Generalized Dynamic Model of Rating Alternatives by Agents with Interactions

Business process simulation models usually incorporate several essential components that reflect customer behavior for modeling system inputs and outputs and ranking and/or rating given alternatives. In this paper we deal with a general dynamic system of rating a number of alternatives given by pairwise comparison matrices on an alo-group. This system is based on a parametrized agent-based simulation with interactions among agents which is able to replicate various types of processes, e.g. financial market evaluation, evaluation of products’ demand and supply, evaluation of political parties in general elections, evaluation of universities etc. A simple simulation experiment is presented and discussed.