Multiobjective vendor allocation in multiechelon inventory systems: a spreadsheet model
S W Lam () and
L C Tang
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S W Lam: National University of Singapore
L C Tang: National University of Singapore
Journal of the Operational Research Society, 2006, vol. 57, issue 5, 561-578
Abstract:
Abstract The vendor selection problem (VSP) is a critical element of the numerous managerial decisions in the consideration of both outsourcing and integrated supply chain management. Many papers in the literature have dealt with VSPs from a multicriteria perspective, but few have looked into the implications of such decisions in a multiechelon supply chain with the explicit consideration of multiple time-phased demands. A new integrated supply chain model is proposed for a multiechelon supply chain. This model takes into account the usual cost objective and other important criteria in a multiechelon supply chain ranging from the most upstream suppliers' quality to end customers' satisfaction level through a large-scale multiobjective linear programme (MOLP). Furthermore, various Pareto optimal solutions can be graphically presented to facilitate decision making and negotiations with existing and potential suppliers.
Keywords: vendor selection problem; suppliers' management; multiobjective linear programming; procurement; multiechelon inventory systems (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:jorsoc:v:57:y:2006:i:5:d:10.1057_palgrave.jors.2602027
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DOI: 10.1057/palgrave.jors.2602027
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