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A fuzzy synthetic evaluation embedded tabu search for risk programming of virtual enterprises

Author

Listed:
  • Huang, Min
  • Ip, W.H.
  • Yang, Hongmei
  • Wang, Xingwei
  • Lau, Henry C.W.

Abstract

Virtual enterprises (VEs) are essential components of global manufacturing. Minimizing risk is the key problems to overcome in order to ensure the success of a VE. The operation of VE is always organized by project mode and there are many uncertain factors that are fuzzy in VE. This paper focuses on these two main features of VE. It establishes the fuzzy synthetic evaluation embedded nonlinear integer programming model of risk programming for virtual enterprises and presents a tabu search algorithm with an embedded fuzzy synthetic evaluation for the model. A simulation study suggests that the method is effective.

Suggested Citation

  • Huang, Min & Ip, W.H. & Yang, Hongmei & Wang, Xingwei & Lau, Henry C.W., 2008. "A fuzzy synthetic evaluation embedded tabu search for risk programming of virtual enterprises," International Journal of Production Economics, Elsevier, vol. 116(1), pages 104-114, November.
    • Handle: RePEc:eee:proeco:v:116:y:2008:i:1:p:104-114
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    References listed on IDEAS

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    1. Fred Glover, 1989. "Tabu Search---Part I," INFORMS Journal on Computing, INFORMS, vol. 1(3), pages 190-206, August.
    2. Fan, Miao & Lin, Neng-Pai & Sheu, Chwen, 2008. "Choosing a project risk-handling strategy: An analytical model," International Journal of Production Economics, Elsevier, vol. 112(2), pages 700-713, April.
    3. Hallikas, Jukka & Karvonen, Iris & Pulkkinen, Urho & Virolainen, Veli-Matti & Tuominen, Markku, 2004. "Risk management processes in supplier networks," International Journal of Production Economics, Elsevier, vol. 90(1), pages 47-58, July.
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    Cited by:

    1. Esposito, Emilio & Evangelista, Pietro, 2014. "Investigating virtual enterprise models: literature review and empirical findings," International Journal of Production Economics, Elsevier, vol. 148(C), pages 145-157.

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