Abstract
A supplier's overall performance can be gauged by his unit price and adherence to quality standards and delivery schedules. The cost of substandard quality and non-adherence to delivery schedule is computed and added to the cost of purchase. A set of order quantity and supplier combination is chosen dynamically and the total cost computed to determine the best choice (least total cost).
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Chakravarty, A. Supplier Performance and Order Allocation. J Oper Res Soc 30, 131–139 (1979). https://doi.org/10.1057/jors.1979.26
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DOI: https://doi.org/10.1057/jors.1979.26