We generalize a wide class of time-continuous microscopic traffic models to include essential aspects of driver behaviour not captured by these models. Specifically, we consider (i) finite reaction times, (ii) estimation errors, (iii) looking several vehicles ahead (spatial anticipation), and...

Due to delays in the adaptation of production or delivery rates, supply chains can be dynamically unstable with respect to perturbations in the consumption rate, which is known as “bull-whip effect”. Here, we study several conceivable production strategies to stabilize supply chains, which...