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<title>An agent-based simulator for quantifying the cost of uncertainty in production systems</title>
<creator>Costas-Gual, José</creator>
<creator>Puche Regaliza, Julio César</creator>
<creator>Ponte, Borja</creator>
<creator>Gupta, Mahesh C.</creator>
<subject>Agent-based modelling</subject>
<subject>Model-driven decision support system</subject>
<subject>Petri nets</subject>
<subject>Product-mix problem</subject>
<subject>Simulation</subject>
<subject>Theory of constraints</subject>
<description>Product-mix problems, where a range of products that generate different incomes compete for a&#xd;
limited set of production resources, are key to the success of many organisations. In their&#xd;
deterministic forms, these are simple optimisation problems; however, the consideration of stochasticity may turn them into analytically and/or computationally intractable problems. Thus,&#xd;
simulation becomes a powerful approach for providing efficient solutions to real-world productmix problems. In this paper, we develop a simulator for exploring the cost of uncertainty in these&#xd;
production systems using Petri nets and agent-based techniques. Specifically, we implement a&#xd;
stochastic version of Goldratt’s PQ problem that incorporates uncertainty in the volume and mix&#xd;
of customer demand. Through statistics, we derive regression models that link the net profit to the&#xd;
level of variability in the volume and mix. While the net profit decreases as uncertainty grows, we&#xd;
find that the system is able to effectively accommodate a certain level of variability when using a&#xd;
Drum-Buffer-Rope mechanism. In this regard, we reveal that the system is more robust to mix&#xd;
than to volume uncertainty. Later, we analyse the cost-benefit trade-off of uncertainty reduction,&#xd;
which has important implications for professionals. This analysis may help them optimise the&#xd;
profitability of investments. In this regard, we observe that mitigating volume uncertainty should&#xd;
be given higher consideration when the costs of reducing variability are low, while the efforts are&#xd;
best concentrated on alleviating mix uncertainty under high costs.</description>
<date>2023-02-13</date>
<date>2023-02-13</date>
<date>2023-02</date>
<type>info:eu-repo/semantics/article</type>
<identifier>1569-190X</identifier>
<identifier>http://hdl.handle.net/10259/7441</identifier>
<identifier>10.1016/j.simpat.2022.102660</identifier>
<language>eng</language>
<relation>Simulation Modelling Practice and Theory. 2023, V. 123, 102660</relation>
<relation>https://doi.org/10.1016/j.simpat.2022.102660</relation>
<relation>info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-117021GB-I00/ES/ACELERANDO LA TRANSICIÓN HACIA REDES DE ECONOMÍA CIRCULAR RESILIENTE: PREVISIÓN, CONTROL DE INVENTARIOS Y PRODUCCIÓN, LOGÍSTICA INVERSA Y DINÁMICA DE LA CADENA DE SUMINISTRO/</relation>
<rights>http://creativecommons.org/licenses/by-nc-nd/4.0/</rights>
<rights>info:eu-repo/semantics/openAccess</rights>
<rights>Attribution-NonCommercial-NoDerivatives 4.0 Internacional</rights>
<publisher>Elsevier</publisher>
</thesis></metadata></record></GetRecord></OAI-PMH>