Global Supply Chain Network Dynamics with Multicriteria Decision-Making Under Risk and Uncertainty

This study proposes a dynamic global supply chain network model which includes distinct speeds of adjustment. The model also captures decision-making under risk and uncertainty associated with both the supply-side and the demand-side. The model assumes three tiers of decision-makers: manufacturers, distributors, and retailers. The manufacturers, distributors, and retailers may be based in the same or in different countries and may transact in different currencies. The authors allow for electronic transactions in the form of electronic commerce between the manufacturers and the retailers as well as between the distributors and the retailers since the retailers may be physical or virtual. In addition, supply-side risk and demand-side risk are handled in this formulation, with the former being expressed as a multicriteria decision-making problem for each manufacturer and distributor (with distinct weights associated with the criteria) and the latter being handled with the use of uncertain demands. The proposed framework allows for the modeling and theoretical analysis of global supply chain networks, which involve competition within a tier of decision-makers but cooperation between tiers. This framework is applied to several numerical examples to demonstrate the model's computational procedure and efficacy.


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  • Accession Number: 01010476
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 21 2005 12:37PM