Innovation Through Acquisition: A Multi-Agent Simulation of the Pharmaceutical Supply Chain

Christian L. Rossetti, Michael Stanko

Research output: Contribution to conferencePresentation

Abstract

Pharmaceutical firms have increasingly used acquisition to buttress internal product development efforts. Using a multi-agent simulation of the pharmaceutical industry we gauge the effectiveness of acquisition to improve product pipeline and financial performance. We find significant positive effects on short term performance while long term effects are less certain.
Original languageAmerican English
StatePublished - May 2014
EventProduction and Operations Management Society Annual Meeting - Washington, D.C.
Duration: May 1 2015 → …

Conference

ConferenceProduction and Operations Management Society Annual Meeting
Period05/1/15 → …

Disciplines

  • Business

Keywords

  • Financial performance
  • Internal product development
  • Multi-agent simulation
  • Pharmaceutical
  • Product pipeline

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