Selecting the Optimal Green Supplier and Order Allocation under Linear Discount

C. Lakshmanpriya, A. Kumaravel, M. Saravanan, P. Manoj Kumar and Arunava Majumder

Mathematical Problems in Engineering, 2022, vol. 2022, 1-13

Abstract: Selecting the right supplier can be one of the most critical decisions for manufacturing firms. Strategic issues often dictate whether a company thrives or fails. When making important decisions, certain people consider the importance of green-friendly criteria before selecting a supplier. Various companies prioritize green suppliers in their selection process. This work considers the grey method of choosing green suppliers by considering the excellence and weakness. In addition to the green suppliers, the allocation of orders is carried out. The green vendors are focused on utilizing grey, and the demand is assigned by utilizing linear discounts for multiple products and time periods. This work introduces an integrated model with multiple products and time periods for determining demand using green criteria. The outcome of this work is to assign orders to the best suppliers to increase total purchase value while reducing total purchase costs. Then, the method is depicted with a numerical model in a linear discount scenario. A sensitivity analysis was carried out. TVP and TCP differences in order quantity and optimum solution are illustrated in the sensitivity analysis. The numerical model is programmed and resolved by LINGO 18.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:2453703

DOI: 10.1155/2022/2453703

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