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How does the trust affect the topology of supply chain network and its resilience? An agent-based approach

Yunzhang Hou, Xiaoling Wang, Yenchun Jim Wu and Peixu He

Transportation Research Part E: Logistics and Transportation Review, 2018, vol. 116, issue C, 229-241

Abstract: This paper builds a dynamic supply chain network, where firms can select suppliers according to the trust, the selling price or just randomly. Simulation results show that the trust-based rule can significantly increase the aggregated working capital and decrease firm's likelihoods of bankruptcy. Moreover, firms' sizes under trust-based and price-based rules follow power-law distributions. The degree distribution of supply chain network under price-based rule follows a power-law distribution, while those under trust-based and randomly-choosing rules are similar to that of random network. Furthermore, results also indicate that trust-based rule is the most robust one against random and targeted disruptions.

Keywords: Supply chain network; Supply chain resilience; Complex adaptive system; Supply disruption; Multi-agent simulation (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:transe:v:116:y:2018:i:c:p:229-241