Vendor Selection and Supply Quotas Determination by Using a New Multi-Objective Programming Method Based on Cooperative Game Theory

Vendor selection and supply quotas determination is one of the most important issues in the purchasing process in manufacturing. In many situations to solve this problem it is necessary to use the operations research methods. This paper proposes a new methodology for vendor selection and determinati...

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Vydáno v:Business Systems Research Ročník 7; číslo 1; s. 104 - 118
Hlavní autor: Peric, Tunjo
Médium: Journal Article Paper
Jazyk:angličtina
Vydáno: Zagreb Sciendo 01.03.2016
University of Zagreb, Faculty of Business and Economics
Udruga za promicanje inovacija i istraživanja u ekonomiji "Irenet"
Témata:
Bakeries
cooperative game theory
Costs
Flour
Game theory
Linear programming
Methods
multiple objective programming
Order quantity
Problem solving
Product quality
Purchasing
Research methodology
revised weighting method
vendor selection
ISSN:1847-9375, 1847-8344, 1847-9375
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Shrnutí:Vendor selection and supply quotas determination is one of the most important issues in the purchasing process in manufacturing. In many situations to solve this problem it is necessary to use the operations research methods. This paper proposes a new methodology for vendor selection and determination of supplied quotas. The work investigates the problem of flour purchase by a company that manufactures bakery products. The problem is solved by using the model that combines a revised weighting method, and a multiple objective programming method based on game theory. The revised weighting method is used to determine the objective function coefficients, and a multiple objective programming method is used to select vendors and to determine supply quotas from the selected vendors. For selection of vendors and determination of quantities supplied by individual vendors three complex criteria are used: (1) purchasing costs, (2) product quality, and (3) vendor reliability. The proposed methodology has numerous strengths, such as an efficient reduction of complex criteria functions to simple ones and efficient using of a new multiple objective programming methods based on cooperative game theory. The main advantage of the proposed approach is its efficiency and simplicity.
Bibliografie:ObjectType-Article-1
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ISSN:1847-9375
1847-8344
1847-9375
DOI:10.1515/bsrj-2016-0008