A multi-criterion partner selection problem for virtual manufacturing enterprises under uncertainty

Bin Huang, Lihui Bai, Arnab Roy and Ningning Ma

International Journal of Production Economics, 2018, vol. 196, issue C, 68-81

Abstract: We study a partner selection problem for virtual manufacturing enterprises facing an uncertain environment. We propose a new method of using the grey system theory to account for uncertainties in a project's start time, completion time, transportation time, as well as cost. We first develop the concepts of delivery time agreement index and cost agreement index, and then formulate a multi-objective partner selection problem that maximizes the minimum delivery time agreement index, the average delivery time agreement index and the cost agreement index. A chaotic particle swarm optimization (CPSO) algorithm is developed. Extensive computational results show that the proposed CPSO method outperforms the standard PSO in providing quality solutions more reliably.

Keywords: Partner selection; Virtual enterprise; Particle swarm optimization algorithm; Grey environment (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:196:y:2018:i:c:p:68-81

DOI: 10.1016/j.ijpe.2017.08.024

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