Vendor evaluation and selection is one of the most important issues in manufacturing management. It is a multi-criteria decision problem including various factors. Traditional methods have many shortcomings. Fuzzy AHP...Vendor evaluation and selection is one of the most important issues in manufacturing management. It is a multi-criteria decision problem including various factors. Traditional methods have many shortcomings. Fuzzy AHP model is established to solve this problem. A general evaluation method is provided and steps are presented. As a case study,the model is implemented in an electro-mechanical product company. And a detailed example is given to illustrate the effectiveness of this approach.展开更多
The purpose of this article is to help small business persons who are in the market formicro-computers to select and use the specific product or service that will most effectively satisfytheir needs.This study is the ...The purpose of this article is to help small business persons who are in the market formicro-computers to select and use the specific product or service that will most effectively satisfytheir needs.This study is the development of a structure of representing system attributes in a formsuitable for a manageable decision model.This study uses“Descriptor”software package as a tooland uses the decision model of selecting a computer system and its vendor for an organization(buyer)to exemplify the application of“Descriptor”in decision processing.展开更多
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 c...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.展开更多
Traditional multi-band frequency selective surface （FSS） approaches are hard to achieve a perfect resonance response in a wide band due to the limit of the onset grating lobe frequency determined by the array. To so...Traditional multi-band frequency selective surface （FSS） approaches are hard to achieve a perfect resonance response in a wide band due to the limit of the onset grating lobe frequency determined by the array. To solve this problem, an approach of combining elements in different period to build a hybrid array is presented. The results of series of numerical simulation show that multi-periodicity combined element FSS, which are designed using this approach, usually have much weaker grating lobes than the traditional FSS. Furthermore, their frequency response can be well predicted through the properties of their member element FSS. A prediction method for estimating the degree of expected grating lobe energy loss in designing multi-band FSS using this approach is provided.展开更多
Vendors’Evaluating and Selecting is one study focu s in SCM and VMO. It is one of the very important operations management and can ad vance to implement the strategic aims. With the increase in use of total quality m...Vendors’Evaluating and Selecting is one study focu s in SCM and VMO. It is one of the very important operations management and can ad vance to implement the strategic aims. With the increase in use of total quality management and just-in-time concepts by a wide range of firms, the vendor sel ection question has become extremely important. It is necessary for firms to tak e part in the global competition and global manufacture. There are some decision -making techniques which can be used for evaluating and selecting vendors, such as weighting point methods, utility theary, multi-objective programming, analy tic hierarchy process, vendor profile analysis, and so on. Analytic Hierarchy Pr ocess(AHP) is a technique in common use for quantifying the problem. Since AHP i s put forward in 1973 by Satty, it has been accepted. However, this technique ha s its shortcomings, and one of them is that distributing weights is subjective. In recent years,some scholars prove that it is defferent from factual doing usin g subjective ways for vendors’ evaluating and selecting. In fact, the methods f or vendors’evaluating and selecting should be given by practical circs. Today, there’s somebody who has brought forward that it is studied by deviding four ty pes of relationships in view of two major factors: the reference time horizon of the relationship; and the content of the relationship in terms of the nature of the interation between supplier and customer. In the paper, we only consider th e scenario of short-term and logistic intergration brought forward by Cristina and Andrea. In the scenario, we only consider current manufacturing performance. In fact, the scenario is often seen in these developing countries.We bring up a model for grey system analysis on vendors’evaluating and selecting to attempt to expore this problem. The model integrates AHP and the grey system theory and attempt to eliminate the subjective factors in AHP using objective datum. Moreov er, it is based on the feature of data insufficiency and uncertainty and sample information of abnormality in system data.So,it overcomes the issues of deficien t information and absent data(it is often seen in management).展开更多
This paper characterizes quality, budget, and demand as fuzzy variables in a fuzzy vendor selection expected value model and a fuzzy vendor selection chance-constrained programming model, to maximize the total quality...This paper characterizes quality, budget, and demand as fuzzy variables in a fuzzy vendor selection expected value model and a fuzzy vendor selection chance-constrained programming model, to maximize the total quality level. The two models have distinct advantages over existing methods for selecting vendors in fuzzy environments. A genetic algorithm based on fuzzy simulations is designed to solve these two models. Numerical examples show the effectiveness of the algorithm.展开更多
This paper proposed a multi-period dynamic optimal portfolio selection model. Assumptions were made to assure the strictness of reasoning. This Approach depicted the developments and changing of the real stock market ...This paper proposed a multi-period dynamic optimal portfolio selection model. Assumptions were made to assure the strictness of reasoning. This Approach depicted the developments and changing of the real stock market and is an attempt to remedy some of the deficiencies of recent researches. The model is a standard form of quadratic programming. Furthermore, this paper presented a numerical example in real stock market.展开更多
In this paper,we first construct a time consistent multi-period worst-case risk measure,which measures the dynamic investment risk period-wise from a distributionally robust perspective.Under the usually adopted uncer...In this paper,we first construct a time consistent multi-period worst-case risk measure,which measures the dynamic investment risk period-wise from a distributionally robust perspective.Under the usually adopted uncertainty set,we derive the explicit optimal investment strategy for the multi-period robust portfolio selection problem under the multi-period worst-case risk measure.Empirical results demonstrate that the portfolio selection model under the proposed risk measure is a good complement to existing multi-period robust portfolio selection models using the adjustable robust approach.展开更多
Survival of a company in today's competitive business environment depends mainly on its supply chain.An adequate supply chain gives a competitive edge to a com-pany.Sourcing,which is the initial stage of a supply ...Survival of a company in today's competitive business environment depends mainly on its supply chain.An adequate supply chain gives a competitive edge to a com-pany.Sourcing,which is the initial stage of a supply chain,can be made efficient by making an appropriate selection of vendors.Appropriate vendor selection results not only in reduced purchasing costs,decreased production lead time,increased customer satisfaction but also in improved corporate competitiveness.In general,the vendor selection problem is a multi-objective decision-making problem that involves some quantitative and qualitative factors.So,we have considered a multi-objective ven-dor selection problem(MOV SP)with three multiple objective goals:minimization of net ordering price,minimization of rejected units and minimization of late delivered units.In most of the cases,information about the price of a unit,percentage of rejected units,percentage of late delivered units,vendor rating value and vendor quota flexibil-ity may not be known precisely due to some reasons.In this paper,imprecision in input information is handled by the concept of a simulation technique,where the parameter follows the uniform distribution.Deterministic,stochastic,a-cut and ranking function approaches are used to get the crisp value of the simulated data sets.The four differ-ent algorithms,namely-fuzzy programming,goal programming,lexicographic goal programming and D1-distance algorithm,have been used for solving the MOVSP.In last,three different types of simulated data sets have been used to illustrate the work.展开更多
文摘Vendor evaluation and selection is one of the most important issues in manufacturing management. It is a multi-criteria decision problem including various factors. Traditional methods have many shortcomings. Fuzzy AHP model is established to solve this problem. A general evaluation method is provided and steps are presented. As a case study,the model is implemented in an electro-mechanical product company. And a detailed example is given to illustrate the effectiveness of this approach.
文摘The purpose of this article is to help small business persons who are in the market formicro-computers to select and use the specific product or service that will most effectively satisfytheir needs.This study is the development of a structure of representing system attributes in a formsuitable for a manageable decision model.This study uses“Descriptor”software package as a tooland uses the decision model of selecting a computer system and its vendor for an organization(buyer)to exemplify the application of“Descriptor”in decision processing.
文摘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.
基金supported by the National Natural Science Foundation of China(90305026).
文摘Traditional multi-band frequency selective surface （FSS） approaches are hard to achieve a perfect resonance response in a wide band due to the limit of the onset grating lobe frequency determined by the array. To solve this problem, an approach of combining elements in different period to build a hybrid array is presented. The results of series of numerical simulation show that multi-periodicity combined element FSS, which are designed using this approach, usually have much weaker grating lobes than the traditional FSS. Furthermore, their frequency response can be well predicted through the properties of their member element FSS. A prediction method for estimating the degree of expected grating lobe energy loss in designing multi-band FSS using this approach is provided.
文摘Vendors’Evaluating and Selecting is one study focu s in SCM and VMO. It is one of the very important operations management and can ad vance to implement the strategic aims. With the increase in use of total quality management and just-in-time concepts by a wide range of firms, the vendor sel ection question has become extremely important. It is necessary for firms to tak e part in the global competition and global manufacture. There are some decision -making techniques which can be used for evaluating and selecting vendors, such as weighting point methods, utility theary, multi-objective programming, analy tic hierarchy process, vendor profile analysis, and so on. Analytic Hierarchy Pr ocess(AHP) is a technique in common use for quantifying the problem. Since AHP i s put forward in 1973 by Satty, it has been accepted. However, this technique ha s its shortcomings, and one of them is that distributing weights is subjective. In recent years,some scholars prove that it is defferent from factual doing usin g subjective ways for vendors’ evaluating and selecting. In fact, the methods f or vendors’evaluating and selecting should be given by practical circs. Today, there’s somebody who has brought forward that it is studied by deviding four ty pes of relationships in view of two major factors: the reference time horizon of the relationship; and the content of the relationship in terms of the nature of the interation between supplier and customer. In the paper, we only consider th e scenario of short-term and logistic intergration brought forward by Cristina and Andrea. In the scenario, we only consider current manufacturing performance. In fact, the scenario is often seen in these developing countries.We bring up a model for grey system analysis on vendors’evaluating and selecting to attempt to expore this problem. The model integrates AHP and the grey system theory and attempt to eliminate the subjective factors in AHP using objective datum. Moreov er, it is based on the feature of data insufficiency and uncertainty and sample information of abnormality in system data.So,it overcomes the issues of deficien t information and absent data(it is often seen in management).
基金the National Natural Science Foundation of China (Nos.70471049 and 70571056)
文摘This paper characterizes quality, budget, and demand as fuzzy variables in a fuzzy vendor selection expected value model and a fuzzy vendor selection chance-constrained programming model, to maximize the total quality level. The two models have distinct advantages over existing methods for selecting vendors in fuzzy environments. A genetic algorithm based on fuzzy simulations is designed to solve these two models. Numerical examples show the effectiveness of the algorithm.
文摘This paper proposed a multi-period dynamic optimal portfolio selection model. Assumptions were made to assure the strictness of reasoning. This Approach depicted the developments and changing of the real stock market and is an attempt to remedy some of the deficiencies of recent researches. The model is a standard form of quadratic programming. Furthermore, this paper presented a numerical example in real stock market.
基金This research was supported by the National Natural Science Foundation of China(Nos.71371152 and 11571270).
文摘In this paper,we first construct a time consistent multi-period worst-case risk measure,which measures the dynamic investment risk period-wise from a distributionally robust perspective.Under the usually adopted uncertainty set,we derive the explicit optimal investment strategy for the multi-period robust portfolio selection problem under the multi-period worst-case risk measure.Empirical results demonstrate that the portfolio selection model under the proposed risk measure is a good complement to existing multi-period robust portfolio selection models using the adjustable robust approach.
文摘Survival of a company in today's competitive business environment depends mainly on its supply chain.An adequate supply chain gives a competitive edge to a com-pany.Sourcing,which is the initial stage of a supply chain,can be made efficient by making an appropriate selection of vendors.Appropriate vendor selection results not only in reduced purchasing costs,decreased production lead time,increased customer satisfaction but also in improved corporate competitiveness.In general,the vendor selection problem is a multi-objective decision-making problem that involves some quantitative and qualitative factors.So,we have considered a multi-objective ven-dor selection problem(MOV SP)with three multiple objective goals:minimization of net ordering price,minimization of rejected units and minimization of late delivered units.In most of the cases,information about the price of a unit,percentage of rejected units,percentage of late delivered units,vendor rating value and vendor quota flexibil-ity may not be known precisely due to some reasons.In this paper,imprecision in input information is handled by the concept of a simulation technique,where the parameter follows the uniform distribution.Deterministic,stochastic,a-cut and ranking function approaches are used to get the crisp value of the simulated data sets.The four differ-ent algorithms,namely-fuzzy programming,goal programming,lexicographic goal programming and D1-distance algorithm,have been used for solving the MOVSP.In last,three different types of simulated data sets have been used to illustrate the work.
