The purpose of this paper is to investigate the analogy of the human immune system with the economic auction theory.
The paper develops an analogy of bio‐immune system with competitive bidding in auction, then develops a model of the situation and discusses its managerial implications.
The human immune system can be benchmarked to model decision making under competitive environment, such as biddings in auctions and obtains gainful insights.
Various engineering, management, social science, and defense and security‐related applications of the model are suggested.
The paper presents a novel and innovative model with tremendous potential for varied applications.
Padhi, S. and Vrat, P. (2011), "Bio‐immune systems analogy for effective managerial decision making in conflicting environment", Journal of Advances in Management Research, Vol. 8 No. 2, pp. 236-245. https://doi.org/10.1108/09727981111175966Download as .RIS
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