A New Algorithm for Ranking Suppliers in Volume Discount Environments

Loading...
Thumbnail Image
File version
Author(s)
Saen, Reza Farzipoor
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
2010
Size
138082 bytes
File type(s)
application/pdf
Location
License
Abstract

Purchasing is one of the most crucial and vital activities of business, as it has a significant impact on finance, operations and competitiveness of the organization. Many organizations are now allocating more resources for outsourcing activities to increase their competitive position. Selecting an appropriate supplier for outsourcing is now one of the most important decisions of the purchasing department. This decision generally depends on a number of different criteria. On the other hand, to encourage the buyers to order more, suppliers usually offer volume discounts. To rank suppliers in volume discount environments in the presence of both cardinal and ordinal data, this paper proposes an innovative algorithm, which is based on Minimax Regret-based Approach (MRA). A numerical example demonstrates the application of the proposed method.

Journal Title
Asia Pacific Management Review
Conference Title
Book Title
Edition
Volume
15
Issue
3
Thesis Type
Degree Program
School
DOI
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
© APMR, 2010. This is the author's version of the Article. It is posted here by permission of APMR for your personal use. Not for redistribution. The definitive version was published in A New Algorithm for Ranking Suppliers in Volume Discount Environments, Asia Pacific Management Review, Volume 15, Issue 3, 2010, 341-358
Item Access Status
Note
Access the data
Related item(s)
Subject
Commerce, Management, Tourism and Services not elsewhere classified
Business and Management
Persistent link to this record
Citation
Collections