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Under the regulated (or "protected") tariff model, each supplier must offer one tariff where the price is set by the regulator and any prices changes must be approved by them.
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Therefore, in this thesis, to determine the actual performance of each supplier, model (18) is developed which is the DEA model based on GP.
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Figure 1 Model of supplier resources and competencies.
The priority of the five suppliers was supplier 4 > supplier 1 > supplier 2 > supplier 5 > supplier 3. From GRA model application, supplier 4 will be declared as the best supplier.
Amid et al. (2006) represented multi objective linear programming model to supplier selection.
Open image in new window Fig. 6 The hierarchical model of supplier evaluation and selection.
We then model the interaction between the suppliers as an incomplete information (Bayesian) game: the structure of the game is common knowledge of all the suppliers, but each supplier knows only his/her own utility function.
Hammami et al. (2014), proposed a stochastic model for supplier selection problem which considers price discount and inventory decisions for different scenarios.
Accordingly, Hammami et al. (2014) suggested a stochastic model for supplier selection aiming at optimization of multi-period system's total cost with diverse buyers and quantity discount.
Feng et al. ([2013]) have developed an EPQ inventory model with supplier's cash discount and two-level trade credit financing.
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