Evaluation and Selection of a Green and Sustainable Supplier by Using a Fuzzy ARAS Mathematical Modeling

Reema Agarwal (), Anil Kumar Nishad, Ankur Agarwal () and Shamshad Husain ()
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Reema Agarwal: School of Basic and Applied Sciences, Shobhit Institute of Engineering and Technology, NH-58, Modipuram, Meerut, Uttar Pradesh 250110, India
Anil Kumar Nishad: School of Basic and Applied Sciences, Shobhit Institute of Engineering and Technology, NH-58, Modipuram, Meerut, Uttar Pradesh 250110, India
Ankur Agarwal: ��Sharda School of Business Studies, Sharda University, Greater Noida, Delhi-NCR, India
Shamshad Husain: School of Basic and Applied Sciences, Shobhit Institute of Engineering and Technology, NH-58, Modipuram, Meerut, Uttar Pradesh 250110, India

New Mathematics and Natural Computation (NMNC), 2023, vol. 19, issue 03, 831-853

Abstract: In the present scenario, the main aim of each and every organization is to be competitive, eco-friendly, and sustainable in order to run effectively and efficiently. Therefore, to meet and fulfill the above objectives, each organization must identify and choose the appropriate and best green and sustainable supplier, as a green supplier considers green technology, green products, green packaging, etc., while a sustainable supplier considers all three characteristics of sustainability, namely social, economic, and environmental. The problem of the evaluation and selection of green and sustainable suppliers is an example of a multi-criteria decision-making (MCDM) problem. In this research paper, to handle the uncertainty hidden in the green supply chain, the extended version of a MCDM technique named fuzzy additive ratio assessment (F-ARAS) is implemented for the evaluation of the relative weights of the green and sustainable supplier selection criteria, namely social, economic, and environmental, and also to determine the best green and sustainable supplier through fuzzy theory by using linguistic terms, which includes the application of interval-valued triangular fuzzy numbers (IVTFNs) in an organization. Finally, the technique, F-ARAS, has performed well and enables the organization’s managers to attain their required solution and final decision.

Keywords: Fuzzy set; interval-valued triangular fuzzy number; multi-criteria decision-making; fuzzy additive ratio assessment; green and sustainable supplier (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S1793005723500382

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