Azadnia, Amir
(2016)
A Multi-objective Mathematical Model for Sustainable Supplier Selection and Order Lot-sizing under Inflation.
International Journal of Engineering, 29 (8).
pp. 1141-1150.
ISSN 10252495
Abstract
Recently, scholars and practitioners have shown an increased interest in the field of sustainable
supplier selection and order lot-sizing. While several studies have recently been carried out on this
field, far too little attention has been given to formulating a multi-objective model for the integrated
problem of multi-period multi-product order lot-sizing and sustainable supplier selection under
inflationary conditions. In this study, a mathematical model for multi-period multi-product lot-sizing
and sustainable supplier selection under the effects of inflation is developed. The proposed model
includes four objective functions which minimize total cost and maximize total social, total
environmental, and total economic qualitative scores. The model attempts to simultaneously balance
different costs under inflationary conditions to optimize the total cost of purchasing and other objective
functions. The applicability of the proposed model is shown by an illustrative example. The results
show that the proposed model can provide an effective purchasing plan for the company while
monitoring the effect of inflation and assuaging its concerns regarding sustainability issues.
| Item Type: |
Article
|
| Keywords: |
Sustainability;
Supplier Selection;
Order Lot-sizing;
Inflation Rate; |
| Academic Unit: |
Faculty of Social Sciences > School of Business |
| Item ID: |
15906 |
| Identification Number: |
https://doi.org/10.5829/idosi.ije.2016.29.08b.14 |
| Depositing User: |
Amir Azadnia
|
| Date Deposited: |
03 May 2022 14:47 |
| Journal or Publication Title: |
International Journal of Engineering |
| Publisher: |
IJE |
| Refereed: |
Yes |
| URI: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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