Fuzzy multi-objective programming for supplier selection and risk modeling: A possibility approach

Selection of supply chain partners is an important decision involving multiple criteria and risk factors. This paper proposes a fuzzy multi-objective programming model to decide on supplier selection taking risk factors into consideration. We model a supply chain consisting of three levels and use s...

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Bibliographic Details
Published in:European journal of operational research Vol. 200; no. 3; pp. 774 - 787
Main Authors: Wu, Desheng Dash, Zhang, Yidong, Wu, Dexiang, Olson, David L.
Format: Journal Article
Language:English
Published: Amsterdam Elsevier B.V 01.02.2010
Elsevier
Elsevier Sequoia S.A
Series:European Journal of Operational Research
Subjects:
Applied sciences
Chance constraint
Decision theory. Utility theory
Exact sciences and technology
Fuzzy logic
Fuzzy multi-objective programming
Logistics
Mathematical programming
Multiple criteria
Multiple criteria decision making
Operational research and scientific management
Operational research. Management science
Risk
Risk factors
Risk theory. Actuarial science
Simulation
Studies
Supplier selection
Supplier selection Risk Fuzzy multi-objective programming Multiple criteria Chance constraint
Suppliers
Supply chains
Supplier selection
Risk
Multiple criteria
Fuzzy multi-objective programming
Chance constraint
Probabilistic approach
Multicriteria analysis
Decision making
Multiobjective programming
Fuzzy programming
Risk taking
Risk analysis
Modeling
Fuzzy logic
Multiserver queue
Risk factor
Supplier
Risk management
Logistics
ISSN:0377-2217, 1872-6860
Online Access:Get full text
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Summary:Selection of supply chain partners is an important decision involving multiple criteria and risk factors. This paper proposes a fuzzy multi-objective programming model to decide on supplier selection taking risk factors into consideration. We model a supply chain consisting of three levels and use simulated historical quantitative and qualitative data. We propose a possibility approach to solve the fuzzy multi-objective programming model. Possibility multi-objective programming models are obtained by applying possibility measures of fuzzy events into fuzzy multi-objective programming models. Results indicate when qualitative criteria are considered in supplier selection, the probability of a certain supplier being selected is affected.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ISSN:0377-2217
1872-6860
DOI:10.1016/j.ejor.2009.01.026