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Abstract:
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This study uses automatically defined terminal (ADT) to keep ready and stable building blocks growing into complex structure. The idea is originated from the functional-modularity approach. ADT is tested in an agent-based innovation model to see how it works and whether there is any improvement in searching new commodities for commercializing in the market; hence the market represents an environment for nourishing the development during innovative process. This paper will not only show how the capable producers with ADT work, but also how market selection plays an important role in the evolution of innovation. In other word, the agent-based modeling approach will present the evolutionary dynamic of interaction between producers and consumers in a commodity market.
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