Hristoski, Ilija and Markoska, Ramona and Dimovski, Tome and Rendevski, Nikola and Stojanov, Željko (2019) STOCK-AND-FLOW SIMULATION MODELING FOR ASSESSING BASIC SUPPLY CHAIN OPERATIONS. In: 11th International Conference “Digital Transformation of the Economy and Society: Shaping the Future”, 19-20 October, 2019, Prilep, Republic of Macedonia.
Preview |
Text
Proceedings_2019_pp_269-283.pdf Download (955kB) | Preview |
Abstract
The supply chain is a backbone of business operations, an indispensable part of every organization, whether small or large. Effective supply chain management (SCM) is one of the most important aspects of running a successful and profitable business, leading to maximizing customer value and achieving a sustainable competitive advantage over the competitors. In the era of omnipresent digitalization, SCM is subject to intensive ICT support that transforms supply chain operations in a profound manner. The aim of the paper is to propose a basic simulation modeling framework suitable
for carrying out various analyses vis-à-vis supply chain operations, based on the utilization of continuous stock-and-flow simulations. The resulting simulation model allows one to run various scenarios, making a plethora of ‘what-if’ analyses regarding a number of adjustable input variables.
As an example of how digital transformation affects traditional supply chains, it provides a solid basis for further enhancements and inclusion of additional input and output parameters for forecasting purposes.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Natural sciences > Computer and information sciences Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Economics |
| Depositing User: | Mr Dimitar Risteski |
| Date Deposited: | 05 Feb 2020 12:16 |
| Last Modified: | 05 Feb 2020 12:16 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/2451 |
Actions (login required)
 |
View Item |