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Designing a Dynamic Buyer-Supplier Coordination Model in Electronic Markets Using Stochastic Petri Nets

Author

Listed:
  • Iraj Mahdavi

    (Mazandaran University of Science and Technology, Iran)

  • Shima Mohebbi

    (University of Tehran, Iran)

  • Namjae Cho

    (Hanyang University, Korea)

  • Mohammad M. Paydar

    (Sharif University of Technology, Iran)

Abstract

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.

Suggested Citation

  • Iraj Mahdavi & Shima Mohebbi & Namjae Cho & Mohammad M. Paydar, 2008. "Designing a Dynamic Buyer-Supplier Coordination Model in Electronic Markets Using Stochastic Petri Nets," International Journal of Information Systems and Supply Chain Management (IJISSCM), IGI Global, vol. 1(3), pages 1-20, July.
    • Handle: RePEc:igg:jisscm:v:1:y:2008:i:3:p:1-20
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    Cited by:

    1. Voloshinskaya, Anna (Волошинская, Анна) & Komarov, Vladimir (Комаров, Владимир), 2016. "Modern Tools of Interaction between State and Society [Современные Инструменты Взаимодействия Государства И Общества]," Working Papers 1663, Russian Presidential Academy of National Economy and Public Administration.

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