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.
Original language | English (US) |
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Pages (from-to) | 64-78 |
Number of pages | 15 |
Journal | International Journal of Integrated Supply Management |
Volume | 1 |
Issue number | 1 |
DOIs | |
State | Published - 2004 |
All Science Journal Classification (ASJC) codes
- Strategy and Management
- Marketing
Keywords
- performance measurement
- supply chain management
- vendor selection