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

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

Iraj Mahdavi, Shima Mohebbi, Namjae Cho, Mohammad M. Paydar
Copyright: © 2008 |Pages: 20
DOI: 10.4018/jisscm.2008070101
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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.

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