Open- and Closed-Loop Supply Chain Dynamics: Specification and Exploration of an Agent-based Model
Christopher Ruebeck and
Jeffrey O Pfaffmann
Additional contact information
Jeffrey O Pfaffmann: Department of Computer Science, Lafayette College, 111 Quad Drive, Easton PA 18042, USA
Eastern Economic Journal, 2011, vol. 37, issue 1, 85-108
We develop an inter-firm shipping pallet supply chain model and explore the geographic features of market structures that can evolve within it, focusing on the common resource nature of pallet durability. While exploring the model's parameter space we find regions in which the outcomes do not put the model's assumptions in doubt. The insights reveal modeling considerations for an “open-loop” structure, where the shipping pallets received by retailers pass through third parties before returning to manufacturers. Our approach to validation is at the level of “stylized facts,” accepting model parameters that produce outcomes matching characteristics of firms’ geographic location.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.palgrave-journals.com/eej/journal/v37/n1/pdf/eej201064a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/eej/journal/v37/n1/full/eej201064a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:37:y:2011:i:1:p:85-108
Ordering information: This journal article can be ordered from
Access Statistics for this article
Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak
More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().