Hybrid MCDM and simulation-optimization for strategic supplier selection

Saputro, Thomy Eko; Figueira, Gonçalo; Almada-Lobo, Bernardo

doi:10.1016/j.eswa.2023.119624

Cited by 24 publications

(5 citation statements)

References 42 publications

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“…The sensitivity analysis is also performed to understand how the variation in the output of a model can be attributed to different sources of variation in its inputs [31], [32]. In this context, a sensitivity analysis is performed to verify the impact of different probabilities on the coverage and number of facilities.…”

Section: Results Of Computationmentioning

confidence: 99%

Optimizing business location for small and medium enter¬prises considering travel time uncertainty, natural disasters, and density population: a study case in Jakarta

Sjahruddin,

Dahlan

2024

j. sist. manaj. ind.

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This study addresses the critical problem of identifying optimal business locations for small and medium enterprises (SMEs), a decision-making process by factors such as travel time uncertainty, natural disasters, and population density. Existing research in this area has not adequately addressed these complexities, leaving a knowledge gap that this study aims to fill. Our research employs two optimization methods, differential evolution (DE) and mixed integer programming (MIP), to maximize customer coverage. We present a comprehensive model that not only determines optimum and near-optimum business locations but also investigates the scalability of the algorithms with increasing facilities and their adaptability to different traffic scenarios. Key findings indicate that the DE algorithm, in particular, demonstrates superior coverage performance. This study contributes to the field by providing a robust and adaptable model for facility location problem-solving. The insights gained have practical applications for both academia and industry, aiding SMEs in making informed, strategic decisions about business location placement.

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Section: Results Of Computationmentioning

confidence: 99%

Optimizing business location for small and medium enter¬prises considering travel time uncertainty, natural disasters, and density population: a study case in Jakarta

Sjahruddin,

Dahlan

2024

j. sist. manaj. ind.

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“…Quality is another critical aspect of supplier selection. Ensuring the quality of incoming materials or products is fundamental to producing consistent and reliable end products [3]. Organizations must assess a supplier's quality control processes, certifications, and track record.…”

Section: Role Of Supplier Selection In Supply Chain Managementmentioning

confidence: 99%

Supplier Selection in the Age of Industry 4.0: A Review on MCDM Applications and Trends

Sahoo,

Goswami,

Halder

2024

Decis. Mak. Adv.

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The advent of Industry 4.0 has triggered a profound transformation in manufacturing and supply chain management, necessitating the adaptation of supplier selection processes to this evolving technological landscape. This comprehensive review paper places a significant focus on the role of multi-criteria decision-making (MCDM) methodologies and emerging trends in the context of supplier selection within Industry 4.0. It underscores the critical importance of effective supplier selection in achieving operational excellence and bolstering supply chain resilience in this new era, exploring the challenges and opportunities presented by technological advances such as the Internet of Things, big data analytics, artificial intelligence, and advanced manufacturing techniques. The paper looks into the theoretical underpinnings of MCDM techniques, highlighting their suitability for addressing the complex, multi-dimensional criteria associated with supplier selection. As a valuable resource, this study caters to researchers, practitioners, and decision-makers navigating the intricate landscape of supplier selection within the dynamic area of Industry 4.0, emphasizing the pivotal role of MCDM methodologies and the ever-evolving dynamics shaping supplier selection processes in the digital age.

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“…Supplier evaluation criteria are selected from both organizational requirements and established works in procurement marketing (Koppelman 1998) and supplier selection models (Ávila et al 2012) (Saputro 2023) (Boonsong 2020) (Chu and Varman 2011). The evaluation criteria are classified into 4 categories, as shown in Table 6.…”

Section: Set Criteria For Supplier Evaluationmentioning

confidence: 99%

Supplier Selection of Equipment Components for the Construction of Nuclear Facilities: AHP-Based Approach Integrated with Risk Assessment

Phongnontachai,

Rukijkanpanich

2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

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Supplier selection is one of the most influential decision an organization can make towards their operational efficiency. However, this activity can become highly resource-intensive in the absence of a structured framework, especially in supply chains involving large numbers of components. This research aims to utilize risk assessment as a tool to screen for construction equipment components that should be considered for re-sourcing to new suppliers. The severities of risks are evaluated by cost of poor quality and occurrence by the frequency of nonconformities. High-risk components were selected for a change of suppliers. Multi-criteria decision-making -analytic hierarchy process (MCDM-AHP) is then used to determine the suitable weights of 12 supplier evaluation criteria between four different managers. Suppliers with the highest results are selected. Once new suppliers are selected, a second risk assessment is conducted to review the impact of the change in suppliers to the cost of poor quality and frequency of nonconformities.

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Hybrid MCDM and simulation-optimization for strategic supplier selection

Cited by 24 publications

References 42 publications

Optimizing business location for small and medium enter¬prises considering travel time uncertainty, natural disasters, and density population: a study case in Jakarta

Optimizing business location for small and medium enter¬prises considering travel time uncertainty, natural disasters, and density population: a study case in Jakarta

Supplier Selection in the Age of Industry 4.0: A Review on MCDM Applications and Trends

Supplier Selection of Equipment Components for the Construction of Nuclear Facilities: AHP-Based Approach Integrated with Risk Assessment

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