Presenting and solving a bi-objective planning model for supplier selection with considering discount and inventory shortage

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KARIMI MARZIEH; KAZEMI ABOLFAZL; NADERI ALIREZA

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Journal Paper

Paper Information

Journal: JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES Year:2019 | Volume:17 | Issue:53 Page(s): 127-158

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Title

Presenting and solving a bi-objective planning model for supplier selection with considering discount and inventory shortage

Author(s)

KARIMI MARZIEH | KAZEMI ABOLFAZL | NADERI ALIREZA | Issue Writer Certificate

Keywords

Supplier SelectionQ1

Multi Objective Decision MakingQ2

Incremental discountQ1

Backlog orderingQ1

Harmony search algorithmQ1

Abstract

Supplier Selection is the process by which firms identify, evaluate, and contract with suppliers. The Supplier Selection process deploys a tremendous amount of a firm's financial resources. Nowadays, supplying the required resource of organizations has become an important business approach so a competitive advantage may be gained by the selection of the best suppliers to provide products/services more effectively and efficiently. Many models have been developed for solving Supplier Selection problem. In this paper, in addition to considering the Incremental discount strategies, cost of shortages is also considered so far has not been considered. In this model, two objective functions of cost minimization of the buyer, and maximize quality of product is considered. To solve the proposed Supplier Selection model, an improved Harmony search algorithm is used. The results show that the proposed algorithm works properly in the term of both CPU time and the quality of solutions. Finally, some numerical examples for model analyses are presented.

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APA: Copy

KARIMI, MARZIEH, KAZEMI, ABOLFAZL, & NADERI, ALIREZA. (2019). Presenting and solving a bi-objective planning model for supplier selection with considering discount and inventory shortage. JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES, 17(53 ), 127-158. SID. https://sid.ir/paper/213121/en

Vancouver: Copy

KARIMI MARZIEH, KAZEMI ABOLFAZL, NADERI ALIREZA. Presenting and solving a bi-objective planning model for supplier selection with considering discount and inventory shortage. JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES[Internet]. 2019;17(53 ):127-158. Available from: https://sid.ir/paper/213121/en

IEEE: Copy

MARZIEH KARIMI, ABOLFAZL KAZEMI, and ALIREZA NADERI, “Presenting and solving a bi-objective planning model for supplier selection with considering discount and inventory shortage,” JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES, vol. 17, no. 53 , pp. 127–158, 2019, [Online]. Available: https://sid.ir/paper/213121/en

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