Partners relationship based Distributed Decision Making models for risk management of Virtual Enterprise

Author

Sun, Xianli ; Huang, Min ; Lu, Fuqiang ; Wang, Xingwei

Author_Institution

Fac. of Inf. Sci. & Eng., Northeastern Univ., Shenyang

fYear

2008

fDate

2-4 July 2008

Firstpage

2306

Lastpage

2311

Abstract

To guarantee the expected profit, Virtual Enterprise (VE) has to manage its risk effectively. Due to VEpsilas distributed characteristics, we explore the art of Distributed Decision Making (DDM) theory and apply it to risk management of VE. Based on partners relationship, such as team, enforced-team and non-team, we introduce four classes of models, constructional DDM model, organizational DDM model, coordinative model and principle-agent model. The brief solutions of the models are also discussed.

Keywords

distributed decision making; risk management; virtual enterprises; constructional DDM model; coordinative model; distributed decision making; organizational DDM model; partner relationship; principle-agent model; risk management; virtual enterprise; Automation; Decision making; Distributed decision making; Engineering management; Industrial relations; Information science; Laboratories; Risk management; Sun; Virtual enterprises; Distributed Decision Making; Risk Management; Synthetic Evaluation; Virtual Enterprise;

fLanguage

English

Publisher

ieee

Conference_Titel

Control and Decision Conference, 2008. CCDC 2008. Chinese

Conference_Location

Yantai, Shandong

Print_ISBN

978-1-4244-1733-9

Electronic_ISBN

978-1-4244-1734-6

Type

conf

DOI

10.1109/CCDC.2008.4597735

Filename

4597735