Artikel
The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
Purpose: This paper is an attempt to establish the mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective. Design/methodology/approach: Fuzzy genetic algorithm is employed to solve the model, and the data set of the ball bearings purchasing problem is illustrated as a numerical analysis. Findings: According to the results, it can be seen that the performance of the optimization model is pretty good and can reduce the total costs of the procurement. Originality/value: The contribution of this paper is threefold. First, a literature review and classification of the published vendor selection models is shown in this paper. Second, a mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective is established. Third, an empirical study is displayed to illustrate the application of the proposed model to evaluate and identify the best vendors for ball bearing procurement, and the results show that it could reduce the total costs as much as twenty percent after the optimization.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Industrial Engineering and Management (JIEM) ; ISSN: 2013-0953 ; Volume: 8 ; Year: 2015 ; Issue: 4 ; Pages: 1251-1269 ; Barcelona: OmniaScience
- Klassifikation
-
Management
- Thema
-
vendor selection
joint procurement
fuzzy genetic algorithm
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pan, Fu-bin
- Ereignis
-
Veröffentlichung
- (wer)
-
OmniaScience
- (wo)
-
Barcelona
- (wann)
-
2015
- DOI
-
doi:10.3926/jiem.1551
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Pan, Fu-bin
- OmniaScience
Entstanden
- 2015
Ähnliche Objekte (12)
Variations in the efficiency of a mathematical programming solver according to the order of the constraints in the model
The effect of competition from open source software on the quality of proprietary software in the presence of network externalities
The impact of green logistics-based activities on the sustainable monetary expansion indicators of Oman
What are the research focuses regarding learning in the field of operations management in higher education? The case of Spain in 2017
Bibliometric study of the reverse salient concept
Measuring the impact of HRM on organizational performance
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art
Optimal subsidy policy for accelerating the diffusion of green products
A qualitative multi-attribute model for the selection of the private hydropower plant investments in Turkey: By foundation of the search results clustering engine (Carrot2), hydropower plant clustering, DEXi and DEXiTree
Study of the full-service and low-cost carriers network configuration
A reply to Ponte et al (2016) Supply chain collaboration: Some comments on the nucleolus of the beer game
Linking the spare parts management with the total costs of ownership: An agenda for future research
Variations in the efficiency of a mathematical programming solver according to the order of the constraints in the model
The effect of competition from open source software on the quality of proprietary software in the presence of network externalities
The impact of green logistics-based activities on the sustainable monetary expansion indicators of Oman
What are the research focuses regarding learning in the field of operations management in higher education? The case of Spain in 2017
Bibliometric study of the reverse salient concept
Measuring the impact of HRM on organizational performance
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art
Optimal subsidy policy for accelerating the diffusion of green products
A qualitative multi-attribute model for the selection of the private hydropower plant investments in Turkey: By foundation of the search results clustering engine (Carrot2), hydropower plant clustering, DEXi and DEXiTree
Study of the full-service and low-cost carriers network configuration
A reply to Ponte et al (2016) Supply chain collaboration: Some comments on the nucleolus of the beer game
Linking the spare parts management with the total costs of ownership: An agenda for future research
Variations in the efficiency of a mathematical programming solver according to the order of the constraints in the model
The effect of competition from open source software on the quality of proprietary software in the presence of network externalities
The impact of green logistics-based activities on the sustainable monetary expansion indicators of Oman
What are the research focuses regarding learning in the field of operations management in higher education? The case of Spain in 2017
Bibliometric study of the reverse salient concept
Measuring the impact of HRM on organizational performance
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art
Optimal subsidy policy for accelerating the diffusion of green products
A qualitative multi-attribute model for the selection of the private hydropower plant investments in Turkey: By foundation of the search results clustering engine (Carrot2), hydropower plant clustering, DEXi and DEXiTree
Study of the full-service and low-cost carriers network configuration
A reply to Ponte et al (2016) Supply chain collaboration: Some comments on the nucleolus of the beer game