Selection of Suppliers in Fuzzy Environment with Stock-Out Allowed

Abstract:

On the premise of time restriction and allowable stock-out, fuzzy parameters of suppliers’ supply capacity and demand capacity of manufacturers are considered, and a satisfactory selection scheme of suppliers is discussed in this study for the determination of the suppliers involved and the quantity of their materials in order to minimize the total cost. A fuzzy planning model is proposed concerning this issue, and we solve it by using the interval-valued mean to transform the uncertain model into their equivalent formulation, thus providing theoretical basis for the selection of suppliers.

• Periodical: Applied Mechanics and Materials (Volumes 63-64)
• Pages: 182-188
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.63-64.182
• Online since: June 2011
• Authors: Cheng Liu, Zong Juan Lu
• Keywords: Cost, Fuzzy Parameter, Interval-Valued Mean, Mean Area, Supplier Selection

References

[1] Dickson G.W. Analysis of vendor selection system and decision. Journal of Purchasing, no. 2, (1966), pp.5-17.

[2] Weber C A, Current J R, Benton W C. Vendor selection criteria and methods. European Journal Operational Research, no. 50, (1991), pp.2-18.

DOI: 10.1016/0377-2217(91)90033-r

[3] Current J R, Weber C A. Application of facility location modeling constructs to vendor selection problem. European Journal Operational Research, no. 76, (1994), pp.387-396.

DOI: 10.1016/0377-2217(94)90275-5

[4] Tagaras G and Lee H L. Economic models for vendor evaluation with quality cost analysis. Management Science, Vol. 42, no. 11, (2006), pp.1531-1543.

DOI: 10.1287/mnsc.42.11.1531

[5] Gong Yong, Yao Li, Sha Ji-chang, Wang Chang-ying. Study on collaboration supply based on minimal inventory cost. Computer Integrated Manufacturing Systems, Vol. 10, no. 3, (2004), pp.322-325.

[6] Liu Chun-lin, He Jian-min, Shi Jian-jun. Study on collaboration-supply in supply chain. Journal of Management Science in China, Vol. 5, no. 2, (2002), pp.29-33.

[7] Liu Cheng, Chen Zhi-ya. Research of vendors selection problem with time restriction and allowing shortage. Nature Science Journal of Xiangtan University, Vol. 31, no. 2, (2009), pp.160-165.

[8] D. Dubois, H. Prade. Systems of linear fuzzy constraints. Fuzzy Sets and Systems, Vol. 3, no. 1, (1980), pp.37-48.

DOI: 10.1016/0165-0114(80)90004-4

[9] D. Dubois, H. Prade. The mean value of a fuzzy number . Fuzzy Sets and Systems, Vol. 24, no. 3, (1987) pp.279-300.

DOI: 10.1016/0165-0114(87)90028-5

[10] Enriqueta Vercher, Jose D. Bermudez, Jose Vicent Segura. Fuzzy Portfolio Optimization under downside risk measures. Fuzzy Sets and Systems, Vol. 158, no. 7, (2007), pp.769-782.

DOI: 10.1016/j.fss.2006.10.026

[11] Li Dengfeng, Fuzzy Multi-Objective Many-Person Decision Makings and Games, Beijing: National Defense Industry Press, (2003).

[12] M.G. Speranza. Linear Programming model for Portfolio optimization. Finance, no. 14, (1993), pp.107-123.