An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability
In supply chain management, selecting the right supplier is one of the most important decision-making processes for improving corporate competitiveness. In particular, when a buyer considers selecting multiple suppliers, one should consider the issue of order allocation with supplier selection. In t...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-05-01
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| Series: | Information |
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| Online Access: | http://www.mdpi.com/2078-2489/9/6/130 |
| _version_ | 1811238510100742144 |
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| author | Pyoungsoo Lee Sungmin Kang |
| author_facet | Pyoungsoo Lee Sungmin Kang |
| author_sort | Pyoungsoo Lee |
| collection | DOAJ |
| description | In supply chain management, selecting the right supplier is one of the most important decision-making processes for improving corporate competitiveness. In particular, when a buyer considers selecting multiple suppliers, one should consider the issue of order allocation with supplier selection. In this article, an interactive multiobjective optimization approach is proposed for the supplier selection and order allocation problem. Also, the concept of desirability is incorporated into the optimization model to take into account the principles of diminishing marginal utility. The results are presented by comparing them with the solutions from the weighting methods. This study shows the advantage of the proposed method in that the decision-maker directly checks the degree of desirability and learns his/her preference structure through improved solutions. |
| first_indexed | 2024-04-12T12:42:58Z |
| format | Article |
| id | doaj.art-68afd88852914c07be73ba60fa096124 |
| institution | Directory Open Access Journal |
| issn | 2078-2489 |
| language | English |
| last_indexed | 2024-04-12T12:42:58Z |
| publishDate | 2018-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Information |
| spelling | doaj.art-68afd88852914c07be73ba60fa0961242022-12-22T03:32:43ZengMDPI AGInformation2078-24892018-05-019613010.3390/info9060130info9060130An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of DesirabilityPyoungsoo Lee0Sungmin Kang1Korea E-Trade Research Institute, Chung-Ang University, 84 Heukseok, Dongjak, Seoul 06974, KoreaCollege of Business and Economics, Chung-Ang University, 84 Heukseok-ro, Dongjak-gu, Seoul 06974, KoreaIn supply chain management, selecting the right supplier is one of the most important decision-making processes for improving corporate competitiveness. In particular, when a buyer considers selecting multiple suppliers, one should consider the issue of order allocation with supplier selection. In this article, an interactive multiobjective optimization approach is proposed for the supplier selection and order allocation problem. Also, the concept of desirability is incorporated into the optimization model to take into account the principles of diminishing marginal utility. The results are presented by comparing them with the solutions from the weighting methods. This study shows the advantage of the proposed method in that the decision-maker directly checks the degree of desirability and learns his/her preference structure through improved solutions.http://www.mdpi.com/2078-2489/9/6/130supplier selectionorder allocationmultiobjective optimizationinteractive approachdesirability function |
| spellingShingle | Pyoungsoo Lee Sungmin Kang An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability Information supplier selection order allocation multiobjective optimization interactive approach desirability function |
| title | An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability |
| title_full | An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability |
| title_fullStr | An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability |
| title_full_unstemmed | An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability |
| title_short | An Interactive Multiobjective Optimization Approach to Supplier Selection and Order Allocation Problems Using the Concept of Desirability |
| title_sort | interactive multiobjective optimization approach to supplier selection and order allocation problems using the concept of desirability |
| topic | supplier selection order allocation multiobjective optimization interactive approach desirability function |
| url | http://www.mdpi.com/2078-2489/9/6/130 |
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