Material management in decentralized supply chains
Operations Research
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
Pre-IPO Operational and Financial Decisions
Management Science
Agent learning in supplier selection models
Decision Support Systems - Special issue: Decision theory and game theory in agent design
Agent-based demand forecast in multi-echelon supply chain
Decision Support Systems
A Newsvendor's Procurement Problem when Suppliers Are Unreliable
Manufacturing & Service Operations Management
Outsourcing via Service Competition
Management Science
On supply chain cash flow risks
Decision Support Systems
Confidentiality and Information Sharing in Supply Chain Coordination
Management Science
Competition and Diversification Effects in Supply Chains with Supplier Default Risk
Manufacturing & Service Operations Management
Reducing the probability of bankruptcy through supply chain coordination
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
Multiobjective programming using uniform design and genetic algorithm
IEEE Transactions on Systems, Man, and Cybernetics, Part C: Applications and Reviews
Using multi-agent simulation and learning to design new businessprocesses
IEEE Transactions on Systems, Man, and Cybernetics, Part A: Systems and Humans
Supply chain risk management in French companies
Decision Support Systems
Mitigating bankruptcy propagation through contractual incentive schemes
Decision Support Systems
A decision support system for procurement risk management in the presence of spot market
Decision Support Systems
Invariant conditions in value system simulation models
Decision Support Systems
The effects of a trust mechanism on a dynamic supply chain network
Expert Systems with Applications: An International Journal
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With the increasing interdependence among supply chain members, bankruptcy of a supply chain member may be caused by operational decisions of other members. To investigate how bankruptcy occurs and propagates in supply chain networks, we build a multi-agent simulation model for a two-stage supply chain that consists of multiple upstream manufacturers and multiple downstream retailers. Based on the developed simulation model, we study impacts of various operational parameters and decisions, such as horizontal competition among retailers, order allocation strategies of retailers, wholesale price of manufacturers, characteristics of market demand and number of retailers, on bankruptcy propagation. Since many operational decisions of a firm are made under financial constraints, we also investigate the linkage between firm's operational risks and financial decisions (e.g., the maximal risk of cash flow that a member is willing to take, and the up-front payment proportion of retailers in a two-period payment policy). Experimental results reveal that operational interactions between supply chain members and operational decisions made by supply chain members are important causes of bankruptcy propagation, but impacts of these operational parameters and decisions depend on financial decisions. These observations indicate that supply chain members can moderately hedge their operational risk through financial decisions.