Supplier Performance Prediction for Future Collaboration: Based on Markov Chain Model

Mohammad Azadfallah
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Mohammad Azadfallah: Saipayadak, Tehran, Iran

International Journal of Business Analytics (IJBAN), 2017, vol. 4, issue 4, 48-59

Abstract: Today, long-term relationship plays a vital role in supplier selection for supply chain management. The main reason is that long-term relationships can act as a mechanism for shifting the chains strategic focus from price to value and priorities long-term benefit over short-term gains. Since, in this paper we tried to address a method for optimal long-term alternative prediction and selection, focusing on purchase volume factor. For this, Markov chain model had been used and the final result showed improved effectiveness.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jban00:v:4:y:2017:i:4:p:48-59

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