Mitigating supply chain disruption for manufacturing firms — A framework using agent-based model

In an era of worldwide economic downturn, managing supply chain disruptions is the best option in the success of any firm. In this context, this paper presents a supply chain risk mitigation framework for manufacturing firms. It was used agent-based model to create a framework to deal with the supply chain disruption. To validate the proposed model, it was used Petri net to assess the structural properties of the agent-based supply chain risk framework. It was given an example application of the proposed framework and findings demonstrated that this model is feasible and can be used as a mitigation tool to deal with the supply chain disruption of the manufacturing firms.