Version 1
: Received: 6 July 2021 / Approved: 8 July 2021 / Online: 8 July 2021 (10:05:29 CEST)
How to cite:
Jwo, T. Y.; Shyuan, L. Y.; Shih, L. H.; Shu, T. C. Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company. Preprints2021, 2021070188. https://doi.org/10.20944/preprints202107.0188.v1
Jwo, T. Y.; Shyuan, L. Y.; Shih, L. H.; Shu, T. C. Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company. Preprints 2021, 2021070188. https://doi.org/10.20944/preprints202107.0188.v1
Jwo, T. Y.; Shyuan, L. Y.; Shih, L. H.; Shu, T. C. Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company. Preprints2021, 2021070188. https://doi.org/10.20944/preprints202107.0188.v1
APA Style
Jwo, T. Y., Shyuan, L. Y., Shih, L. H., & Shu, T. C. (2021). Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company. Preprints. https://doi.org/10.20944/preprints202107.0188.v1
Chicago/Turabian Style
Jwo, T. Y., Lee Hsuan Shih and Tu Chang Shu. 2021 "Using a Product Life Cycle Cost Model to Solve Supplier Selection Problems in the High-Technology Company" Preprints. https://doi.org/10.20944/preprints202107.0188.v1
Abstract
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.
Keywords
supplier selection; product life cycle cost; geometric averaging-weighting; multiobjective linear programming; revised multichoice goal programming
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
