Agent-based simulation applications: multi-agent enabled modeling and simulation towards collaborative inventory management in supply chains

Authors:
Yonghui Fu;Rajesh Piplani;Robert de Souza;Jingru Wu
Affiliations:
Nanyang Technological University, 639798, SINGAPORE;Nanyang Technological University, 639798, SINGAPORE;Viewlocity, Gillman Village, 1089342, SINGAPORE;National University of Singapore, 117592, SINGAPORE
Venue:
Proceedings of the 32nd conference on Winter simulation
Year:
2000

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Abstract

This paper is framed to address the preliminary approach towards process-oriented collaborative inventory management in supply chains, taking advantage of multi-agent technology in terms of modeling and simulation. Initially, a SCM support model is proposed as a foundation to combine the supply chain processes with the multi-agent system. In succession, a simple PC assembling case is investigated and simulated mainly to validate the SCM support model. As a result, the combination has the potential to make possible a real strategic competitive advantage for the entire supply chain and will enable new forms of business, namely, collaborative inventory management. Accordingly, a theoretical framework of collaborative inventory management is highlighted to refine and extend the SCM support model with the purpose to synchronize decisions as well as actions.