A Multi-Agent System for Management of Supplier Selection Process in a Fuzzy Supply Chain

International Journal of Computer Applications 23(6):31–37, June 2011

A Multi-Agent System for Management of Supplier Selection Process in a Fuzzy Supply Chain

Vivek Kumar, Dr. S Srinivasan and Dr. Subhra Das

Abstract

Supplier selection is a critical and demanding process for industry. The process must provide the company with accurate product/raw material and/or services at the right price at the right time and in the required quantities.

This paper is to introduces a method of supplier selection based on multiagent and fuzzy decision making techniques including risk factors for the selection of suppliers.

The proposed method combines the multi agent technique and fuzzy decision making technique for supplier selection. An example in an existing firm illustrates the integrated model which validates the proposed model. By applying the concept of risk factor analysis, ranking values of supplier are converted in final pricing model to set segmented price.

Free Full Text Source: http://www.ijcaonline.org/archives/volume23/number6/2889-3770