TY - JOUR ID - 71082 TI - A Single Supplier Procurement Model With Random Yield JO - International Journal of Engineering JA - IJE LA - en SN - 1025-2495 AU - Modarres-Yazdi, M. AD - Industrial Engineering, Sharif University of Technology Y1 - 1993 PY - 1993 VL - 6 IS - 2 SP - 95 EP - 108 KW - Supplier selection KW - Random Yield KW - Production/Inventory KW - Dynamic programming KW - Myopic Policy DO - N2 - 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. UR - https://www.ije.ir/article_71082.html L1 - https://www.ije.ir/article_71082_c4d19b3fd18ecd1af6590043d632fd9c.pdf ER -