A model for capturing the effects of Macroeconomic indicators on aggregate planning in a supply network
| dc.contributor.author | Opadiji, Jayeola | |
| dc.contributor.author | Kaihara, Toshiya | |
| dc.date.accessioned | 2019-06-03T08:30:43Z | |
| dc.date.available | 2019-06-03T08:30:43Z | |
| dc.date.issued | 2006 | |
| dc.description.abstract | As competition in the global market is getting tougher, firms are turning to their supply networks in order to improve their competitiveness. This is done by improving the performance of some components of the supply network while not violating the requirements of the other components. This is undoubtedly a difficult task to achieve considering the autonomous nature of these units of the network and also their distributed topology. Within the last few years, firms have resulted into a globalization of their industrial workspace in order to put a lid on cost as well as harness the opportunities of new markets. The globalization of these workspaces however introduces new challenges to the supply chain of these firms in the form of impediments to trade across national borders. We present a model for estimating the effects of some of these macroeconomic indicators on a firms supply network. We define the supply network as a virtual enterprise network which has the ability of taking advantage of the technology provided by existing telecommunication networks including the internet, to conduct transactions and also provide for easy reconfiguration across enterprise boundaries. In this model, enterprise units are represented as trading agents operating within a competitive market structure to arrive at a paretoallocation of resources in the network. We first describe a process of trading among the agents within a Walrasian market structure and then we consider the effects of two macroeconomic variables – per-capital income and interest rates – on the pareto-allocation of resources in the virtual enterprise network. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/2043 | |
| dc.language.iso | en | en_US |
| dc.publisher | Tokyo Institute of Technology, Japan. | en_US |
| dc.subject | Aggregate Planning | en_US |
| dc.subject | Macroeconomic Indicators | en_US |
| dc.subject | Supply Network | en_US |
| dc.title | A model for capturing the effects of Macroeconomic indicators on aggregate planning in a supply network | en_US |
| dc.type | Article | en_US |