SELECTION OF SUPPLIERS CONSIDERING THE LEARNING EFFECT AND TECHNOLOGY IMPROVEMENT

Wanzhen Huang (), Shanling Li () and Devanath Tirupati ()
Additional contact information
Wanzhen Huang: School of Mathematical Sciences, Lakehead University, Thunder Bay, Ontario, Canada P7B 5E1, Canada
Shanling Li: Faculty of Management, McGill University, 1001 Sherbrooke Street West, Montreal, Quebec, Canada, H3A 1G5, Canada
Devanath Tirupati: Department of Management, University of Texas at Austin, TX 78712, USA

International Journal of Information Technology & Decision Making (IJITDM), 2003, vol. 02, issue 01, 71-92

Abstract: In this paper, we develop a model-based approach to examine the trade-offs between short- and long-term supplier contracts. Specifically, we consider learning and technology breakthroughs leading to cost improvements and develop cost models to characterize these effects. A deterministic environment is first considered in which demand can be constant or dynamic and learning effects and technology breakthroughs are dynamic. Then uncertainty in market prices is considered. Interesting managerial insights and strategies in selecting suppliers are discussed based on the analytical results of the models.

Keywords: Choice of suppliers; learning curve; technology improvements; supply clain management (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.1142/S0219622003000550

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