... in the systematic review. The field of wine tourism needs to link well-established descriptive analysis of wine tourists with predictive analysis through forecasting approaches, such as AI and simulation. Practical implications The paper provides a framework to support further research in forecasting wine...

... is simulated through an innovative method that combines the vector autoregressive (VAR) model to estimate the influence of the previous consumptions and productions on the current consumption and linear regression [ordinary least square (OLS) method] to estimate the price elasticity to measure the evolution...

... in the state of Minas Gerais (south-eastern Brazil). Design/methodology/approach An approach based on discrete event simulation was developed to support decision-making in the wine sector. Simulation models were used to analyse partial postponement, postponement and MTS strategies in wine production...

...Jean‐Pierre Couderc; Jean‐Laurent Viviani; Francis Declerck; L. Martin Cloutier Purpose The purpose of this paper is to present a model and simulation results for the corporate financial value of an industry in a cobweb economy. Production‐consumption cycles affect profit and financial needs...

... in their decision. The suppliers adapt to the demand by amending their offer price. A simulation of the model of consumer behavior is made on the Champagne wine market. It results in a stable market that validates the theoretical choices. Design/methodology/approach The methodology used is multi‐agent...