Supply chain performance measurement system: A Monte Carlo DEA-based approach

被引:27
作者
Wong, Wai Peng [1 ]
Jaruphongsa, Jikrom [1 ]
Lee, Loo Hay [1 ]
机构
[1] Department of Industrial and Systems Engineering, National University of Singapore, Singapore
关键词
Data Envelopment Analysis; DEA; Monte Carlo; Stochastic data; Supply chain efficiency;
D O I
10.1504/IJISE.2008.016743
中图分类号
学科分类号
摘要
A supply chain operates in a dynamic platform and its performance efficiency measurement requires intensive data collection. The task of collecting data in a supply chain is not trivial and it often faces with uncertainties. This paper develops a simple tool to measure supply chain performance in the real environment, which is stochastic. Firstly, it introduced the Data Envelopment Analysis (DEA) supply chain model to measure the supply chain performance. Next, it enhanced the model with Monte Carlo (random sampling) methodology to cater for efficiency measurement in stochastic environment. Monte Carlo approximations to stochastic DEA have not been practically used in empirical analysis, despite being an important tool to make statistical inferences on the efficiency point estimator. This method proves to be a cost saving and efficient way to handle uncertainties and could be used in other relevant field other than supply chain, to measure efficiency. Copyright © 2008 Inderscience Enterprises Ltd.
引用
收藏
页码:162 / 188
页数:26
相关论文
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