An agent-based empirical game theory approach for airport security patrols

Airports are attractive targets for terrorists, as they are designed to accommodate and process large amounts of people, resulting in a high concentration of potential victims. A popular method to mitigate the risk of terrorist attacks is through security patrols, but resources are often limited. Game theory is commonly used as a methodology...

AbSRiM: An Agent-Based Security Risk Management Approach for Airport Operations

Security risk management is essential for ensuring effective airport operations. This article introduces AbSRiM, a novel agent-based modeling and simulation approach to perform security risk management for airport operations that uses formal sociotechnical models that include temporal and spatial aspects. The approach contains four main steps:...

Analysing the impact of cyber insurance on the cyber security ecosystem: Utilising agent-based modelling to explore the effects of insurance policies

Cyberattacks are a constant threat to organisations worldwide. The uncertainty and difficulty of properly conducting cyber risk management processes do not make it easier for organisations to cope with cyberattacks. Cyber insurance can be a partial solution to the dilemma that organisations face. However, it has not seen the expected growth...

An analysis of a forward capacity market with long-term contracts

We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of...