IME MS PAPER R BARNES 2020 SUPPLIER SELECTION USING QUANTITY & TRANSPORTATION DISCOUNTS VOIGT
In this paper a multi- echelon supply chain model with multiple suppliers and multiple products is considered across two stages of the supply chain. The main focus of this paper is to model a multi objective problem that will determine the optimal order quantities to be ordered from the suppliers considering quantity discounts and transportation costs. The demand follows normal distribution, and the supplier distributions are represented by a set of scenarios of shrinkage in their supplier capacity with the respective probabilities of occurrences. The multi-criteria objective function will have the following three main objectives- Minimize the total cost across the time period, Minimize the total purchasing cost and Minimize the shortage cost. Finally, MATLAB is used to illustrate the numerical example for the developed model which will determine the exact quantities to be ordered for each product by the manufacturer from each supplier.
|Work Title||IME MS PAPER R BARNES 2020 SUPPLIER SELECTION USING QUANTITY & TRANSPORTATION DISCOUNTS VOIGT|
|Keyword||SUPPLIER SELECTION MODEL; QUANTITY DISCOUNTS; TRANSPORTATION COSTS|
|License||All rights reserved|
|Work Type||Research Paper|
|Publication Date||November 23, 2020|
|Deposited||November 23, 2020 11:30|
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