An efficient and simple model for multiple criteria supplier selection problem |
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Authors: | Wan Lung Ng |
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Affiliation: | Department of Management Sciences, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong |
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Abstract: | 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. |
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Keywords: | Purchasing Multiple criteria analysis Supplier selection Vendor selection |
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