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A Meta-Goal Programming Model for Selection in a Firm in a Multi-Product Multi-Vendor Multi-Location Situation

Applications of Management Science

ISBN: 978-1-78714-283-1, eISBN: 978-1-78714-282-4

ISSN: 0276-8976

Publication date: 5 May 2017

Abstract

In order to accomplish the goals of maintaining an effective supply chain, the firm needs to establish and maintain long-term relationships with its suppliers. Most supply chain problems inherently involve multiple conflicting criteria. Risks in the supply chain are dynamic in nature. While some risks can be either reduced or eliminated, new ones will appear.

This chapter will focus on the development of a mufti-criteria model using meta-goal programming to develop a supplier selection process. The goals of the model include (1) the minimization of the net cost for all items, (2) the minimization of the defective items, and (3) the minimization of late-delivered items.

Keywords

Citation

Lawrence, K.D., Pai, D.R. and Lawrence, S.M. (2017), "A Meta-Goal Programming Model for Selection in a Firm in a Multi-Product Multi-Vendor Multi-Location Situation", Applications of Management Science (Applications of Management Science, Vol. 18), Emerald Publishing Limited, Bingley, pp. 87-92. https://doi.org/10.1108/S0276-897620170000018004

Publisher

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited