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The purpose of this paper is to demonstrate how discrete dynamic simulation can be used to measure the impact regulation has on business processes and therefore operational-contractual costs in global agricultural supply chains. In particular, we examine how regulation of genetically modified organisms (GMOs) in the European Union (EU) affects the cost of contracting for soybean supplies between farmers and grain elevator firms in the U.S. Using a simulation model of business processes at adoi:10.1109/wsc.2005.1574485 dblp:conf/wsc/BarnesKC05 fatcat:nooclijiwvbbhbh2ew36rtv3yu