Journal
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 186, Issue 3, Pages 1059-1067Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ejor.2007.01.018
Keywords
purchasing; multiple criteria analysis; supplier selection; vendor selection
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Simply looking for vendors offering the lowest prices is not efficient sourcing any more. Selection of suppliers is a multiple criteria decision. We propose a weighted linear program for the multi-criteria supplier selection problem. In addition to mathematical formulation, this paper studies a transformation technique which enables our proposed model to be solved without an optimizer. The model for multi-criteria supplier selection problem can be easily implemented with a spreadsheet package. The model can be widely applied to practical situations and does not require the user with any optimization background. (c) 2007 Elsevier B.V. All rights reserved.
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