Selection of supplier portfolio in the presence of operational risk and disruption risk

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In a make-to-order environment, manufactures should make preparations for production to fulfill stochastic customers' demand at low costs and risk levels. This research focuses on two risk levels: operational risks and disruption risks, and correspondingly, two kinds of evaluation models-value at risk and conventional value at risk-is presented to qualify them. Then, conventional criteria are incorporated into a multi-objective model with hybrid risks. The proposed GA-based approach is able to balance these objectives during supplier portfolio selection and order allocation. Finally, computational examples are presented to illustrate how the decision is made.

Original languageEnglish
Title of host publicationIEEM 2015 - 2015 IEEE International Conference on Industrial Engineering and Engineering Management
PublisherIEEE Computer Society
Pages1825-1829
Number of pages5
ISBN (Electronic)9781467380669
DOIs
StatePublished - 18 Jan 2016
Externally publishedYes
EventIEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2015 - Singapore, Singapore
Duration: 6 Dec 20159 Dec 2015

Publication series

NameIEEE International Conference on Industrial Engineering and Engineering Management
Volume2016-January
ISSN (Print)2157-3611
ISSN (Electronic)2157-362X

Conference

ConferenceIEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2015
Country/TerritorySingapore
CitySingapore
Period6/12/159/12/15

Keywords

  • Disruption risk
  • genetic algorithm
  • operational risk

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