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Designing a dynamic buyer-supplier coordination model in electronic markets using stochastic petri nets

Mahdavi, I ; Sharif University of Technology | 2008

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  1. Type of Document: Article
  2. DOI: 10.4018/jisscm.2008070101
  3. Publisher: 2008
  4. Abstract:
  5. Functional relationship between supplier and buyer in an open market place leads to investigate the role of both quantifiable and non-quantifiable parameters in coordination mechanism with the aim of achieving higher performance in supply chain activities. Here, we develop a supply chain model and a new agent to analyze and simulate the players' behavior in the network. A cooperative game theory framework is utilized between buyer and supplier in order to increase the supply chain performance. The study is supported by presenting SC Net Optimizer as a tool for implementing the proposed coordination mechanism and evaluates the performance of the chain by simulation using stochastic Petri nets (SPNs). The model provides a more realistic optimization process by taking into consideration the dynamic information flow in an uncertainty environment. Copyright © 2008, IGI Global
  6. Keywords:
  7. Supply chain coordination ; SPNs ; Game theory ; Agent
  8. Source: International Journal of Information Systems and Supply Chain Management ; Volume 1, Issue 3 , 2008 , Pages 1-20 ; 19355726 (ISSN)
  9. URL: https://www.igi-global.com/gateway/article/2504