Abstract
One step in any outsourcing project requires the selection of an outsource vendor. The vendor selection decision has been identified in the literature as the vendor selection problem or VSP. In this paper we apply a vendor selection framework for outsourcing. We formulate the VSP decision as a combinatorial optimization model and analyze its complexity to find the exact optimal solution. Utilizing an actual outsourcing case study we demonstrate benefits of adopting the process which depends on information improvement and the client firm's ability to use the knowledge rather than simply picking the frontrunners.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 75-90 |
| Number of pages | 16 |
| Journal | International Journal of Operations and Quantitative Management |
| Volume | 15 |
| Issue number | 2 |
| State | Published - Jun 2009 |
| Externally published | Yes |
Keywords
- Case study
- Combinatorial mathematics
- Optimization methods
- Outsourcing
- Vendor selection
ASJC Scopus subject areas
- Business and International Management
- Strategy and Management
- Management Science and Operations Research
- Information Systems and Management
- Management of Technology and Innovation