@article { author = {Modarres-Yazdi, M.}, title = {A Single Supplier Procurement Model With Random Yield}, journal = {International Journal of Engineering}, volume = {6}, number = {2}, pages = {95-108}, year = {1993}, publisher = {Materials and Energy Research Center}, issn = {1025-2495}, eissn = {1735-9244}, doi = {}, abstract = {In this paper, we develop a procedure for selecting a supplier. Suppliers are characterized by their lead time, price and quality (random yield). Each purchased item is acceptable with a given probability and independent of the others. We assume the demands are deterministic with no set-up cost and backordering is allowed. For each supplier, an optimal ordering policy is developed. We prove the optimal policy is myopic if the value of items remains constant.}, keywords = {Supplier selection,Random Yield,Production/Inventory,Dynamic programming,Myopic Policy}, url = {https://www.ije.ir/article_71082.html}, eprint = {https://www.ije.ir/article_71082_c4d19b3fd18ecd1af6590043d632fd9c.pdf} }