A grey-based decision-making approach to the supplier selection problem

Li, Guodong; Yamaguchi, Daisuke; Nagai, Masao

doi:10.1016/j.mcm.2006.11.021

Cited by 380 publications

(260 citation statements)

References 16 publications

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“…Preliminaries of Grey theory [95]: Grey theory which was proposed by Deng in 1982, is one of the new mathematical theories born out of the concept of the grey set. It is an effective method used to solve uncertainty problems with discrete data and incomplete information.…”

Section: Conflicts Of Interestmentioning

confidence: 99%

“…It is an effective method used to solve uncertainty problems with discrete data and incomplete information. The theory includes five major parts: grey prediction, grey relational analysis (GRA) [95] grey decision, grey programming and grey control. Here, some basic definitions of the grey system, grey set and grey number in grey theory are followed as: Definition A1.…”

Section: Conflicts Of Interestmentioning

confidence: 99%

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A Hybrid MCDM Approach for Strategic Project Portfolio Selection of Agro By-Products

Debnath¹,

Roy

Kar

et al. 2017

Sustainability

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Due to the increasing size of the population, society faces several challenges for sustainable and adequate agricultural production, quality, distribution, and food safety in the strategic project portfolio selection (SPPS). The initial adaptation of strategic portfolio management of genetically modified (GM) Agro by-products (Ab-Ps) is a huge challenge in terms of processing the agro food product supply-chain practices in an environmentally nonthreatening way. As a solution to the challenges, the socio-economic characteristics for SPPS of GM food purchasing scenarios are studied. Evaluation and selection of the GM agro portfolio management are the dynamic issues due to physical and immaterial criteria involving a hybrid multiple criteria decision making (MCDM) approach, combining modified grey Decision-Making Trial and Evaluation Laboratory (DEMATEL), Multi-Attributive Border Approximation area Comparison (MABAC) and sensitivity analysis. Evaluation criteria are grouped into social, differential and beneficial clusters, and the modified DEMATEL procedure is used to derive the criteria weights. The MABAC method is applied to rank the strategic project portfolios according to the aggregated preferences of decision makers (DMs). The usefulness of the proposed research framework is validated with a case study. The GM by-products are found to be the best portfolio. Moreover, this framework can unify the policies of agro technological improvement, corporate social responsibility (CSR) and agro export promotion.

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Section: Conflicts Of Interestmentioning

confidence: 99%

Section: Conflicts Of Interestmentioning

confidence: 99%

A Hybrid MCDM Approach for Strategic Project Portfolio Selection of Agro By-Products

Debnath¹,

Roy

Kar

et al. 2017

Sustainability

View full text Add to dashboard Cite

show abstract

“…Supplier selection can be viewed as a grey system process [6]. Grey Method of computing consist of 8 steps depends on its application.…”

Section: Grey Decision Makingmentioning

confidence: 99%

“…When ܲ{ܵ ≤ ܵ ௫ } is smaller, the ranking order is better. According to [6], the ranking order of all suppliers alternatives can be determine and selection of the best among a set of feasible suppliers. Next paper which uses grey decision making as a technique for classification of sustainability level in remanufacturing companies.…”

Section: ܲ{ܵ ≤ ܵmentioning

confidence: 99%

A review of techniques to determine alternative selection in design for remanufacturing

Noor

Fauadi

Jafar

et al. 2017

IOP Conf. Ser.: Mater. Sci. Eng.

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Abstract. This paper discusses the techniques used for optimization in manufacturing system. Although problem domain is focused on sustainable manufacturing, techniques used to optimize general manufacturing system were also discussed. Important aspects of Design for Remanufacturing (DFReM) considered include indexes, weighted average, grey decision making and Fuzzy TOPSIS. The limitation of existing techniques are most of them is highly based on decision maker's perspective. Different experts may have different understanding and eventually scale it differently. Therefore, the objective of this paper is to determine available techniques and identify the lacking feature in it. Once all the techniques have been reviewed, a decision will be made by create another technique which should counter the lacking of discussed techniques.In this paper, shows that the hybrid computation of Fuzzy Analytic Hierarchy Process (AHP) and Artificial Neural Network (ANN) is suitable and fill the gap of all discussed technique.

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“…The selection attributes of alternative suppliers often varies depending upon the type and nature of products of that particular chain. Here a numerical problem is extracted from Li et al (2007) in order to demonstrate the applicability of MOORA in supplier selection. In the problem there are four alternative suppliers i S ( i = 1, 2, 3, 4 ) primarily selected as alternatives and five attributes or criteria j C ( j = 1, 2 , ….,5 ) are chosen for the decision making.…”

Section: Supplier Selection (Example 3)mentioning

confidence: 99%

A MOORA based fuzzy multi-criteria decision making approach for supply chain strategy selection

Dey¹,

Bairagi²,

Sarkar³

et al. 2012

ijiec

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To acquire the competitive advantages in order to survive in the global business scenario, modern companies are now facing the problems of selecting key supply chain strategies. Strategy selection becomes difficult as the number of alternatives and conflicting criteria increases. Multi criteria decision making (MCDM) methodologies help the supply chain managers to take a lead in a complex industrial set-up. The present investigation applies fuzzy MCDM technique entailing multi-objective optimization on the basis of ratio analysis (MOORA) in selection of alternatives in a supply chain. The MOORA method is utilized to three suitable numerical examples for the selection of supply chain strategies (warehouse location selection and vendor/supplier selection). The results obtained by using current approach almost match with those of previous research works published in various open journals. The empirical study has demonstrated the simplicity and applicability of this method as a strategic decision making tool in a supply chain.

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A grey-based decision-making approach to the supplier selection problem

Cited by 380 publications

References 16 publications

A Hybrid MCDM Approach for Strategic Project Portfolio Selection of Agro By-Products

A Hybrid MCDM Approach for Strategic Project Portfolio Selection of Agro By-Products

A review of techniques to determine alternative selection in design for remanufacturing

A MOORA based fuzzy multi-criteria decision making approach for supply chain strategy selection

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