Application of an Agent-based Supply Chain to Mitigate Supply Chain Disruptions

Abstract

With the advent of globalization, mitigating supply chain disruptions is the differential for any company. However, mitigating supply chain disruption-related risks in companies is a difficult task. There are some ISO norms that provide standards that can make systems to deal with supply chain disruptions and there are some modeling techniques that ensure that supply chain disruptions be mitigated. Although both approaches do not eliminate supply chain disruptions, they have a fundamental importance for supply chain mitigation. In this context, this paper presents an agent-based with the support of some supply chain and risk norms to mitigate supply chain disruptions. The objective of the proposed method is to identify possible hidden supply chain risks, often highlighting previous hidden or overlooked areas of high risk. An example application for a manufacturing firm demonstrates that this model is feasible and can be replicated to different sectors.