A meta-goal programming model for selection in a firm in a multi-product multi-vendor multilocation situation

Kenneth D. Lawrence, Dinesh R. Pai, Sheila M. Lawrence

Research output: Contribution to journalReview article

Abstract

In order to accomplish the goals of maintaining an effective supply chain, the firm needs to establish and maintain long-term relationships with its suppliers. Most supply chain problems inherently involve multiple conflicting criteria. Risks in the supply chain are dynamic in nature. While some risks can be either reduced or eliminated, new ones will appear. This chapter will focus on the development of a mufti-criteria model using meta-goal programming to develop a supplier selection process. The goals of the model include (1) the minimization of the net cost for all items, (2) the minimization of the defective items, and (3) the minimization of late-delivered items.

Original languageEnglish (US)
Pages (from-to)87-92
Number of pages6
JournalApplications of Management Science
Volume18
DOIs
StatePublished - Jan 1 2017

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All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)

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