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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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