Can shifts in the credit supply generate a boom-bust cycle similar to one observed US around 2008? To answer this question, we develop general equilibrium model that combines rich heterogeneous agent overlapping-generations structure of households who make housing tenure decisions and borrow through long-term mortgages, firms finance their working capital short-term loans from banks, banks whos...

Models that aim to optimize the design of supply chain networks have gained more interest in the supply chain literature. Mixed-integer linear programming and discrete-event simulation are widely used for such an optimization problem. We present a hybrid approach to support decisions for supply chain network design using a combination of analytical and discrete-event simulation models. The prop...

The growth of outsourcing has led outsourcing strategies to become an increasingly important component of firm success (Gottfredson et al., 2005). While the purported goal of outsourcing in supply chains is to derive a competitive advantage, it is not clear whether the outsourcing decisions of firms are always strategically aligned with their overall competitive strategy. In this paper we evalu...

From 21st century, enterprises combine supply chain management with big data to improve their products and services level. In China healthcare industry, supply chain decisions are made based on experience, due to the environment complexities, such as changing policies and license delay. A flexible and dynamic big data driven analysis approach for supply chain decisions is urgently required. Thi...

With the ever-increasing complexity and dynamics of supply chains in an extended enterprise, simulation has become a powerful tool to assess supply performance. In traditional simulation approaches, a model is constructed by a user, who defines it step-bystep via the user interface of the simulation tool. However, if the model configuration needs to be changed, this must be carried out by a sim...

Most previous efforts have focused on constructing various demand-driven IO models because of their widely accepted usefulness in regional science. After Ghosh’s suggestion of the supply-driven IO model, a debate over its plausibility ensued. Much of this was resolved with Dietzenbacher’s (1997) suggestion of the interpretation of a price model, equivalent to Leontief’s price model. However, in...

This paper proposes an agent-based simulation model to study how competition and collaboration affect supply chains by looking at the problem at a market level. A theory-driven approach is applied to the modelling. The model reflects customers, manufacturers, and suppliers competing and collaborating in a supply chain strategic space. Preliminary results show that the market structure is determ...

A supply chain is a worldwide network of suppliers, manufactures, warehouses, distribution centers, and retailers through which raw materials are acquired, transformed, and delivered to customers. In recent years, a new system approach for managing the supply chain at the tactical and operational levels has emerged. It views a supply chain as composed of a set of intelligent (software) agents, ...