%0 Journal Article %1 farhanaktharsyedamerali2014aeroengine %A Farhan Akthar, Syed Amer Ali, Shiva Prasad Padigala %A Bhaskar, Bommidi %D 2014 %E and Dr. H. N. Jagtap, %J Indian Streams Research Journal %K %N 7 %T THE AERO-ENGINE VALUE CHAIN UNDER FUTURE BUSINESS ENVIRONMENTS USING AGENT-BASED SIMULATION TO UNDERSTAND DYNAMIC BEHAVIOUR %U http://isrj.net/UploadedData/5231.pdf %V 4 %X Agent-based modeling is gaining popularity for investigating the behavior of complex systems involving interactions of many players or agents. In this paper an agent-based simulation modeling technique is applied to understand the long term implications of strategy decisions for an aerospace value chain. The industry has unique elements including new business models, high levels of collaboration, long product lifecycles and long periods before positive paybacks are realized. Forecasting market conditions over this long term lifespan is inherently problematic and adds further complexity when devising a strategy. The model described includes all the major players and entities in the value chain and their interactions. Illustrative results are presented to demonstrate how the simulation approach can be used to evaluate strategy and policy decisions and their operational implications over the long term.

@article{farhanaktharsyedamerali2014aeroengine, abstract = {Agent-based modeling is gaining popularity for investigating the behavior of complex systems involving interactions of many players or agents. In this paper an agent-based simulation modeling technique is applied to understand the long term implications of strategy decisions for an aerospace value chain. The industry has unique elements including new business models, high levels of collaboration, long product lifecycles and long periods before positive paybacks are realized. Forecasting market conditions over this long term lifespan is inherently problematic and adds further complexity when devising a strategy. The model described includes all the major players and entities in the value chain and their interactions. Illustrative results are presented to demonstrate how the simulation approach can be used to evaluate strategy and policy decisions and their operational implications over the long term.}, added-at = {2016-04-08T12:23:17.000+0200}, author = {{Farhan Akthar, Syed Amer Ali}, Shiva Prasad Padigala and Bhaskar, Bommidi}, biburl = {https://www.bibsonomy.org/bibtex/26d96a4ba73622a7336df72f4132437eb/lizrf1}, editor = {and Dr. H. N. Jagtap}, interhash = {8f4345028a5df34bf0656aa8f89f59ac}, intrahash = {6d96a4ba73622a7336df72f4132437eb}, journal = {Indian Streams Research Journal}, keywords = {}, month = {August}, number = 7, timestamp = {2016-04-08T12:23:17.000+0200}, title = {THE AERO-ENGINE VALUE CHAIN UNDER FUTURE BUSINESS ENVIRONMENTS USING AGENT-BASED SIMULATION TO UNDERSTAND DYNAMIC BEHAVIOUR}, url = {http://isrj.net/UploadedData/5231.pdf}, volume = 4, year = 2014 }