An Integrated Stochastic Multi-Objective Supplier Selection Problem With Incremental Volume Discounts
Abstract— A stochastic multi-objective supplier selection model with lot size volume discounts is proposed in the paper.
The stochastic parameters involved in the model are the uncertainties related to supplier’s capacity, product demand, unit
cost of purchasing and lead time. These stochastic parameters are handled and converted to their deterministic equivalents
using chance constraint based approach. To validate the proposed model, data is generated randomly and solved in LINGO