Supplier selection in an advanced manufacturing technology environment: an optimization model

Abstract

Examines the vendor evaluation and selection models developed by many researchers during the past ten years. Some of these models are very simple and intuitive but some of them are more sophisticated and mathematically oriented. These models show supplier selection decision making processes based on a set of supplier performance criteria. Examines these models to find out if there is a need for a more representative model and develops a simple model for supplier evaluation and selection in an advanced manufacturing technologies’ environment. The model offers decision makers a variety of scenarios on which they can select the best criterion or set of criteria for vendor evaluation and selection. Additionally, presents a numerical example to illustrate the model and to prove its practical utility.