Title: An evaluation of vendor selection models from a total cost of ownership perspective
Authors: Degraeve, Zeger ×
Labro, E
Roodhooft, Filip #
Issue Date: 2000
Series Title: European Journal of Operational Research vol:125 issue:1 (Aug.) pages:34-58
Abstract: Many different vendor selection models have been published in the purchasing literature. However, there has been no systematic approach to compare the relative efficiency of the systems. A proposal is made to use the concept of total cost of ownership as a basis for comparing vendor selection models. The comparison is illustrated with a real-life data set of the purchasing problem of ball bearings at Cockerill Sambre, a Belgian multinational company in the steel industry. From a total cost of ownership perspective, mathematical programming models outperform rating models and multiple item models generate better results than single item models for this specific case study
ISSN: 0377-2217
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center for Operations Research and Business Statistics (ORSTAT), Leuven
Research Center Accountancy, Leuven
× corresponding author
# (joint) last author

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