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
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.
