Agent-based Modeling

Simulation-based evaluation of vendor-managed inventory approach for a FMCG supply chain

Currently, distributors of a FMCG company manage their inventories individually by placing weekly orders according to their needs and sell-in targets to the central manufacturing facility. Company is considering to shift to an alternative supply chain-wide stock management scheme; i.e. "Vendor Managed Inventory” model. In this model, the producer will be making replenishment decision centrally for all distributors in-line with their sell-out performance and agreed stock level.

Dynamics of Income Segregation & Income Inequality

In this study, to shed more light on income segregation, an agent-based model is built to investigate how income inequality affects income segregation and its characteristics. The model is capable of demonstrating the expected positive relationship between income inequality and income segregation both statistically and visually. In addition, it is found that income inequality conditions the possible levels of income segregation although its positive impact tends to saturate at higher levels.

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