Paper Info
Title
Hybrid Multi-criteria Decision-Making Approach for Supplier Evaluation in Fuzzy Environment.
Abstract
The competitive business environment has enforced companies to revisit their strategies of purchasing and evaluation of suppliers. The supplier evaluation is considered multi decisive factor problem because it includes intangible and tangible attributes. The current paper introduces an approach for optimization of cost and carbon emission by evaluating the best performing suppliers, incorporating multiple techniques, viz., factor analysis, technique for order preference by similarity to ideal solution (TOPSIS), and fuzzy analytic hierarchy process (FAHP). A questionnaire is built and 160 manufacturers are surveyed. Factor analysis is then performed to identify possible factors considering different variables (criteria) chosen from literature. These factors are considered as criteria in FAHP where triangular fuzzy numbers are used to compute criteria weights followed by TOPSIS to get alternative weights. Then these alternative weights are used in bi-objective optimization model to minimize the cost incurred during procurement, transportation and holding, and minimizing the carbon emissions while transporting products to the direct retailers. For solution process, fuzzy goal programming approach has been used. Model is validated on a case data set.
Year
DOI
Venue
2015
10.1007/978-981-10-0451-3_86
PROCEEDINGS OF FIFTH INTERNATIONAL CONFERENCE ON SOFT COMPUTING FOR PROBLEM SOLVING (SOCPROS 2015), VOL 2
Keywords
DocType
Volume
Supplier evaluation,Multi-criteria decision-making (MCDM),Factor analysis,Fuzzy set theory,AHP,TOPSIS,Carbon emission
Conference
437
ISSN
Citations 
PageRank 
2194-5357
0
0.34
References 
Authors
0
3
Name
Order
Citations
PageRank
Nidhi Bhayana100.34
Kanika Gandhi200.34
P. C. Jha37418.92