TY - JOUR
T1 - How does the trust affect the topology of supply chain network and its resilience? An agent-based approach
AU - Hou, Yunzhang
AU - Wang, Xiaoling
AU - Wu, Yenchun Jim
AU - He, Peixu
N1 - Publisher Copyright:
© 2018 Elsevier Ltd
PY - 2018/8
Y1 - 2018/8
N2 - 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.
AB - 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.
KW - Complex adaptive system
KW - Multi-agent simulation
KW - Supply chain network
KW - Supply chain resilience
KW - Supply disruption
UR - http://www.scopus.com/inward/record.url?scp=85049624040&partnerID=8YFLogxK
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U2 - 10.1016/j.tre.2018.07.001
DO - 10.1016/j.tre.2018.07.001
M3 - Article
AN - SCOPUS:85049624040
SN - 1366-5545
VL - 116
SP - 229
EP - 241
JO - Transportation Research Part E: Logistics and Transportation Review
JF - Transportation Research Part E: Logistics and Transportation Review
ER -