Multi-criteria optimisation under the conditions of uncertainty in logistics and supply chain management

Gennady L. Brodetskiy, Denis A. Gusev and Ivan G. Shidlovskii

International Journal of Logistics Systems and Management, 2021, vol. 39, issue 2, 207-227

Abstract: The purpose of this paper is to research multi-criteria decision-making optimisation problems of logistics systems and supply chains considering conditions of uncertainty. The article presents an approach that allows adapting the procedures of multi-criteria optimisation to the format of conditions of uncertainty. This approach is relevant for the situation when a manager does not have reliable estimates for the probability of random events and cannot use decision-making methods under risk conditions. The study proposes the synthesis of optimisation procedures, including the format of the multiple criteria decision-making theory and the format of procedures developed in the theory of decision-making in conditions of uncertainty. The specifics of this approach and algorithm for optimising such solutions are presented according to the inventory management problem.

Keywords: choice at many criteria; uncertainty in logistics; supply chains risk management; selection procedures; synthesis of methods; inventory management. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlsma:v:39:y:2021:i:2:p:207-227

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