Value chain analysis using hybrid simulation and AHP

    Authors

    L. Rabelo; H. Eskandari; T. Shaalan;M. Helal

    Comments

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    Abbreviated Journal Title

    Int. J. Prod. Econ.

    Keywords

    discrete-event simulation; system dynamics; AHP; SCOR; supply chain; ANALYTIC HIERARCHY PROCESS; ENTERPRISE SIMULATION; SYSTEM DYNAMICS; CONSISTENCY; UNCERTAINTY; Engineering, Industrial; Engineering, Manufacturing; Operations Research; & Management Science

    Abstract

    This paper presents a novel approach that integrates the analytic hierarchy process (AHP) technique, system dynamics (SD), and discrete-event simulation (DES) to model the service and manufacturing activities of the global supply chain of a multinational construction equipment corporation. Hybrid SD-DES simulation models offer a practical approach to better model real-life systems and increase confidence in their outcomes. The DES models are developed using the supply chain operations reference (SCOR) model to guide the modeling process. Managers evaluate the competing decision alternatives based on the obtained simulation results of the hybrid models and other qualitative factors using group AHP analysis. This integration enables managers to utilize their own experiences, preferences and qualitative assessments which increases the level of their confidence in the decisions resulting in the maximization of shareholder value. (c) 2006 Elsevier B.V. All rights reserved.

    Journal Title

    International Journal of Production Economics

    Volume

    105

    Issue/Number

    2

    Publication Date

    1-1-2007

    Document Type

    Article

    Language

    English

    First Page

    536

    Last Page

    547

    WOS Identifier

    WOS:000243867400019

    ISSN

    0925-5273

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