ShortageSim: Simulating Drug Shortages under Information Asymmetry
PositiveArtificial Intelligence
- ShortageSim has been introduced as a simulation framework designed to evaluate the impact of regulatory interventions on drug shortages, particularly under conditions of information asymmetry in pharmaceutical supply chains. This framework utilizes Large Language Model-based agents to model the strategic decisions of drug manufacturers and institutional buyers in response to regulatory alerts regarding shortages.
- The development of ShortageSim is significant as it addresses critical gaps in understanding how regulatory actions influence competition dynamics in the pharmaceutical industry. By simulating various interpretations of regulatory announcements, it aims to improve the resolution of drug shortages, ultimately enhancing patient care and the efficiency of healthcare systems.
— via World Pulse Now AI Editorial System

