An open-source spatial agent-based model demonstrates that firm adaptations via capital hardening and backup-supplier search reduce direct losses by 26% and supplier disruptions by 48% in an illustrative global supply-chain network while highlighting indirect cascade effects on non-flooded firms.
The economy needs agent-based modelling.Nature, 460(7256): 685–686, 2009
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Modelling Cascading Physical Climate Risk in Supply Chains with Adaptive Firms: A Spatial Agent-Based Framework
An open-source spatial agent-based model demonstrates that firm adaptations via capital hardening and backup-supplier search reduce direct losses by 26% and supplier disruptions by 48% in an illustrative global supply-chain network while highlighting indirect cascade effects on non-flooded firms.