Publication Date
2022
Conference Title
Modeling, Simulation and Visualization Student Capstone Conference 2022
Conference Track
Transportation, Business & Industry
Document Type
Paper
Abstract
Supplier selection is a subfield of supply chain management that involves multiple steps in order for decision-makers to find suitable suppliers. Supplier selection is important as it could influence the whole company positively or negatively. It has, recently, become a topic of interest because of the recent pandemic and its effect on the global supply chain, which causes supply shortages. As such, the focus of this paper is on characteristics of decision-making modeling approaches, specifically agent-based modeling and multi-agent systems, in supplier selection, as its modeling has always been a challenge for companies due to its complex nature.
Keywords:
Supplier selection, Strategic decision-making, Agent-based modeling, Multi-agent systems
Start Date
4-14-2022
End Date
4-14-2022
Recommended Citation
Etemadidavan, Sheida and Collins, Andrew J., "A Discussion on Supplier Selection Modeling Approaches" (2022). Modeling, Simulation and Visualization Student Capstone Conference. 1. DOI:10.25776/qd5q-kx67 https://digitalcommons.odu.edu/msvcapstone/2022/transbusindustry/1
DOI
10.25776/qd5q-kx67
Included in
Operations and Supply Chain Management Commons, Operations Research, Systems Engineering and Industrial Engineering Commons
A Discussion on Supplier Selection Modeling Approaches
Supplier selection is a subfield of supply chain management that involves multiple steps in order for decision-makers to find suitable suppliers. Supplier selection is important as it could influence the whole company positively or negatively. It has, recently, become a topic of interest because of the recent pandemic and its effect on the global supply chain, which causes supply shortages. As such, the focus of this paper is on characteristics of decision-making modeling approaches, specifically agent-based modeling and multi-agent systems, in supplier selection, as its modeling has always been a challenge for companies due to its complex nature.