Fuzzy Multicriteria Decision-Making Model (MCDM) for Raw Materials Supplier Selection in Plastics Industry

Chia-Nan Wang, Nguyen Van Thanh, Jiin-Tian Chyou, Tsung-Fu Lin and Tran Ngoc Nguyen
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Chia-Nan Wang: Department of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan
Nguyen Van Thanh: Department of Logistics and Supply Chain Management, Hong Bang International University, Ho Chi Minh City 72320, Vietnam
Jiin-Tian Chyou: Department of Management Information Systems, National Chengchi University, Taipei 11605, Taiwan
Tsung-Fu Lin: Department of Management Information Systems, National Chengchi University, Taipei 11605, Taiwan
Tran Ngoc Nguyen: Department of Industrial Systems Engineering, CanTho Universiy of Technology, CanTho 900000, Vietnam

Mathematics, 2019, vol. 7, issue 10, 1-17

Abstract: To be able to compete in the domestic plastic industry, small and medium-sized enterprises producing plastic need to proactively find the supply of raw materials, avoiding shortages like in the previous years. Purchasing is extremely important and will create a competitive advantage with competitors in the market, so finding suppliers will determine the success in the later stages of the production chain. With the development of the current information system, selection and evaluation have become important in order to achieve effective decision-making through optimal options. In this study, the authors provide a new approach for decision-makers in evaluating and selecting suppliers, which is formulated based on the supply chain operation reference (SCOR) model, fuzzy analytic network process (FANP), and VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR). The contribution of this research is to propose a multicriteria decision-making model (MCDM) for raw material supplier selection in the plastic industry. This research also provided a useful guideline for supplier selection in other industry.

Keywords: supplier selection; MCDM; fuzzy theory; FANP; VIKOR; plastics industry (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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