Fuzzy multi-objective programming for supplier selection and risk modeling: A possibility approach
Dash Wu (),
Dexiang Wu and
David L. Olson
European Journal of Operational Research, 2010, vol. 200, issue 3, 774-787
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.
Keywords: Supplier; selection; Risk; Fuzzy; multi-objective; programming; Multiple; criteria; Chance; constraint (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:200:y:2010:i:3:p:774-787
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