A cost efficiency approach for strategic vendor selection problem under certain input prices assumption |
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| Affiliation: | 1. Univ. Inst. Physics Applied to Sciences and Engineering, University of Alicante, PO Box, 99, 03080 Alicante, Spain;2. Dept. Civil Engineering, University of Alicante, PO Box, 99, 03080 Alicante, Spain;1. School of Architecture and Civil Engineering, Xiamen University, Xiamen, China;2. Department of Civil Engineering, Catholic University of America, Washington, DC 20064, United States;3. School of Transportation, Southeast University, Nanjing 210096, China;4. School of Automation, Southeast University, Nanjing 210096, China;1. School of Electronics Engineering, VIT University, Vellore, Tamil Nadu 632014, India;2. School of Electrical Engineering, VIT University, Vellore, Tamil Nadu 632014, India;3. Department of Instrument Technology, Andhra University, Visakhapatnam, Andhra Pradesh 532001, India;1. Institute of Fundamental Technological Research, Warsaw, Poland;2. Institute of Mechanized Construction and Rock Mining, Warsaw, Poland |
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| Abstract: | Strategic vendor selection problem (VSP) has been investigated in different purchasing literature during the last two decades. Indeed, senior purchasing managers always deal with such crucial decisions. Manufacturing managers in the global market are faced with challenging and complex tasks very similar to VSP. Increasing outsourcing and opportunity provided by automotive industry to the worldwide markets make these decisions, even more, complex. Various methodologies, from simple weighted scoring methods to complex mathematical programming models, are introduced to tackle the VSP.Data envelopment analysis (DEA) is a non-parametric method in operations research and economics for evaluating the productive efficiency of decision-making units (DMUs). This study utilizes the proposed approach in Toloo and Ertay (2014) to develop a method for finding the most cost efficient DMU when the prices are fixed and known. A case study of an automotive company located in Turkey is adapted from the literature to illustrate the potential application of the suggested approach. |
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| Keywords: | Data envelopment analysis (DEA) Cost efficiency Certain input prices Automotive industry Vendor selection problem (VSP) |
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