Multiattribute electronic procurement using goal programming

Multiattribute electronic procurement using goal programming

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Article ID: iaor20093
Country: Netherlands
Volume: 179
Issue: 2
Start Page Number: 518
End Page Number: 536
Publication Date: Jun 2007
Journal: European Journal of Operational Research
Authors: , , , ,
Keywords: programming: goal, programming: integer
Abstract:

One of the key challenges of current day electronic procurement systems is to enable procurement decisions transcend beyond a single attribute such as cost. Consequently, multiattribute procurement has emerged as an important research direction. In this paper, we develop a multiattribute e-procurement system for procuring large volume of a single item. Our system is motivated by an industrial procurement scenario for procuring raw material. The procurement scenario demands multiattribute bids, volume discount cost functions, inclusion of business constraints, and consideration of multiple criteria in bid evaluation. We develop a generic framework for an e-procurement system that meets the above requirements. The bid evaluation problem is formulated as a mixed linear integer multiple criteria optimization problem and goal programming is used as the solution technique.

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