%0 Journal Article
%T An optimization technique for vendor selection with quantity discounts using Genetic Algorithm
%J Journal of Industrial Engineering, International
%I Islamic Azad University, South Tehran Branch
%Z 1735-5702
%A Arunkumar, N
%A Karunamoorthy, L
%A Uma Makeshwaraa, N
%D 2007
%\ 04/01/2007
%V 3
%N 4
%P 1-13
%! An optimization technique for vendor selection with quantity discounts using Genetic Algorithm
%K Vendor selection
%K Multi-objective
%K Combinatorial
%K Genetic Algorithm
%K Quantity discounts
%R
%X Vendor selection decisions are complicated by the fact that various conflicting multi-objective factors must be considered in the decision making process. The problem of vendor selection becomes still more compli-cated with the inclusion of incremental discount pricing schedule. Such hard combinatorial problems when solved using meta heuristics produce near optimal solutions. This paper proposes a multi-component multiple vendor selection model with vendors offering quantity discounts. This problem is then evaluated using Ge-netic Algorithm with a case study approach. Combinatorial approach is used to group the vendors for selec-tion and Genetic Algorithm to allocate the optimal order quantities for each vendor.
%U http://jiei.azad.ac.ir/article_511084_1d566d96e561f19c8868f87d3e36a153.pdf