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

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.