scholarly journals A Product Life Cycle Cost Concept Model to Solve Supplier Selection Problems in the Supply Chain Management

2021 ◽  
Author(s):  
Tao Yu- Jwo ◽  
Lin Yi- Shyuan ◽  
Lee Hsuan- Shih ◽  
Tu Chang- Shu
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Supply Chain Management ◽  
Goal Programming ◽  
Life Cycle Cost ◽  
Supplier Selection ◽  
Product Life Cycle ◽  
High Tech ◽  
Chain Management ◽  
Product Life

Today’s purchasing companies demand an advanced buyer equal of enactment from their supplier while the two parties maintain a respectful connection. Although the supplier selection (SC) product life cycle cost (SCPLCC) is an important consideration among corporations, SCPLCC problem has become associated with deciding how one supplier should be selected from possible alternatives. In this study, we applied two types of goal programming, multiobjective linear programming and revised multichoice goal programming to develop a PLCC-based concept to solve the SCPLCC problem and construct a decision-making tool for application to a case of supply chain management in a Taiwanese light-emitting diode company in the high-tech industry. Our study main contribution Company managers can easily use the two approaches of the SCPLCC model with different parameters to solve SCPLCC model problems. Finally, we comparing five models found RMCGP with weighted linear goal programming had an adequate effect for application to the PLCC concept for high-technology comapny; this cloud make company decision–makers focus on low PLCC and select better supplier.

scholarly journals Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in Sustainable Supply Chain

2021 ◽  
Author(s):  
Tao Yu Jwo ◽  
Lin Yi Shyuan ◽  
Lee Hsuan Shih ◽  
Tu Chang Shu
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Goal Programming ◽  
Life Cycle Cost ◽  
Supplier Selection ◽  
Product Life Cycle ◽  
Cost Model ◽  
High Tech ◽  
Sustainable Supply Chain ◽  
Product Life

Supplier selection (SC) continues to be a crucial component in manufacturing procurement. Using the PLCC advantages generates revenue and lowers costs more than might be anticipated. Supplier selection (SC) product life cycle cost (SCPLCC) is an important consideration among corporations, SCPLCC problem has become associated with deciding how one supplier should be selected from possible alternatives. Past literature on this topic is limited. We try to close this gap in knowledge. In this study, we attempt to apply two types of goal programming, multiobjective linear programming and revised multichoice goal programming to develop a PLCC-based concept to solve the SCPLCC problem and construct a decision-making tool for application to a case of supply chain management in a Taiwanese light-emitting diode company in the high-tech industry. Our study main contribution Company managers can easily use the two approaches of the SCPLCC model with different parameters to solve SCPLCC model problems. Finally, we are comparing five models found RMCGP with weighted linear goal programming had an adequate effect for application to the PLCC concept for high-technology Company; this cloud makes company decision–makers focus on low PLCC and select a better supplier in sustainable supply chains development.

scholarly journals Using a Social Product Life Cycle Cost Model to Solve Supplier Selection in Sustainability Supply Chain

2021 ◽  
Author(s):  
Tao Yu Jwo ◽  
Lin Yi Shyuan ◽  
Lee Hsuan Shih ◽  
Tu Chang Shu
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Goal Programming ◽  
Life Cycle Cost ◽  
Supplier Selection ◽  
Product Life Cycle ◽  
Light Emitting Diode ◽  
Cost Model ◽  
High Tech ◽  
Product Life

Supplier selection (SC) product life cycle cost (SCPLCC) is an important consideration among corporations, SCPLCC problem has become associated with deciding how one supplier should be selected from possible alternatives. In this study, we applied two types of goal programming, multiobjective linear programming and revised multichoice goal programming to develop a PLCC-based concept to solve the SCPLCC problem and construct a decision-making tool for application to a case of supply chain management in a Taiwanese light-emitting diode company in the high-tech industry. Our study main contribution Company managers can easily use the two approaches of the SCPLCC model with different parameters to solve SCPLCC model problems. Finally, we comparing five models found RMCGP with weighted linear goal programming had an adequate effect for application to the PLCC concept for high-technology company; this cloud makes company decision–makers focus on low PLCC and select a better supplier in sustainable supply chains goal.

scholarly journals Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company

2021 ◽  
Author(s):  
Tao Yu Jwo ◽  
Lin Yi Shyuan ◽  
Lee Hsuan Shih ◽  
Tu Chang Shu
Keyword(s):  
Life Cycle ◽  
Goal Programming ◽  
Life Cycle Cost ◽  
Supplier Selection ◽  
Product Life Cycle ◽  
Light Emitting Diode ◽  
Cost Model ◽  
High Technology ◽  
High Tech ◽  
Product Life

Using the PLCC advantages generates revenue and lowers costs more than might be anticipated. It ensures better decisions by using a more perfect and practical assessment of revenues and costs. Although the supplier selection (SC) product life cycle cost (SCPLCC) is an important consideration among corporations, SCPLCC problem has become associated with deciding how one supplier should be selected from possible alternatives. In this study, we applied two types of goal programming, multiobjective linear programming and revised multichoice goal programming to develop a PLCC-based concept to solve the SCPLCC problem and construct a decision-making tool for application to a case of supply chain management in a Taiwanese light-emitting diode company in the high-tech industry. Our study main contribution Company managers can easily use the two approaches of the SCPLCC model with different parameters to solve SCPLCC model problems. Finally, we comparing five models found RMCGP with weighted linear goal programming had an adequate effect for application to the PLCC concept for high-technology company; this cloud make company decision–makers focus on low PLCC and select better supplier.

scholarly journals Considering Product Life Cycle Cost Purchasing Strategy for Solving Vendor Selection Problems

2019 ◽  
Vol 11 (13) ◽  
pp. 3739
Author(s):  
Chien-Wen Shen ◽  
Yen-Ting Peng ◽  
Chang-Shu Tu
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Economies Of Scale ◽  
Rejection Rate ◽  
Life Cycles ◽  
High Tech ◽  
Vendor Selection ◽  
Product Life ◽  
Strategic Relationships

The framework of product life cycle (PLC) cost analysis is one of the most important evaluation tools for a contemporary high-tech company in an increasingly competitive market environment. The PLC-purchasing strategy provides the framework for a procurement plan and examines the sourcing strategy of a firm. The marketing literature emphasizes that ongoing technological change and shortened life cycles are important elements in commercial organizations. From a strategic viewpoint, the vendor has an important position between supplier, buyer and manufacturer. The buyer seeks to procure the products from a set of vendors to take advantage of economies of scale and to exploit opportunities for strategic relationships. However, previous studies have seldom considered vendor selection (VS) based on PLC cost (VSPLCC) analysis. The purpose of this paper is to solve the VSPLCC problems considering the situation of a single buyer–multiple supplier. For this issue, a new VSPLCC procurement model and solution procedure are derived in this paper to minimize net cost, rejection rate, late delivery and PLC cost subject to vendor capacities and budget constraints. Moreover, a real case in Taiwan is provided to show how to solve the VSPLCC procurement problem.

Supplier selection considering product structure and product life cycle cost

2016 ◽  
Vol 33 (5) ◽  
Author(s):  
Vahid Ebrahimipour ◽  
Babak Maleki Shoja ◽  
Shanling Li
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Supplier Selection ◽  
Product Life Cycle ◽  
Design Methodology ◽  
Evaluation Process ◽  
Product Structure ◽  
Selection Problem ◽  
Product Life ◽  
Supplier Selection Problem

Purpose Supplier selection is a complex decision that involves not only the consideration of unit purchasing cost but also product life-cycle cost (LCC), which affects the company’s after-sale costs over the life cycles of their products. Product structure and its impact on the supplier selection evaluation process are rarely investigated in the literature. Therefore, product structure for a multi-criteria multi-product supplier selection problem with uncertainty is considered. In the model, we address product structure, the competitive supply environment, diverse criteria, and standard requirements. The objective is to choose suppliers that minimize LCC and maximize the reliability of the finished products. Design/methodology/approach Our model provides straightforward representation of interrelationships among multi-objectives and analysis of tradeoffs among conflicting objectives affected by product structure. We illustrate our model by using real life data from lubrication systems in the offshore reliability data (OREDA) handbook. Sensitivity analysis is provided for the case study in which various scenarios that describe product structure, the uncertainties in purchasing prices, reliabilities of purchased components, machine down-time due to poor quality components, suppliers’ capacity and delivery times. Different priority ranking among objectives is also tested to examine the impact of each objective on the overall objective. Findings Our computational results are based on real data and would provide useful guidelines for the management in OEM to choose right suppliers. Originality/value Product structure and its impact on the supplier selection evaluation process are rarely investigated in the literature. Therefore, product structure for a multi-criteria multi-product supplier selection problem with uncertainty is considered.

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