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In this paper, we propose an Empirically-based Monte Carlo Bus-network (EMB) model as a test bed to simulate intervention strategies to overcome the inefficiencies of bus bunching. The EMB model is an agent-based model which utilizes the positional and temporal data of the buses obtained from the Global Positioning System (GPS) to constitute: (1) a set of empirical velocity distributions of the buses, and (2) a set of exponential distributions of inter-arrival time of passengers at the bus stops. Monte Carlo sampling is then performed on these two derived probability distributions to yield the stochastic dynamics of both the buses' motion and passengers' arrival. Our EMB model is generic and can be applied to any real-world bus network system. In particular, we have validated the model against the Nanyang Technological University's Shuttle Bus System by demonstrating its accuracy in capturing the bunching dynamics of the shuttle buses. Furthermore, we have analyzed the efficacy of three intervention strategies: holding, no-boarding, and centralized-pulsing, against bus bunching by incorporating the rule-set of these strategies into the model. Under the scenario where the buses have the same velocity, we found that all three strategies improve both the waiting and travelling time of the commuters. However, when the buses have different velocities, only the centralized-pulsing scheme consistently outperform the control scenario where the buses periodically bunch together.