A scenario-based stochastic model for supplier selection in global context with multiple buyers, currency fluctuation uncertainties, and price discounts
Supplier selection with multiple buyers, currency fluctuation uncertainty, and discounts. High value of the stochastic solution compared to its deterministic counterpart. Ignoring the currency uncertainty in supplier selection may lead to inadequate decisions. Significant gain in case of global discounts rather than local discounts.
supplier selection multiple buyers currency fluctuation uncertainty price discounts global purchasing