Optimization technique for multi objective supplier selection with quantity discounts using integer linear programming and meta heuristics

Abstract

In todays competitive operating environment it is impossible to newlinesuccessfully produce low cost high quality products without satisfactory newlinevendors Supplier selection is one of the strategic tactical and operational newlinedecisions that need to be considered in the supply chain which involves newlinemultiple objectives and conflicting trade offs In supplier selection decisions newlinethe issues that are of particular significance are what criteria should be used newlinewhat methods can be used to compare suppliers for selection and what newlinequantities to be ordered for the selected suppliers newlineThe supplier selection criteria are qualitative and quantitative in newlinenature and the evolution of the industrial environment modified the degrees of newlinethe relative importance of the criteria considered for supplier selection The newlinemost important ones that are practically useful for the current manufacturing newlineenvironment include quality, delivery and price newline newline newline