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

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4 Author(s)
Xianli Sun ; Fac. of Inf. Sci. & Eng., Northeastern Univ., Shenyang ; Min Huang ; Fuqiang Lu ; Xingwei Wang

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.

Published in:

Control and Decision Conference, 2008. CCDC 2008. Chinese

Date of Conference:

2-4 July 2008