The Study on Partners Relationship for Virtual Enterprises Risk Management Based on Distributed Decision

Abstract:

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To reduce risks of Virtual Enterprise (VE), a novel Distributed Decision Making (DDM) model for VE risk management was presented. This model had two levels, namely, the top-model and the base-model, which described the decision processes of the owner and the partners, respectively. The owner allocated funds to each member of the VE, the partners then selected their own optimal risk control actions to reduce their risks with the constraint given by the allocated budget. When number of members in VE, the number of risk factors and the number of actions increased, the size of the search space would be very huge, the brief solutions of the models are also discussed.

Info:

Periodical:

Key Engineering Materials (Volumes 439-440)

Edited by:

Yanwen Wu

Pages:

1024-1029

DOI:

10.4028/www.scientific.net/KEM.439-440.1024

Citation:

N. Wang "The Study on Partners Relationship for Virtual Enterprises Risk Management Based on Distributed Decision", Key Engineering Materials, Vols. 439-440, pp. 1024-1029, 2010

Online since:

June 2010

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Price:

$35.00

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