SUPPLY CHAIN MODELING: THE AGENT BASED APPROACH

Abstract In the era of fierce competition Supply Chain Management (SCM) has gained enormous amount of importance. A major decision that affects the overall performance of a supply chain is the modeling of the supply chain. Some of the widely used supply chain modeling tools are reviewed in this paper. A case for agent-based architecture for modeling of supply chains is proposed. Agents act as autonomous units and are able to take decisions according to the dynamic business environment. It was found that agent based architecture is capable of more realistic and dynamic modeling because of the autonomy of members of a supply chain.

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