Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288662 
Year of Publication: 
2020
Citation: 
[Journal:] Annals of Operations Research [ISSN:] 1572-9338 [Volume:] 305 [Issue:] 1-2 [Publisher:] Springer US [Place:] New York, NY [Year:] 2020 [Pages:] 487-512
Publisher: 
Springer US, New York, NY
Abstract: 
In the past, most companies in the European apparel industry focused on minimizing manufacturing costs in the design of supply chains in conjunction with long-distance shipping from production sites in the Far East and relatively long production cycles. Today, for some market segments, the speed of production cycles is more important than the cost because short throughput time allows the flexibility to adjust to rapidly changing fashion trends in these market segments. Accordingly, choosing the most beneficial supply chain strategy has become an established research topic. However, apparel markets are complex systems. Therefore, attempts to reduce the underlying complexity in order to model these markets have limited existing research to the consideration of only selected aspects of markets (e.g., considering only homogeneous buyers, a single period, a single product, or a single manufacturer in the absence of competition) rather than taking a more comprehensive view. These limitations can be overcome by applying an agent-based simulation approach—an approach that can account for a wider range of factors, including several competing manufacturers utilizing different supply chain strategies, individual consumer preferences and behavior, word-of-mouth communication, normative social influence, and first-hand experience, as well as advertising. In this paper, the capability potential of such agent-based market simulation is demonstrated by investigating two supply chain strategies (fast fashion vs. traditional fashion) with varying product and communication strategies (product attributes and advertising) in several market scenarios.
Subjects: 
Agent-based simulation
Supply chain management
Apparel industry
Fast fashion
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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