Multi-objective supplier selection process: a simulation–optimization framework integrated with MCDM

Nihan Kabadayi and Mohammad Dehghanimohammadabadi ()
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Nihan Kabadayi: Istanbul University
Mohammad Dehghanimohammadabadi: Northeastern University

Annals of Operations Research, 2022, vol. 319, issue 2, No 7, 1607-1629

Abstract: Abstract As a multi-criteria decision-making (MCDM) problem, supplier selection plays a key role in achieving the objectives of a supply chain system. Multiple strategic, operational, quantitative, and qualitative criteria influence the supplier selection process. A wide spectrum of criteria have been introduced, classified, and used by researchers and practitioners to evaluate the suppliers’ performance; however, measuring and employing all of these criteria is impractical in real-world scenarios due to the budget, time, and information limitations. In this study, a decision support system (DSS) is developed, which helps managers to select a set of most effective criteria for the supplier selection process. This DSS is a threefold integration of MCDM and simulation and optimization. In this framework, the MCDM module incorporates a combination of criteria to select the suppliers. Then, a simulation model is used to evaluate the performance of the supply chain system considering the selected suppliers. Based on the simulation results, a multi-objective metaheuristic algorithm is utilized to find the ideal combinations of the criteria to maximize the supply chain system performance.

Keywords: Supplier selection; Simheuristics; Simio-MATLAB integration; TOPSIS; NSGA-II (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10479-021-04424-2

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