September 2015
Beginner to intermediate
336 pages
7h 44m
English
book
The Best Thinking in Business Analytics from the Decision Sciences Institute
by Decision Sciences Institute, Merrill Warkentin
Content preview from The Best Thinking in Business Analytics from the Decision Sciences Institute
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13. Supplier Selection and Order Allocation in Closed-Loop Supply Chain Systems
—Kamran S. Moghaddam, California State University, Fresno
Abstract
Supplier selection is an important strategic design decision in closed-loop supply chain systems. After identifying the candidate suppliers, optimal order allocations are also considered as crucial tactical decisions. This research formulates a multi-objective optimization model to select the best suppliers and configure manufacturing and refurbishing facilities with the optimal number of parts and products in a closed-loop supply chain system. The objective functions are defined as total profit, total defective parts, total late delivered parts, and economic risk factors of the candidate suppliers. ...
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