Multiple Input Multiple Output (MIMO) Model of an Industrial Ecosystem: An Agent-Based Modeling Approach

  • G. O. Ajisegiri Department of Industrial and Production Engineering, Faculty of Technology, University of Ibadan, Nigeria
  • F. L. Muller School of Chemical and Process Engineering, Faculty of Engineering, University of Leeds, United Kingdom
Volume: 10 | Issue: 4 | Pages: 6092-6101 | August 2020 | https://doi.org/10.48084/etasr.3673

Abstract

This paper addresses the application of the Agent-Based Model (ABM) to simulate the evolution of Multiple Input Multiple Output (MIMO) eco-industrial parks to gain insight into their behavior. ABM technique has proven to be an effective tool that can be used to express the evolution of eco-industrial parks. The ABM represents autonomous entities, each with dynamic behavior. The agents within the eco-industrial park are factories, market buyers, and market sellers. The results showed that the Réseau agent-based model allowed the investigation of the behaviors exhibited by different agents in exchange for materials in the industrial park.

Keywords: eco-industrial park, agent-based model, supply, demand, Réseau

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