Analysis of Sustainable Procurement in SMEs in Developing Countries

Krishnendu Mukherjee

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of the paper is to integrate supply base consolidation, rationalization, and buyer’s perspective about its suppliers to reveal more insight to implement sustainable procurement in small and medium enterprises (SMEs) in developing countries like India. In this paper an attempt has been made to integrate Constrained Optimization of Frobenius Norm by Genetic Algorithm (COFGA) with traditional spend, and value risk analysis to consolidate and rationalize supply base w.r.t fifteen triple bottom line indicators (TBL). This paper shows that spend analysis is justified in crisp domain and becomes myopic in limited data environment. Spend analysis becomes more ineffective to deal imprecise and vague qualitative data. Integrated approach of multiple criteria decision analysis,spend analysis, and value risk analysis, thus, an alternative approach to give better insight to sustainable procurement in fuzzy environment. Finally, a case study is discussed to use proposed method.

Keywords: Sustainable supplier selection; small and medium enterprises (SMEs); genetic algorithm(GA); spend analysis; triple bottom line (TBL); multiple criteria decision analysis; value risk analysis (search for similar items in EconPapers)
JEL-codes: C61 C63 (search for similar items in EconPapers)
Date: 2019-03-31
New Economics Papers: this item is included in nep-cmp, nep-env and nep-ore
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Published in International Journal of Engineering Development and Research 1.7(2019): pp. 509-519

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93277

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