A mathematical model for supplier selection in supply chain considering inventory control and pricing problems

Mahmudi, Amin; Mojibian, Fatemeh; Noory Sabet, Afrooz

doi:10.22105/dmor.2019.89845

Document Type : Original Article

Authors

¹ Department of Industrial Engineering, Faculty of Industrial Engineering and Management, University of Ghiaseddin Jamshid Kashani, Qazvin, Iran.

² Department of Management, Faculty of Industrial Engineering and Management, University of Ghiaseddin Jamshid Kashani, Qazvin, Iran.

³ Department of Industrial Management, Faculty of management and Accounting, Raja University, Qazvin, Iran.

https://doi.org/10.22105/dmor.2019.89845

Abstract

‌In today’s highly competitive business environment, which is known by characteristics of low profitability, high customer expectations for high-quality products and minimum waiting time, make companies efforts to transform constraints into opportunities for gaining competitive advantage by optimizing their business processes. In such a situation, appropriate supplier selection can play a key role in the efficiency and effectiveness of the organization and have a direct impact on reducing costs, profitability, and flexibility of a company. The purpose of this research is to provide a supplier selection model with simultaneous consideration of two sources of inventory control and pricing in the supply chain. To assess the validity and reliability of the model, the actual data of the Seven Diamond Industries Company including input materials (Hot Roll) and products (galvanized sheets) have been used. The proposed model is coded in the GAMS software and its results have been analyzed.

Keywords

Main Subjects

supply chain management analyzing/modelling

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Journal of Decisions and Operations Research

A mathematical model for supplier selection in supply chain considering inventory control and pricing problems

References

References

Volume 4, Issue 1
June 2019
Pages 88-99

A mathematical model for supplier selection in supply chain considering inventory control and pricing problems

References

References

Volume 4, Issue 1June 2019Pages 88-99

Volume 4, Issue 1
June 2019
Pages 88-99