Agent-Based Modeling vs. Equation-Based Modeling: A Case Study and Users' Guide
Proceedings of the First International Workshop on Multi-Agent Systems and Agent-Based Simulation
Optimal pricing and ordering policies for retailers under order-size-dependent delay in payments
Computers and Operations Research
Information Sharing in a Supply Chain with Horizontal Competition
Management Science
The Value of Information Sharing in a Two-Level Supply Chain
Management Science
Newsvendor Bounds and Heuristic for Optimal Policies in Serial Supply Chains
Management Science
Agency Costs in a Supply Chain with Demand Uncertainty and Price Competition
Management Science
On supply chain cash flow risks
Decision Support Systems
Multiobjective programming using uniform design and genetic algorithm
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
Information Sharing as a Coordination Mechanism for Reducing the Bullwhip Effect in a Supply Chain
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
Impact of information sharing on statistical quality control
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
Using multi-agent simulation and learning to design new businessprocesses
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
Agent-based modeling of supply chains for distributed scheduling
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
Operational causes of bankruptcy propagation in supply chain
Decision Support Systems
Mitigating bankruptcy propagation through contractual incentive schemes
Decision Support Systems
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With the increasing interdependence among supply chain members, bankruptcy of a supply chain member may cause other member firms to get into financial difficulties. This paper investigates the methods for reducing the probability of bankruptcy through supply chain coordination. Based on the developed multiagent simulation model for a simple three-echelon supply chain, the effects of coordination mechanisms, such as information sharing (INS) and vendor-managed inventory (VMI), on reducing the occurrence of bankruptcy at each stage of the supply chain are examined. Simulation results show that such coordination mechanisms are effective in reducing the risk of bankruptcy. However, the key roles of these coordination mechanisms, e.g., themanufacturer in VMI and the retailer in INS, may be reluctant to cooperate since they gain less benefit or even suffer a loss from the coordination. Additional cooperation incentive measures, i.e., permissible delay in payment for INS and inventory subsidy for VMI, are thus proposed for the implementation of these coordination mechanisms, and simulation results confirm their validity.