MODELING MULTI-OBJECTIVE, MULTI-PRODUCT AND MULTI-PERIOD SUPPLIER SELECTION PROBLEM CONSIDERING STOCHASTIC DEMAND

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SEIFBARGHY MEHDI; NASERI FORUZAN

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Journal: PRODUCTION AND OPERATIONS MANAGEMENT Year:2018 | Volume:9 | Issue:1 (16) Page(s): 205-223

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Title

MODELING MULTI-OBJECTIVE, MULTI-PRODUCT AND MULTI-PERIOD SUPPLIER SELECTION PROBLEM CONSIDERING STOCHASTIC DEMAND

Author(s)

SEIFBARGHY MEHDI | NASERI FORUZAN | Issue Writer Certificate

Keywords

SUPPLY CHAINQ2

SUPPLIER SELECTIONQ2

ALL-UNIT DISCOUNTQ1

STOCHASTIC DEMANDQ2

MULTI-CHOICE GOAL PROGRAMMINGQ1

Abstract

In this paper, a multi-objective, multi-period and multi-product mixed integer programming model for the SUPPLIER SELECTION and quota allocation problem under an all-unit quantity discount policy, constrained storage space and STOCHASTIC DEMAND is considered. Also, due to the stochastic status of the demand, we use the Chance Constrained Programming (CCP) in order to transform the inventory balance equation to a stochastic position. Since the discount policy encourages the buyer to buy more while the storage capacity restricts, we require to consider both in the SUPPLIER SELECTION and quota allocation problem; furthermore, different priorities for the objectives should be considered. We use the LP-metric method, goal programming and the novel solution technique called MULTI-CHOICE GOAL PROGRAMMING in order to model the multi-objective problem. Furthermore, a numerical example using three modeling approaches, considering the different scenarios are solved. The differences in the scenarios are the importance of the objective function in terms of the decision maker. Results show if an objective function is prioritized, that objective will be closer to its optimal value.

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APA: Copy

SEIFBARGHY, MEHDI, & NASERI, FORUZAN. (2018). MODELING MULTI-OBJECTIVE, MULTI-PRODUCT AND MULTI-PERIOD SUPPLIER SELECTION PROBLEM CONSIDERING STOCHASTIC DEMAND. PRODUCTION AND OPERATIONS MANAGEMENT, 9(1 (16) ), 205-223. SID. https://sid.ir/paper/217529/en

Vancouver: Copy

SEIFBARGHY MEHDI, NASERI FORUZAN. MODELING MULTI-OBJECTIVE, MULTI-PRODUCT AND MULTI-PERIOD SUPPLIER SELECTION PROBLEM CONSIDERING STOCHASTIC DEMAND. PRODUCTION AND OPERATIONS MANAGEMENT[Internet]. 2018;9(1 (16) ):205-223. Available from: https://sid.ir/paper/217529/en

IEEE: Copy

MEHDI SEIFBARGHY, and FORUZAN NASERI, “MODELING MULTI-OBJECTIVE, MULTI-PRODUCT AND MULTI-PERIOD SUPPLIER SELECTION PROBLEM CONSIDERING STOCHASTIC DEMAND,” PRODUCTION AND OPERATIONS MANAGEMENT, vol. 9, no. 1 (16) , pp. 205–223, 2018, [Online]. Available: https://sid.ir/paper/217529/en

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