Supplier Selection Model using Game Theoretical Approach

Authors

  • Nagabhushan S.V

Keywords:

game; payoff matrix; supplier invitation; supplier selection; game theory model

Abstract

The purchasing function has gained importance in supplier selection of procurement. As the evaluation of the supplier depends on various non-price attributes, formulating the strategy is very important .Every supplier tries to play tactical game in order to win the contract under uncertain situations. In our paper we propose a model through case study to select best supplier using game theoretical approach by applying simplex algorithm.

How to Cite

Nagabhushan S.V. (2018). Supplier Selection Model using Game Theoretical Approach. Global Journal of Computer Science and Technology, 18(G3), 15–18. Retrieved from https://computerresearch.org/index.php/computer/article/view/1711

Supplier Selection Model using Game Theoretical Approach

Published

2018-07-15