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Supplier selection-order allocation: A two stage multiple criteria dynamic programming approach

Supplier selection-order allocation: A two stage multiple criteria dynamic programming approach

Mafakheri, Fereshteh, Breton, Michele and Ghoniem, Ahmed (2011) Supplier selection-order allocation: A two stage multiple criteria dynamic programming approach. International Journal of Production Economics, 132 (1). pp. 52-57. ISSN 0925-5273 (doi:10.1016/j.ijpe.2011.03.005)

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Abstract

This paper proposes a two-stage multiple criteria dynamic programming approach for two of the most critical tasks in supply chain management, namely, supplier selection and order allocation. In the first stage, to address multiple decision criteria in supplier ranking, the analytic hierarchy process (AHP) is employed. In the second stage, supplier ranks are fed into an order allocation model that aims at maximizing a utility function for the firm as well as minimizing the total supply chain costs, subject to constraints on demand, capacity, and inventory levels. A dynamic programming approach is crafted to solve the proposed bi-objective model.

Item Type: Article
Additional Information: [1] First available online: 17 March 2011. [2] Published in print: July 2011. [3] Published as: International Journal of Production Economics, (2011), Vol. 132, (1), pp. 52–57.
Uncontrolled Keywords: supplier selection, order allocation, multiple criteria decision-making, dynamic programming
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Q Science > QA Mathematics
Faculty / Department / Research Group: Faculty of Business > Department of Systems Management & Strategy
Related URLs:
Last Modified: 14 Oct 2016 09:16
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/6399

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