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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 (Mazandaran University of Science and Technology, Iran), Shima Mohebbi (University of Tehran, Iran), Namjae Cho (Hanyang University, Korea), and Mohammad M. Paydar (Sharif University of Technology, Iran)
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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