A dynamic business model for component-based simulation software

Onggo, B S S and Soopramanien, D G R and Pidd, M (2006) A dynamic business model for component-based simulation software. In: Proceedings of the Winter Simulation Conference, 2006. WSC 06. IEEE Computer Society, USA, pp. 954-959. ISBN 1-4244-0500-9

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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

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11 Jul 2011 20:05
Last Modified:
21 Sep 2023 03:40