Hybrid modeling approach for supply-chain simulation

Abstract

This paper proposes a novel simulation-modeling framework that combines discrete-event simulations with system-dynamics simulations. The former represents both operational processes inside of a supply-chain, and the later represents management environment outside of a supply-chain. Further, the paper also discusses modeling capabilities of the proposed framework for supply-chain systems in real world by using several example simulation models. © 2008 International Federation for Information Processing.