An analytical approach for evaluating and selecting vendors with interdependent performance in a supply chain

Document Type

Article

Publication Date

1-1-2004

Abstract

In this paper we develop an analytically based approach for the selection of vendors in a supply chain. In the selection process, the approach considers salient performance attributes necessary for a reliable chain. Additionally, it takes into account the effect of the vendors’ interaction costs stemming from conflicts of interest among them. Most important, it compares the pool of available suppliers, assigns weights to each attribute depending on its importance and ranks vendors accordingly. Subsequently, an algorithm is used to select the optimum set from these suppliers. The paper describes the steps of the developed approach and also provides a numerical example illustrating its application. © 2004 Inderscience Enterprises Ltd.

Identifier

27744565187 (Scopus)

Publication Title

International Journal of Integrated Supply Management

External Full Text Location

https://doi.org/10.1504/IJISM.2004.004598

e-ISSN

17418097

ISSN

14775360

First Page

64

Last Page

78

Issue

1

Volume

1

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