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Fuzzy multi-objective programming for supplier selection and risk modeling: A possibility approach

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  • Wu, Desheng Dash
  • Zhang, Yidong
  • Wu, Dexiang
  • Olson, David L.

Abstract

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.

Suggested Citation

  • Wu, Desheng Dash & Zhang, Yidong & Wu, Dexiang & Olson, David L., 2010. "Fuzzy multi-objective programming for supplier selection and risk modeling: A possibility approach," European Journal of Operational Research, Elsevier, vol. 200(3), pages 774-787, February.
  • Handle: RePEc:eee:ejores:v:200:y:2010:i:3:p:774-787
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    References listed on IDEAS

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    Cited by:

    1. repec:spr:joinma:v:29:y:2018:i:4:d:10.1007_s10845-015-1128-3 is not listed on IDEAS
    2. Blome, Constantin & Schoenherr, Tobias, 2011. "Supply chain risk management in financial crises--A multiple case-study approach," International Journal of Production Economics, Elsevier, vol. 134(1), pages 43-57, November.
    3. Sirbiladze, Gia & Khutsishvili, Irina & Ghvaberidze, Bezhan, 2014. "Multistage decision-making fuzzy methodology for optimal investments based on experts’ evaluations," European Journal of Operational Research, Elsevier, vol. 232(1), pages 169-177.
    4. Zeki Ayağ & Funda Samanlioglu, 2016. "An intelligent approach to supplier evaluation in automotive sector," Journal of Intelligent Manufacturing, Springer, vol. 27(4), pages 889-903, August.
    5. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-015-1789-5 is not listed on IDEAS
    6. Hosseininasab, Amin & Ahmadi, Abbas, 2015. "Selecting a supplier portfolio with value, development, and risk consideration," European Journal of Operational Research, Elsevier, vol. 245(1), pages 146-156.
    7. Zhou, Wei & Xu, Zeshui, 2016. "Generalized asymmetric linguistic term set and its application to qualitative decision making involving risk appetites," European Journal of Operational Research, Elsevier, vol. 254(2), pages 610-621.
    8. Yu, Yugang & Hong, Zhaofu & Zhang, Linda L. & Liang, Liang & Chu, Chengbin, 2013. "Optimal selection of retailers for a manufacturing vendor in a vendor managed inventory system," European Journal of Operational Research, Elsevier, vol. 225(2), pages 273-284.
    9. Simon Li & Wei Zeng, 2016. "Risk analysis for the supplier selection problem using failure modes and effects analysis (FMEA)," Journal of Intelligent Manufacturing, Springer, vol. 27(6), pages 1309-1321, December.
    10. repec:gam:jsusta:v:9:y:2017:i:8:p:1433-:d:108558 is not listed on IDEAS
    11. Koen W. De Bock, 2017. "The best of two worlds: Balancing model strength and comprehensibility in business failure prediction using spline-rule ensembles," Post-Print hal-01588059, HAL.
    12. Kuzu, Kaan & Li, Wanxi, 2016. "Exploring supplier performance risk and the buyer's role using chance-constrained data envelopment analysisAuthor-Name: Ross, Anthony D," European Journal of Operational Research, Elsevier, vol. 250(3), pages 966-978.
    13. Li, Haitao & Womer, Keith, 2012. "Optimizing the supply chain configuration for make-to-order manufacturing," European Journal of Operational Research, Elsevier, vol. 221(1), pages 118-128.
    14. Seyedmohsen Hosseini & Abdullah Al Khaled, 0. "A hybrid ensemble and AHP approach for resilient supplier selection," Journal of Intelligent Manufacturing, Springer, vol. 0, pages 1-22.
    15. Faiza Hamdi & Ahmed Ghorbel & Faouzi Masmoudi & Lionel Dupont, 0. "Optimization of a supply portfolio in the context of supply chain risk management: literature review," Journal of Intelligent Manufacturing, Springer, vol. 0, pages 1-26.
    16. repec:spr:infsem:v:15:y:2017:i:4:d:10.1007_s10257-016-0328-5 is not listed on IDEAS
    17. repec:spr:ijsaem:v:8:y:2017:i:2:d:10.1007_s13198-017-0628-2 is not listed on IDEAS
    18. Keunho Choi & Gunwoo Kim & Yongmoo Suh & Donghee Yoo, 0. "Assignment of collaborators to multiple business problems using genetic algorithm," Information Systems and e-Business Management, Springer, vol. 0, pages 1-19.

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