The Open UniversitySkip to content
 

Fuel panics: insights from spatial agent-based simulation

Upton, Eben and Nuttall, William James (2014). Fuel panics: insights from spatial agent-based simulation. IEEE Transactions on Intelligent Transportation Systems, 15(4) pp. 1499–1509.

DOI (Digital Object Identifier) Link: https://doi.org/10.1109/TITS.2014.2302358
Google Scholar: Look up in Google Scholar

Abstract

The United Kingdom has twice suffered major disruptions as a result of fuel panics, first in September 2000, coincident with a wave of fuel protests, and, more recently, in March 2012, following political warnings of a possible future supply chain disruption. In each case, the disruption and economic consequences were serious. In this paper, we demonstrate that agent-based techniques offer a powerful framework for simulation of supply chains and consumers under conditions of transient demand. In the case of fuel panic crisis, we show that even a highly abstract model can reproduce a range of transient phenomena seen in the real world and present a set of practical recommendations for policymakers faced with panic buying.

Item Type: Journal Item
Copyright Holders: 2014 IEEE
ISSN: 1558-0016
Keywords: multi-agent systems; petroleum industry; road transportation; robustness; sociotechnical systems; supply and demand; supply chain management
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM) > Engineering and Innovation
Faculty of Science, Technology, Engineering and Mathematics (STEM)
Interdisciplinary Research Centre: Design and Innovation
Item ID: 40918
Depositing User: William Nuttall
Date Deposited: 19 Sep 2014 13:29
Last Modified: 22 Mar 2017 13:30
URI: http://oro.open.ac.uk/id/eprint/40918
Share this page:

Altmetrics

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU