Title: Vendor selection in a supply chain using analytic hierarchy process and genetic algorithm methods
Authors: R. Venkata Rao
Addresses: School of Mechanical Engineering, Shri Mata Vaishno Devi University, Kakrial Post, Udhampur District, J&K – 182 121, India
Abstract: The performance of the vendor is a key element in a company|s success or failure. In order to attain the goals of low cost, consistent high quality, flexibility and quick response, companies have increasingly considered better vendor selection approaches. The overall goal of selection is to identify high-potential vendors and their quota allocations. An effective and appropriate vendor selection method is therefore very crucial to the competitiveness of companies. This paper presents a logical procedure for solving the vendor selection problem in a supply chain environment with multiple objectives. The procedure is based on a combined Analytic Hierarchy Process (AHP) and a Genetic Algorithm (GA) method. The proposed procedure has the capability to handle realistic situations and provides a decision-making tool for the vendor selection decision in a supply chain. An example is included to illustrate the approach.
Keywords: vendor selection; supply chain management; SCM; analytical hierarchy process; AHP; genetic algorithms; GA; precision-based methods.
International Journal of Services and Operations Management, 2007 Vol.3 No.3, pp.355 - 369
Available online: 07 Apr 2007 *Full-text access for editors Access for subscribers Purchase this article Comment on this article