Advances in decision support systems on the endeavour for supply chain optimality

Aggarwal, Rebecca and Lim, Ming (2012). Advances in decision support systems on the endeavour for supply chain optimality. IN: International Conference on Industrial Logistics, ICIL 2012 - conference proceedings. Jacyna-Gołda, Ilona (ed.) University of Zagreb.

Abstract

Industry practitioners are seeking to create optimal logistics networks through more efficient decision-making leading to a shift of power from a centralized position to a more decentralized approach. This has led to researchers, exploring with vigor, the application of agent based modeling (ABM) in supply chains and more recently, its impact on decision-making. This paper investigates reasons for the shift to decentralized decision-making and the impact on supply chains. Effective decentralization of decision-making with ABM and hybrid modeling is investigated, observing the methods and potential of achieving optimality.

Divisions: Engineering & Applied Sciences > Engineering systems & management
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Event Title: 11th International Conference on Industrial Logistics
Event Type: Other
Event Dates: 2012-06-14 - 2012-06-16
Uncontrolled Keywords: agent based modeling,artificial intelligence,decentralized decision-making,logistics networks,supply chain,Industrial and Manufacturing Engineering
Published Date: 2012

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