Mason Multi agent model to visualize the bonus culture strategy over the traders' incentives - Dissertation Example

As the global economy begins to record significant rise over the years, businesses and organizations are doing everything possible to get their fair share of the rise in profits. These people are indeed right to react as such as the world saw worse forms of economic meltdown in the past five years. However, it takes the putting together of a lot of factors to earn a place in the world’s current climate. To producers and manufactures, determining the economic desires of their traders and customers and reacting in a manner that meets these desires is very crucial.

It has been said that one of the best ways producers and manufacturers can satisfy their traders and customers is by putting in place very attractive incentives. Incentives come in different forms and it has been argued that the kind of incentive put in place for traders and customers actually determine the kind of behavior that is going to be displayed by traders and customers in their service to manufacturers and producers. To this effect, it has also been argued among most corporate researchers that the bonus culture is a kind of incentive that has massive impact in ensuring that traders dance according to the rhythm of their masters.

This is basically to say that bonus culture is an effective way of motivating traders. All said and than, it is important for entrepreneurs and corporate managers to have systems in place that checks the behavior of traders and the impact it makes on their business. The research problem covers three major important components of literature. Firstly, there is the issue of the multi-agent based model. With this, it is worth emphasizing that the multi-agent model shall be the Mason Multi agent model.

With the model understudy, the researcher shall have the opportunity to analyze the impact of the technological growth that the world is experiencing now. This is to say that the mason multi-agent model is an innovation in information and communication technology that has come to ease the task of assessing the performance of any business or corporate outfit. The second concept shall be on issue of bonus culture as relates to traders. Under this, the research shall draw a line between bonus culture and trader incentive to see if it is actually possible adopting bonus culture as a workable form of incentive for traders and other business associates.

Finally, the issue of trader behavior shall be looked at. Trader behavior is actually going to be the focal point of the research. This is because the first two concepts are all related to trader behavior in one way or the other. In the light of this, the Mason multi-agent model shall be used to analyze the behavior of given traders of a given organization over a given period of time. Depending on the outcome of the visualization of the model on the trader behavior, the bonus culture shall be employed as an intervention for either bettering the trader behavior or improving it.

Main Objective The research has been set out mainly to have an intervention in place to better the behavior traders of a given company. The progress of the intervention shall be analyzed using the Mason Multi-Agent Model. To achieve this all important objective, there are a series of specific objectives that need to achieved in order achieve the overall objective. Specific Objectives The review of related literature, collection of data for the research as well as data analysis shall be done based on the specific objectives set below.

More to this, the achievement of the specific objectives shall amount to the achievement of the overall main objective of the research. The specific objectives are: 1. Explore the meaning of the Mason Multi-agent model 2. Find the role of the Mason multi-agent model in business monitoring and evaluation 3. Identify the different behaviors that could