Dependability Assessment of Supplier Performance based on the Fuzzy Sets Theory

Živan Živković (), Djordje Nikolić (), Ivan Mihajlović () and Predrag Djordjević
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Živan Živković: University of Belgrade, Technical Faculty in Bor
Djordje Nikolić: University of Belgrade, Technical Faculty in Bor
Ivan Mihajlović: University of Belgrade, Technical Faculty in Bor
Predrag Djordjević: University of Belgrade, Technical Faculty in Bor

from Óbuda University, Keleti Faculty of Business and Management

Abstract: In the literature, considerable attention has been given to the role of suppliers, thus companies have been increasingly considering better supplier selection approaches in order to attain the competitive advantage in the demanding markets. The aim of this study is to provide an effective tool for decision makers (DMs) to help them with evaluation and prioritization of current suppliers. Moreover, the supplier prioritization is inherently multi- criteria decision-making problem (MCDM), with involved high degree of fuzziness. Hence, this paper introduces fuzzy decision-making model where dependability assessment of the suppliers could be done based on the fuzzy set theory and max-min composition. Furthermore, in order to determine supplier dependability, the typical influence indicators: Production facilities and capacities (PFC), Delivery (D) and Service (S), were analysed in an illustrative example, where proposed model used triangular fuzzy numbers (TFN) to establish linguistic description of these three indicators. At the practical level, the results and findings of this paper provide decision makers with a complete picture of those suppliers that have the highest dependability performance in their supplier network.

Keywords: Suppliers; fuzzy set theory; Suppliers evaluation (search for similar items in EconPapers)
Date: 2016
ISBN: 9786155460777
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Persistent link: https://EconPapers.repec.org/RePEc:pkk:meb016:43-56

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