An optimization approach to determining the number of vendors to employ
Abstract
Presents an approach for evaluating the number of vendors to employ in a procurement situation using multi‐objective programming (MOP) and data envelopment analysis (DEA). The approach advocates developing vendor‐order quantity solutions (referred to as supervendors) using MOP and then evaluating the efficiency of these supervendors on multiple criteria using DEA. Formulations are presented for both the MOP and DEA models. A case study is presented for a Fortune 500 company in a just‐in‐time (JIT) manufacturing environment.
Keywords
Citation
Weber, C.A., Current, J. and Desai, A. (2000), "An optimization approach to determining the number of vendors to employ", Supply Chain Management, Vol. 5 No. 2, pp. 90-98. https://doi.org/10.1108/13598540010320009
Publisher
:MCB UP Ltd
Copyright © 2000, MCB UP Limited