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A MCDM-based model for vendor selection:a case study in the particleboard industry

A MCDM-based model for vendor selection:a case study in the particleboard industry
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摘要 We investigated procurement of raw materials for particleboard to minimize costs and develop an efficient optimization model for product mix. In a multiple-vendor market, vendors must be evaluated based on specified criteria. Assuming sourcing from the highest-scoring vendors, annual purchase quantities are then planned. To meet procure- ment needs, we first propose a model to describe the problem. Then, an appropriate multi-criteria decision making (MCDM) technique is se- lected to solve it. We ran the model using commercial software such as LINGO~ and then compared the model results to a real case involving one of the largest particleboard manufacturers in the region. The model run based real data yielded a procurement program that is more efficient and lower in cost than the program currently in use. Use of this procurement modelling approach would yield considerable financial returns. We investigated procurement of raw materials for particleboard to minimize costs and develop an efficient optimization model for product mix. In a multiple-vendor market, vendors must be evaluated based on specified criteria. Assuming sourcing from the highest-scoring vendors, annual purchase quantities are then planned. To meet procure- ment needs, we first propose a model to describe the problem. Then, an appropriate multi-criteria decision making (MCDM) technique is se- lected to solve it. We ran the model using commercial software such as LINGO~ and then compared the model results to a real case involving one of the largest particleboard manufacturers in the region. The model run based real data yielded a procurement program that is more efficient and lower in cost than the program currently in use. Use of this procurement modelling approach would yield considerable financial returns.
出处 《Journal of Forestry Research》 CAS CSCD 2012年第4期685-690,共6页 林业研究(英文版)
关键词 vendor selection PARTICLEBOARD multi-criteria decision making FOREST mathematical model vendor selection particleboard multi-criteria decision making forest mathematical model
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