Diversified firms on dynamical supply chain cope with financial crisis better

• Published in: International journal of production economics Vol. 150; pp. 239 - 245
• Main Authors: Chong, You Quan, Wang, Bin, Yue Tan, Gladys Li, Cheong, Siew Ann
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.04.2014; Elsevier Sequoia S.A
• Subjects: Agent-based modeling; Buying; Climatology; Company lifetime; Computer simulation; Customers; Diversification; Economic crisis; Economics; Financial crisis; Middlemen; Strategy; Studies; Supply chain management; Supply chain network; Supply chains; Vertical integration; Weather; Supply chain network; Agent-based modeling; Diversification; Company lifetime; Financial crisis

To investigate whether diversification within a supply chain can help middlemen firms survive prolonged financial crises, we simulated an extension of the dynamical supply chain network model by Mizgier et al. (2012) under normal and crisis economic conditions. In these simulations, firms in the mid...