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| Author: | Talluri, S. Narasimhan, R. |
| Title: | Vendor evaluation with performance variability: a max-min approach |
| Journal: | European Journal of Operational Research
2003 : MAY, VOL. 146:3, p. 543-552 |
| Index terms: | Linear programming Optimization Productivity Purchasing |
| Language: | eng |
| Abstract: | The authors propose a max-in productivity based approach that derives vendor performance variability measures, which are then utilized in a non-parametric statistical technique in identifying vendor groups for effective selection. The primary advantage of this technique is that it provides the buyer with effective alternative choices within a vendor group. Thus, allowing the buyer to base the final decision on other intangible factors that could not be incorporated into the analysis. The model application is demonstrated through a previously reported dataset from a pharmaceutical company. |
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