Quantifying value of information sharing in supply chain: Research by simulating based on agent
Liu Sanya
Abstract
Liu Sanya
Abstract
For supply chain management, the quantitative value of information will redound to coordination among supply chain members and carrying out the strategy of information sharing. So a three-level supply chain with nonlinear demand process AR(1) is considered and modeled by agent. At the same time, (agent's) architecture, inter-agent interaction, agents' decision-making and the operation process of the supply chain system based agent are discussed in detail. On this basis, the value of information sharing was studied by simulation. In the simulation, the value of information sharing and its distribution among the whole supply chain system as well as every supply chain members are analyzed. Further, the effect on the cost structure of distributor is discussed.
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For supply chain management, the quantitative value of information will redound to coordination among supply chain members and carrying out the strategy of information sharing. So a three-level supply chain with nonlinear demand process AR(1) is considered and modeled by agent. At the same time, (agent's) architecture, inter-agent interaction, agents' decision-making and the operation process of the supply chain system based agent are discussed in detail. On this basis, the value of information sharing was studied by simulation. In the simulation, the value of information sharing and its distribution among the whole supply chain system as well as every supply chain members are analyzed. Further, the effect on the cost structure of distributor is discussed.
Key concepts: Supply chain, Information sharing, Computer science, Service management, Supply chain management, Process (computing), Value of information, Value (mathematics)