| dc.description.abstract | Allocating the appropriate order are such difficult tasks because decision has to be made based on concurrent market price, volume of demand, quantity of stock and distance between suppliers to warehouse, etc. The difficulty is going to be bigger when many goals need to be satisfied at the same time. The typical example is that a company wants to have high quality products or service but be afraid of paying much. This problem is called order allocation for multiple suppliers with multiple objectives. In particular, there are 3 objectives
Minimize the total costs (purchasing cost, transportation cost and inventory cost)
Maximize the percentage on-time delivery
Minimize the risk effects (the defectiveness and price fluctuation)
With improvement in aspects of modifying variables and correcting constraint, new model reflects more practical outcome compared to previous one
Keywords: order allocation, multiple-objective problem, multiple suppliers, supply planning, risk mitigation | en_US |
