Make or buy strategy decision making in supply quality chain
Minimizing the total cost is absolutely the goal of each supply chain, which is most of the time pursued. In this regards, quality related costs that have significant roles are sometimes neglected. Selecting suppliers, which supply relatively high quality raw materials in a lower cost is considered...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2012-04-01
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| Series: | International Journal of Industrial Engineering Computations |
| Subjects: | |
| Online Access: | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_18.pdf |
| _version_ | 1819010123042914304 |
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| author | Seyed Mohammad Seyedhosseini Faezeh Mohammadipour Milad Gorji Ashtiani |
| author_facet | Seyed Mohammad Seyedhosseini Faezeh Mohammadipour Milad Gorji Ashtiani |
| author_sort | Seyed Mohammad Seyedhosseini |
| collection | DOAJ |
| description | Minimizing the total cost is absolutely the goal of each supply chain, which is most of the time pursued. In this regards, quality related costs that have significant roles are sometimes neglected. Selecting suppliers, which supply relatively high quality raw materials in a lower cost is considered as a strategic decision. Make or Buy decision can be also noticed in supplier selection process. In this paper, the supply strategy: Make or Buy decision (SS: MOB) is studied in order to find which strategy (Make or Buy) should be chosen to minimize the total costs of supply chain. Therefore, two separate models are generated for each strategy and several examples are solved for the respective models. Computational experiments show the efficiency of the proposed models for making decision about selecting the best strategy. |
| first_indexed | 2024-12-21T01:07:15Z |
| format | Article |
| id | doaj.art-de970fcffc494323a9849dcc1cbce3b8 |
| institution | Directory Open Access Journal |
| issn | 1923-2926 1923-2934 |
| language | English |
| last_indexed | 2024-12-21T01:07:15Z |
| publishDate | 2012-04-01 |
| publisher | Growing Science |
| record_format | Article |
| series | International Journal of Industrial Engineering Computations |
| spelling | doaj.art-de970fcffc494323a9849dcc1cbce3b82022-12-21T19:21:01ZengGrowing ScienceInternational Journal of Industrial Engineering Computations1923-29261923-29342012-04-0133413422Make or buy strategy decision making in supply quality chainSeyed Mohammad SeyedhosseiniFaezeh MohammadipourMilad Gorji AshtianiMinimizing the total cost is absolutely the goal of each supply chain, which is most of the time pursued. In this regards, quality related costs that have significant roles are sometimes neglected. Selecting suppliers, which supply relatively high quality raw materials in a lower cost is considered as a strategic decision. Make or Buy decision can be also noticed in supplier selection process. In this paper, the supply strategy: Make or Buy decision (SS: MOB) is studied in order to find which strategy (Make or Buy) should be chosen to minimize the total costs of supply chain. Therefore, two separate models are generated for each strategy and several examples are solved for the respective models. Computational experiments show the efficiency of the proposed models for making decision about selecting the best strategy.http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_18.pdfCost minimizationSupplier selectionMake or Buy decisionOutsourcingInsourcing |
| spellingShingle | Seyed Mohammad Seyedhosseini Faezeh Mohammadipour Milad Gorji Ashtiani Make or buy strategy decision making in supply quality chain International Journal of Industrial Engineering Computations Cost minimization Supplier selection Make or Buy decision Outsourcing Insourcing |
| title | Make or buy strategy decision making in supply quality chain |
| title_full | Make or buy strategy decision making in supply quality chain |
| title_fullStr | Make or buy strategy decision making in supply quality chain |
| title_full_unstemmed | Make or buy strategy decision making in supply quality chain |
| title_short | Make or buy strategy decision making in supply quality chain |
| title_sort | make or buy strategy decision making in supply quality chain |
| topic | Cost minimization Supplier selection Make or Buy decision Outsourcing Insourcing |
| url | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_18.pdf |
| work_keys_str_mv | AT seyedmohammadseyedhosseini makeorbuystrategydecisionmakinginsupplyqualitychain AT faezehmohammadipour makeorbuystrategydecisionmakinginsupplyqualitychain AT miladgorjiashtiani makeorbuystrategydecisionmakinginsupplyqualitychain |