Supplier selection problem for a single manufacturing unit under stochastic demand

A. Awasthi, S.S. Chauhan, S.K. Goyal and Jean-Marie Proth

International Journal of Production Economics, 2009, vol. 117, issue 1, 229-233

Abstract: In this paper we consider a supplier selection problem for a single manufacturer/retailer who faces a random demand. All the available suppliers may quote different prices and may have restrictions on minimum and maximum order sizes. The objective is to find a low-cost assortment of suppliers which is capable of satisfying the demand. Properties of the problem are explored and a solution algorithm is proposed. Numerical experimentation is presented for evaluating the performance of the algorithm.

Keywords: Supply; chain; Sourcing; Supplier; selection; Heuristics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:117:y:2009:i:1:p:229-233

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