An integrated fuzzy-goal-programming-based framework for selecting suppliers in strategic alliance formation
Oluwafemi Famuyiwa,
Leslie Monplaisir and
Bimal Nepal
International Journal of Production Economics, 2008, vol. 113, issue 2, 862-875
Abstract:
There has been an exponential growth in the number of strategic alliances formed in the last decade between manufacturers and their suppliers. Yet 60-70% of these alliances fail in their first year. One of the reasons for such failure is the incompatibility of members of the alliance. Hence, there is a need for a tool to help decision makers to rate the compatibility of potential partners in a strategic alliance. This paper fulfills this requirement by presenting an integrated method for rating the compatibility of potential members of a strategic alliance. The method utilizes a model based on fuzzy logic/goal programming to analyze the vague, imprecise, and usually subjective information regarding the compatibility of potential suppliers that is available during the early formation of a strategic partnership. A sample case study is presented to demonstrate the application of the framework.
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:113:y:2008:i:2:p:862-875
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