Dynamic suppliers' risk management of large‐scale and complex equipment development

Abstract

Purpose -The paper attempts to establish a two-dimension frame to analyze dynamic supplier risks of large-scale and complex equipment and study the probability distribution of the occurring risks. Design/methodology/approach -Starting from the dynamic and correlated supplier risks of large-scale and complex equipment, a two-dimension frame to analyze these risks is established. A maximum entropy model is also built to research the probability distribution of the risks; then, K-T conditions are proved to solve the model. A real case is also studied in the last part of the paper. Findings -The results are convincing: in order to analyze the supplier risk dynamically of large-scale and complex equipment development project, a two-dimension analysis frame is established and a maximum entropy model is worked out. The case study shows that they are valuable. Practical implications -The two-dimension frame gives a new viewpoint for risk management, but also the maximum entropy model supplies a valuable method for risk management. Originality/value -The paper succeeds in creating a dynamic analysis frame to study risks and building a new method to research the disciplines of the dynamic risks.

Manufacturing resource combinatorial optimization for large complex equipment in group manufacturing: A cluster-based genetic algorithm

“…Pan and Zheng [36] studied optimal resource allocation under the conditions of current equipment, technology and the operational level in the large iron and steel complex. Cheng et al [37] proposed a solution of MRO support system which considering Maintenance, Repair and Operations requirements to allocate MR. Yuan et al [38] established a two-dimension frame to analyse dynamic supplier risks of large-scale and complex equipment and study the probability distribution of the occurring risks. Zouhaier et al [39] used a multi-objective genetic algorithm to optimize resource geometry in designing a mechatronic system.…”