Evaluation and Selection of Cement Suppliers under the Background of New and Old Driving Energy Conversion in China

Xiuguo Wu () and Yibai Meng
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Xiuguo Wu: School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan 250014, China
Yibai Meng: School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan 250014, China

Sustainability, 2022, vol. 14, issue 18, 1-21

Abstract: Accompanied by the concept of supply-side structural reform and conversion of new and old driving energy to create a new round of economic development in China, cement supplier evaluation and selection are increasingly crucial for concrete production plants, ensuring not only raw material supply with high quality and at a reasonable price but also sustainable and long-term cooperation with suppliers. Given the limitations of the existing approaches, this study proposes a cement supplier evaluation and selection framework based on the combination of the improved FAHP-CRITIC method and VIKOR method. We first develop a cement supplier evaluation and selection index system under the background of new and old driving energy conversion, including eight first-level indicators and twenty-one second-level indicators. The proposed model then uses triangular fuzzy numbers AHP (TFN-AHP) and the improved CRITIC method to calculate subjective and objective weights by replacing the coefficient of variation with standard deviation, uses the ideal solution-based method to determine their combination weights, and combines the VIKOR method to calculate the comprehensive evaluation values of candidate cement suppliers. After that, the proposed approach is applied to evaluate and select ten cement suppliers for concrete production plants, and the results are compared and analyzed with those using the traditional method. The results of the comparison show that the proposed strategy can be scientific and reliable, helping managers to make the right decision under the background of new and old driving energy conversion in China.

Keywords: supplier evaluation; cement supplier; new and old driving energy conversion; FAHP (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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