A mean of removals-based fuzzy MCDM method for the evaluation and selection of suppliers

Ta-Chung Chu

International Journal of Management and Enterprise Development, 2013, vol. 12, issue 4/5/6, 349-362

Abstract: Suppliers' evaluation and selection is a very important part of the supply chain management of a company. A suitable supplier can increase the effectiveness of the supply chain of a company and thus improve its competitiveness. This work suggests a fuzzy multiple criteria decision making (MCDM) model to evaluate and select suppliers, where membership function of each final fuzzy evaluation value can be developed. A Riemann integral-based mean of removals is applied to rank all the final fuzzy evaluation values and ranking procedure can be formulated. A numerical example demonstrates the feasibility of the proposed model.

Keywords: suppliers; fuzzy MCDM; Riemann integral; mean of removals; enterprise development; supplier selection; supplier evaluation; multicriteria decision making; fuzzy logic; supply chain management; SCM; ranking procedures. (search for similar items in EconPapers)
Date: 2013
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