Supplier selection using revised multi-segment goal programming model

Abstract

Selecting the best supplier has been turned into a strategic subject in the competitive market, in the recent years. Supplier selection is one of the significant multiple criteria decision-making problems, which is studied in this paper. This research applies the multi-segment goal programming formulation, which considers different positions in the goal programming. This new kind of goal programming is revised in this investigation. The advantage of the proposed method is that it allows decision makers to set multiple aspiration levels for the coefficient of variables. Hence, the decision makers obtain more revenue and match with the reality of their problems. Unlike the multi-segment goal programming proposed in the literature, the revised formulation is linearized in the current study. The supplier selection problem is solved by this new formulation in a special circumstance. Finally, some concluding notes are remarked.