5.6) Conceptualizing Agent Based Models (cont'd)
- How closely together should a farmer plant the trees in a fruit orchard?
- How much of her savings should an employee put in each of the five investment funds in her retirement program?
- Should a new road have one, two, or three lanes in each direction?
- Is it acceptable to allow a small legal harvest of whales?
- To complete a bachelor’s degree in physics as soon as possible, what classes should a student register for this semester?
- How many trees per year should a timber company harvest?
- Banks make money by investing the money that their customers deposit, but they must also keep some money available as cash instead of invested. A bank can fail if its customers withdraw more cash than the bank has available, or if their investments do not make enough money to meet expenses. Government regulators require banks to keep a minimum per cent of total deposits as cash that is not invested. To minimize bank failures, what should this minimum per cent be?
- To maximize profit, how many flights per day should Saxon Airlines schedule between Frankfurt (their international hub) and Leipzig?
- To minimize system- wide delays and risk of accidents, how many flights per day should the European Aviation Administration allow between Frankfurt and Leipzig?
- Two new movies will open in theatres next weekend. One is based on a comic book series and features a superhero, special effects, car chases, and violence. The other is a romantic comedy starring a beautiful actress and a goofy but lovable actor. Which movie will make the most money next weekend? Over the next four weeks? Over the next five years?