A weighted max-min model for fuzzy multi-objective supplier selection in a supply chain

A. Amid, S.H. Ghodsypour and C. O'Brien

International Journal of Production Economics, 2011, vol. 131, issue 1, 139-145

Abstract: Supplier selection is one of the most important activities of purchasing departments. This importance is increased even more by new strategies in a supply chain. Supplier selection is a multi-criteria decision making problem in which criteria have different relative importance. In practice, for supplier selection problems, many input information are not known precisely. The fuzzy set theories can be employed due to the presence of vagueness and imprecision of information. A weighted max-min fuzzy model is developed to handle effectively the vagueness of input data and different weights of criteria in this problem. Due to this model, the achievement level of objective functions matches the relative importance of the objective functions. In this paper, an analytic hierarchy process (AHP) is used to determine the weights of criteria. The proposed model can help the decision maker (DM) to find out the appropriate order to each supplier, and allows the purchasing manager(s) to manage supply chain performance on cost, quality and service. The model is explained by an illustrative example.

Keywords: Supplier; selection; Fuzzy; multi-objective; decision; making; Weighted; max-min; model (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (29)

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