The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective

Purpose: This paper is an attempt to establish the mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective. Design/methodology/approach: Fuzzy genetic algorithm is employed to solve the model, and the data set of the ball bearings p...

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Detalles Bibliográficos
Autor: Pan, Fubin
Tipo de recurso: artículo
Fecha de publicación:2015
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/84210
Acceso en línea:https://hdl.handle.net/2117/84210
Access Level:acceso abierto
Palabra clave:Fuzzy logic
Computer algorithms
Materials management -- Mathematical models
Vendor selection
Joint procurement
Fuzzy genetic algorithm
Lògica difusa
Algorismes genètics
Gestió de compres -- Models matemàtics
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
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oai_identifier_str oai:upcommons.upc.edu:2117/84210
network_acronym_str ES
network_name_str España
repository_id_str
spelling The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspectivePan, FubinFuzzy logicComputer algorithmsMaterials management -- Mathematical modelsVendor selectionJoint procurementFuzzy genetic algorithmLògica difusaAlgorismes genèticsGestió de compres -- Models matemàticsÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacionsPurpose: This paper is an attempt to establish the mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective. Design/methodology/approach: Fuzzy genetic algorithm is employed to solve the model, and the data set of the ball bearings purchasing problem is illustrated as a numerical analysis. Findings: According to the results, it can be seen that the performance of the optimization model is pretty good and can reduce the total costs of the procurement. Originality/value: The contribution of this paper is threefold. First, a literature review and classification of the published vendor selection models is shown in this paper. Second, a mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective is established. Third, an empirical study is displayed to illustrate the application of the proposed model to evaluate and identify the best vendors for ball bearing procurement, and the results show that it could reduce the total costs as much as twenty percent after the optimization.Peer ReviewedOmniaScience20152015-10-0120162016-03-11journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/84210reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 3.0 Spainhttp://creativecommons.org/licenses/by-nc/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/842102026-05-27T15:37:01Z
dc.title.none.fl_str_mv The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
title The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
spellingShingle The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
Pan, Fubin
Fuzzy logic
Computer algorithms
Materials management -- Mathematical models
Vendor selection
Joint procurement
Fuzzy genetic algorithm
Lògica difusa
Algorismes genètics
Gestió de compres -- Models matemàtics
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
title_short The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
title_full The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
title_fullStr The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
title_full_unstemmed The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
title_sort The optimization model of the vendor selection for the joint procurement from a total cost of ownership perspective
dc.creator.none.fl_str_mv Pan, Fubin
author Pan, Fubin
author_facet Pan, Fubin
author_role author
dc.subject.none.fl_str_mv Fuzzy logic
Computer algorithms
Materials management -- Mathematical models
Vendor selection
Joint procurement
Fuzzy genetic algorithm
Lògica difusa
Algorismes genètics
Gestió de compres -- Models matemàtics
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
topic Fuzzy logic
Computer algorithms
Materials management -- Mathematical models
Vendor selection
Joint procurement
Fuzzy genetic algorithm
Lògica difusa
Algorismes genètics
Gestió de compres -- Models matemàtics
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
description Purpose: This paper is an attempt to establish the mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective. Design/methodology/approach: Fuzzy genetic algorithm is employed to solve the model, and the data set of the ball bearings purchasing problem is illustrated as a numerical analysis. Findings: According to the results, it can be seen that the performance of the optimization model is pretty good and can reduce the total costs of the procurement. Originality/value: The contribution of this paper is threefold. First, a literature review and classification of the published vendor selection models is shown in this paper. Second, a mathematical programming model of the vendor selection for the joint procurement from a total cost of ownership perspective is established. Third, an empirical study is displayed to illustrate the application of the proposed model to evaluate and identify the best vendors for ball bearing procurement, and the results show that it could reduce the total costs as much as twenty percent after the optimization.
publishDate 2015
dc.date.none.fl_str_mv 2015
2015-10-01
2016
2016-03-11
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/84210
url https://hdl.handle.net/2117/84210
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv OmniaScience
publisher.none.fl_str_mv OmniaScience
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,228081

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