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A dynamic business model for component-based simulation software

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNConference contribution/Paperpeer-review

Published
Publication date2006
Host publicationProceedings of the Winter Simulation Conference, 2006. WSC 06.
PublisherIEEE Computer Society
Pages954-959
Number of pages6
ISBN (Print)1-4244-0500-9
<mark>Original language</mark>English
EventWinter Simulation Conference, 2006. WSC 06. - Monterey, Calif., United States
Duration: 3/12/20066/12/2006

Conference

ConferenceWinter Simulation Conference, 2006. WSC 06.
Country/TerritoryUnited States
CityMonterey, Calif.
Period3/12/066/12/06

Conference

ConferenceWinter Simulation Conference, 2006. WSC 06.
Country/TerritoryUnited States
CityMonterey, Calif.
Period3/12/066/12/06

Abstract

Firms, investors, venture capitalists, market analysts and the government, amongst others, are interested in the future evolution and dynamics of a market as it defines their role/participation or future role/participation. This paper proposes a business model showing how the interactions of various actors in the market influence the "demand" and "supply" interaction for an application based software; more specifically component based simulation. In the process we also show how the main stakeholders may gain some financial benefits by adopting the component-based simulation for business decisions in the long run. We identify four main stakeholders: component users, component providers, certification providers, and repository providers. A system dynamic model is built to show the interaction between the two main stakeholders