A New Comprehensive Approach for Efficient Road Vehicle Procurement Using Hybrid DANP-TOPSIS Method

Marko Stokic, Davor Vujanovic and Dragan Sekulic
Additional contact information
Marko Stokic: University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia
Davor Vujanovic: University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia
Dragan Sekulic: University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia

Sustainability, 2020, vol. 12, issue 10, 1-16

Abstract: The efficient vehicle procurement is an important business segment of different companies with their own vehicle fleet. It has a significant influence on reducing transport and maintenance costs and on increasing the fleet’s energy efficiency. It is indispensable that managers consider various criteria from several aspects when procuring a vehicle. In that sense, we defined 13 relevant criteria and divided them into four multidisciplinary aspects: Construction-technical, financial, operational, and environmental. Decision-Making Trial and Evaluation Laboratory-Based Analytic Network Process (DANP) method was applied to evaluate the significance of defined criteria and aspects and their interdependency. It is established that the three most important criteria for vehicle procurement are vehicle price, vehicle maintenance, and vehicle selling price. The most important aspect is construction technical aspect, while the aspect of the environment is the least important. The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method was used to rank eight different vehicles, which were considered by vehicle fleet manager at the observed company. This model assists fleet managers in the selection of the most suitable vehicle for procurement, while significantly reducing decision-making time and simultaneously observing all necessary criteria and their weights. Moreover, we have considered 10 different scenarios to establish whether and how the rank of the observed alternatives would change.

Keywords: vehicle procurement; MCDM; fleet energy efficiency; transport costs; maintenance costs; alternative fuel vehicles (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/10/4044/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/10/4044/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:10:p:4044-:d:358297

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().