Multi-Criteria Multi-Period Supplier Selection and Order Allocation Models

Multi-Criteria Multi-Period Supplier Selection and Order Allocation Models
Author: Ziqi Ding
Publisher:
Total Pages:
Release: 2014
Genre:
ISBN:

This thesis considers the use of multi-criteria optimization methods applied to supplier selection and order allocation problem over a planning horizon under multiple sourcing strategy. The supply chain system is modeled with a single buyer and multiple suppliers with deterministic demands as a mixed integer programming problem.We study the supplier selection and order allocation problem with three objectives. The criteria considered are (1) total cost over the planning horizon; (2) weighted average lead time and (3) weighted average quality defect rate. We first develop the mathematical formulation for all three objectives and then present a general multi-period and multi-criteria optimization model for the procurement problem.Two methods are used to solve the multi-criteria mathematical programming problem. The first approach is the Weighted Objective method. It is used to generate several efficient solutions by changing the weights assigned to the three criteria. The second approach is the Goal Programming method, which is used to generate the optimal solutions that can satisfy the specified targets set for the three criteria according to the decision maker's preference. Several efficient points are generated by both Preemptive and Non-Preemptive Goal Programming methods. A numerical example is presented to illustrate both approaches. There are fourteen efficient solutions generated from both approaches. We compare the efficient solutions visually using the Value Path Approach. A sensitivity analysis is done to study the impact of changing the weight of the non-value added cost in the total cost objective.

A Multi-period Multi-criteria Supplier Selection and Order Allocation Model Under Demand Uncertainty

A Multi-period Multi-criteria Supplier Selection and Order Allocation Model Under Demand Uncertainty
Author: Yishan Sun
Publisher:
Total Pages:
Release: 2015
Genre:
ISBN:

In this thesis, a multi-period multiple sourcing supplier selection and order allocation model under demand uncertainty condition with shortages is built. The objective is to determine which suppliers should be selected and the order quantities of each product for each period.The problem has three objectives: minimizing the total cost over the planning horizon, minimizing the weighted average lead time over the planning horizon and minimizing the weighted average quality defect rate over the planning horizon. First, a mathematical formulation for all the three objectives is developed and then a general multi-period and multi-criteria optimization model is presented.There are two key decisions to make: 1) to choose the most favorable suppliers from a given set of suppliers to meet supplier selection criteria for various items in each period; 2) to order optimal quantities in each period for each poduct from the selected suppliers to meet the production demand. Weighted Objective method is used to generate the efficient solution by assigning weights to the three criteria. A sensitivity analysis is done to study the impact of changing the input parameters values such as initial inventory levels and maximum and minimum values of demands on the total cost objective and selection of suppliers.

Integrated Multi-criteria Decision Approach for Supplier Selection and Order Quantity Allocation Based on Differentiated Sourcing Strategies

Integrated Multi-criteria Decision Approach for Supplier Selection and Order Quantity Allocation Based on Differentiated Sourcing Strategies
Author: Rajesh S. Hadavale
Publisher:
Total Pages: 181
Release: 2012
Genre: Business logistics
ISBN:

Effective supply chain design relies on robust analytical models and decision tools. Many such models and tools have been developed to address the supplier selection and order allocation (SSOA) problem, ranging from simple techniques such as weighted scoring models to more complex models that employ mathematical programming techniques. However, most of the traditional SSOA tools and models have failed to consider: (1) Comprehensive and a standardized set of metrics, to guide the decision making process, ranging from suppliers attributes to strategic advantages, across the entire purchasing items categories, and (2) Linking products sourcing attributes to organizations sourcing strategies and goals priorities, in a common framework. The above two issues are addressed by presenting a structured framework with two separate but dependent phases. The first phase relates product's sourcing characteristics to organizations sourcing strategy and goals, and adopt a common set of metrics (qualitative and quantitative) to evaluate the relative efficiency of the suppliers - defined in terms of how the suppliers strength and its association transforms to organizations strategic benefits and ultimately to customers satisfaction. This evaluation is done using analytic hierarchy process (AHP) models. In the second phase the SSOA decision is made using a preemptive goal programming (PGP) - a multi-criteria decision-making methodology - with AHP ratings as its coefficients. The goal priorities chosen are representative of the sourcing strategy formulated for three categories of purchasing items: Strategic and Bottleneck, Leverage, and Routine. Strategic and Bottleneck purchasing items are difficult to manage while Leverage purchasing items are high value. Routine purchasing items are neither difficult to manage nor have high value. The contribution of this study is threefold: (1) It provides a structured decision making approach in the form of a comprehensive framework comprising of interrelated analytical mathematical models to select suppliers and determine their order size for different category of purchasing items. (2) It provides illustrative numerical examples and demonstrates the applicability, compliance and effectiveness of the developed integrated decision making approach, including models robustness and optimality of the decisions to changing parameters (Budget) and priorities (goals). (3) It contributes to the literature in the area at the intersection of strategic sourcing and SSOA with a comprehensive decision approach, which may be of interest to the corporate world to come to grips with the complexities of strategic sourcing.

Competitive Drivers for Improving Future Business Performance

Competitive Drivers for Improving Future Business Performance
Author: Martins, Carlos
Publisher: IGI Global
Total Pages: 267
Release: 2021-03-05
Genre: Business & Economics
ISBN: 1799818454

The globalized economy, dominated by the diffusion of innovation and social, political, and economic changes, allows people and knowledge to flow without knowing what lies ahead. As new economies emerge and technologies impose significant changes, the internationalization of markets and industries has made defining its delimitation more difficult. Competitive Drivers for Improving Future Business Performance is a conceptualized reference source that discusses the use of digital skills to manage change in volatile contexts and provides fundamental understanding of competitive advantage to guarantee superior performances. To assure this level of performance, a set of choices (drivers) must be created ensuring operational efficiency, innovative products, customer knowledge-base, and focused branding. Featuring research on topics such as consumer experience, strategic leadership, and flexible technologies, this book is ideally designed for managers, executives, entrepreneurs, academicians, consulting professionals, researchers, industry professionals, and students seeking coverage on how to improve competitive performance in an era of uncertainty.

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain
Author: Biswajit Sarkar
Publisher: MDPI
Total Pages: 618
Release: 2020-04-23
Genre: Technology & Engineering
ISBN: 303928522X

The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.

Algorithms on Trees and Graphs

Algorithms on Trees and Graphs
Author: Gabriel Valiente
Publisher: Springer Nature
Total Pages: 392
Release: 2021-10-11
Genre: Computers
ISBN: 3030818853

Graph algorithms is a well-established subject in mathematics and computer science. Beyond classical application fields, such as approximation, combinatorial optimization, graphics, and operations research, graph algorithms have recently attracted increased attention from computational molecular biology and computational chemistry. Centered around the fundamental issue of graph isomorphism, this text goes beyond classical graph problems of shortest paths, spanning trees, flows in networks, and matchings in bipartite graphs. Advanced algorithmic results and techniques of practical relevance are presented in a coherent and consolidated way. This book introduces graph algorithms on an intuitive basis followed by a detailed exposition in a literate programming style, with correctness proofs as well as worst-case analyses. Furthermore, full C++ implementations of all algorithms presented are given using the LEDA library of efficient data structures and algorithms.

Developing Tailored Supply Strategies

Developing Tailored Supply Strategies
Author: Nancy Y. Moore
Publisher: Rand Corporation
Total Pages: 166
Release: 2007
Genre: Business & Economics
ISBN: 0833041207

Purchased goods and services are an increasingly large proportion of public and private enterprise budgets. Historically, purchased goods and services have accounted for less than a third of an enterprise's budget, but today many enterprises spend more than two-thirds of their budgets on purchased goods and services. Similarly, the Air Force and the Department of Defense (DoD) spend nearly half their budgets for purchased goods and services and an additional sixth on weapon procurement (with only a third going to military and civilian personnel costs). (See pp. 1-6.) Because of the growing importance of purchasing, many enterprises have sought to develop supply strategies for their purchased goods and services. This monograph is intended as a resource for procurement personnel developing supply strategies for the Air Force or DoD. It does not analyze current military procurement practices but rather synthesizes academic, business, and professional literature on developing and applying supply strategies. Its core is a synthesis of nearly a dozen different processes found in the literature.

The Greenhouse Gas Protocol

The Greenhouse Gas Protocol
Author:
Publisher: World Business Pub.
Total Pages: 0
Release: 2004
Genre: Business enterprises
ISBN: 9781569735688

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.