this gradually gets corrected through the mechanisms of market competition.

Second, as consumer income increases, it becomes easier for manufacturers to adapt to the market’s supply and demand as impacted by the products’ green degrees, and it becomes unfavorable for them to form a monopoly in the market.

Furthermore, the profit of manufacturers is mainly derived from the sales and gradually gets more influenced by the products’ green degree when the consumer income increases.

American Psychological Association (APA)

Li, Zhen& Zhu, Hongming& Meng, Qingfeng& Wu, Changzhi& Du, Jianguo. 2019. Manufacturers’ Green Decision Evolution Based on Multi-Agent Modeling. Complexity،Vol. 2019, no. 2019, pp.1-14.
https://search.emarefa.net/detail/BIM-1131436

Modern Language Association (MLA)

Li, Zhen…[et al.]. Manufacturers’ Green Decision Evolution Based on Multi-Agent Modeling. Complexity No. 2019 (2019), pp.1-14.
https://search.emarefa.net/detail/BIM-1131436

American Medical Association (AMA)

Li, Zhen& Zhu, Hongming& Meng, Qingfeng& Wu, Changzhi& Du, Jianguo. Manufacturers’ Green Decision Evolution Based on Multi-Agent Modeling. Complexity. 2019. Vol. 2019, no. 2019, pp.1-14.
https://search.emarefa.net/detail/BIM-1131436

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references

Record ID

BIM-1131436