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Multi-Objective Optimization Decision for Business Allocation on Blockchain

  • Xi'an Jiaotong University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

The increasing adoption of blockchain technology in supply chain management has sparked widespread interest. However, collaborative order allocation led by enterprises in the chain still faces challenges, including efficiency, traceability and trust issues. In this paper, based on a multi-objective genetic algorithm, an order allocation model is proposed with the objective function of maximizing the interests of the chain owner enterprise (minimizing cost, maximizing efficiency, and maximizing service quality), maximizing the number of enterprises participating in the chain, and optimizing the stability of the blockchain. The optimal solution is determined by employing the TOPSIS decision-making method. Finally, simulation experiments are used to demonstrate the stability and validity of the model.

Original languageEnglish
Title of host publicationProceedings of 2024 IEEE 25th China Conference on System Simulation Technology and its Application, CCSSTA 2024
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages383-387
Number of pages5
ISBN (Electronic)9798350366600
DOIs
StatePublished - 2024
Event25th IEEE China Conference on System Simulation Technology and its Application, CCSSTA 2024 - Tianjin, China
Duration: 21 Jul 2024 → 23 Jul 2024

Publication series

NameProceedings of 2024 IEEE 25th China Conference on System Simulation Technology and its Application, CCSSTA 2024

Conference

Conference25th IEEE China Conference on System Simulation Technology and its Application, CCSSTA 2024
Country/TerritoryChina
CityTianjin
Period21/07/24 → 23/07/24

Keywords

  • Blockchain
  • Multi-criteria Decision-making
  • Multi-objective Genetic Algorithm
  • Order Allocation

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