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A Coordination of Risk Management for Supply Chains Organized as Virtual Enterprises
Joint Authors
Huang, Min
Lu, Fu-Qiang
Bi, Hua-Ling
Wang, Xingwei
Source
Mathematical Problems in Engineering
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-03-12
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
As a new management mode, great attention has been paid to virtual enterprise (VE).
While there is much research material on risk management of VE, a relationship perspective on owner and partner performance assessment and management can bring an added dimension.
The coordination of risk management in fashion and textiles (FTs) supply chain organized as a VE is studied in this paper.
The aim of this study is to find proper decision mechanisms that can improve the overall performance of risk management for the whole VE as well as each member.
For the risk management problem in VE, a centralized mechanism is given as the base case, and then a distributed decision-making (DDM) mechanism with incentive scheme is introduced to establish a practicable strategic partnership.
Under the DDM mechanism, a relationship performance definition that incorporates the financial dimension is investigated.
For the two resulting optimization problems, a particle swarm optimization (PSO) algorithm is designed.
In the numerical examples, the study shows that the DDM mechanism with incentive scheme can improve the overall benefit of risk management beyond the centralized one.
Additionally, sensitivity analysis is conducted with respect to the bonus parameter, and suggestions are made for further research.
American Psychological Association (APA)
Huang, Min& Wang, Xingwei& Lu, Fu-Qiang& Bi, Hua-Ling. 2013. A Coordination of Risk Management for Supply Chains Organized as Virtual Enterprises. Mathematical Problems in Engineering،Vol. 2013, no. 2013, pp.1-11.
https://search.emarefa.net/detail/BIM-1032464
Modern Language Association (MLA)
Huang, Min…[et al.]. A Coordination of Risk Management for Supply Chains Organized as Virtual Enterprises. Mathematical Problems in Engineering No. 2013 (2013), pp.1-11.
https://search.emarefa.net/detail/BIM-1032464
American Medical Association (AMA)
Huang, Min& Wang, Xingwei& Lu, Fu-Qiang& Bi, Hua-Ling. A Coordination of Risk Management for Supply Chains Organized as Virtual Enterprises. Mathematical Problems in Engineering. 2013. Vol. 2013, no. 2013, pp.1-11.
https://search.emarefa.net/detail/BIM-1032464
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1032464