IDEAS home Printed from https://ideas.repec.org/a/pal/easeco/v37y2011i1p85-108.html
   My bibliography  Save this article

Open- and Closed-Loop Supply Chain Dynamics: Specification and Exploration of an Agent-based Model

Author

Listed:
  • Christopher S Ruebeck

    (Department of Economics, Lafayette College, 111 Quad Drive, Easton PA 18042, USA)

  • Jeffrey O Pfaffmann

    (Department of Computer Science, Lafayette College, 111 Quad Drive, Easton PA 18042, USA)

Abstract

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.

Suggested Citation

  • Christopher S Ruebeck & Jeffrey O Pfaffmann, 2011. "Open- and Closed-Loop Supply Chain Dynamics: Specification and Exploration of an Agent-based Model," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 37(1), pages 85-108.
    • Handle: RePEc:pal:easeco:v:37:y:2011:i:1:p:85-108
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/eej/journal/v37/n1/pdf/eej201064a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/eej/journal/v37/n1/full/eej201064a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:easeco:v:37:y:2011:i:1:p:85-108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.