Innovation is essential for high-tech/electronic companies to succeed in a globally competitive environment. It is important for a firm to understand the efficiency of an innovation, so that they can appropriately allocate the resources to obtain optimal revenues. This study utilises the...

As globalisation and international sourcing prevail, constructing an optimal combination of diverse suppliers has become of great importance for meeting measurable objectives, such as on-time delivery, cost efficiency and risk mitigation. This paper presents a method for solving a sealed-bid,...