The Evaluation of the Criteria for Sustainable Supplier Selection by Using the FUCOM Method

Durmić, Elmina

doi:10.31181/oresta1901085d

Cited by 52 publications

(47 citation statements)

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“…This particularly refers to the first and second steps of FUCOM in which decision-makers rank the criteria according to their personal preferences and perform pairwise comparisons of ranked criteria. However, unlike other subjective models, FUCOM has shown minor deviations in the obtained values of the weights of criteria from optimal values [29][30][31][32][33]. Additionally, the methodological procedure of FUCOM eliminates the problem of redundancy of pairwise comparisons of criteria, which exists in some subjective models for determining the weights of criteria.…”

Section: Full Consistency Methods Fucommentioning

confidence: 99%

A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model

et al. 2019

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Cost rationalization has become imperative in every economic system in order to create adequate foundations for its efficient and sustainable management. Competitiveness in the global market is extremely high and it is challenging to manage business and logistics systems, especially with regards to financial parameters. It is necessary to rationalize costs in all activities and processes. The presence of inventories is inevitability in every logistics system, and it tends to create adequate and symmetrical policies for their efficient and sustainable management. In order to be able to do this, it is necessary to determine which products represent the largest percentage share in the value of procurement, and which are the most represented quantitatively. For this purpose, ABC analysis, which classifies products into three categories, is applied taking into account different constraints. The aim of this paper is to form a new model that involves the integration of ABC analysis, the Full Consistency Method (FUCOM), and a novel Interval Rough Combined Compromise Solution (CoCoSo) for stock management in the storage system. A new IRN Dombi weighted geometric averaging (IRNDWGA) operator is developed to aggregate the initial decision matrix. After grouping the products into three categories A, B and C, it is necessary to identify appropriate suppliers for each category in order to rationalize procurement costs. Financial, logistical, and quality parameters are taken into account. The FUCOM method has been used to determine the significance of these parameters. A new Interval CoCoSo approach is developed to determine the optimal suppliers for each product group. The results obtained have been modeled throughout a multi-phase sensitivity analysis.

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Section: Full Consistency Methods Fucommentioning

confidence: 99%

A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model

et al. 2019

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“…Considering that supplier selection is a key role for achieving a competitive advantage and reducing overall production costs, Matić et al [12] apply a combined FUCOM-rough COPRAS model to estimate a sustainable supplier in a construction company. Durmić [13] also uses the FUCOM method to determine the significance of the criteria for selecting a sustainable supplier at two decision-making levels, with the first level consisting of three criteria: economic, social, and environmental, and the second level consisting of 21 sub-criteria. The results of the weight values of the criteria will be applied in this research study.…”

Section: Review Of Applying the Fucom Methods In Various Fieldsmentioning

confidence: 99%

A Novel Multi-Criteria Decision-Making Model: Interval Rough SAW Method for Sustainable Supplier Selection

et al. 2019

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Sustainability in a supply chain is a demand on the one hand and a challenge on the other. It is necessary to balance between these dimensions in order to fulfill the purpose of the supply chain. Therefore, in the first phase—i.e., in procurement—it is necessary to take into account its sustainability. In this paper, a sustainable supplier was selected respecting all three aspects of sustainability. The evaluation was carried out on the basis of a total of 21 criteria arranged into two levels and three groups. A new Interval Rough SAW (simple additive weighting) method, which represents a contribution to the treatment of problems belonging to the multi-criteria decision-making (MCDM), was developed. The integration of interval rough numbers with the SAW method was completed. In addition, the full consistency method (FUCOM) was applied to determine the weights of the criteria. The integrated FUCOM-Interval Rough SAW model enables treatment of multi-criteria problems while reducing subjectivity to the lowest possible level and eliminating uncertainties and ambiguities. The results obtained were determined throughout a sensitivity analysis consisting of a change in the weight of the criteria and the influence of dynamic matrices on the change in ranks. In addition, Spearman’s rank correlation coefficient (SCC) was calculated to confirm the stability of the previously obtained results.

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“…Additionally, the methodological procedure of FUCOM eliminates the problem of redundancy of pairwise comparisons of criteria, which exists in some subjective models for determining the weights of criteria. FUCOM has been used in many applications such as forklift selection (Fazlollahtabar et al, 2019), ranking the airlines (Badi and Abdulshahed, 2019), service quality measurments (Prentkovskis et al, 2018), occupational safety and health climate (Stefanović et al, 2019), service quality of rail transprort (Đorđević et al, 2019), and supplier selection (Durmić, 2019); (Matić et al, 2019). Assume that there are n evaluation criteria in a multi-criteria model that are designated as wj, j = 1,2, ..., n, and that their weight coefficients need to be determined.…”

Section: Methodsmentioning

confidence: 99%

Determination of Key Factors Affecting Transient Seaport Selection for Landlocked Countries in African Continent

Badi¹,

Pamučar²

2019

Preprint

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Many countries around the world suffer from the lack of a sea port directly linked to the rest of the world. Such countries are called "landlocked countries". This leads to Weak competitiveness of their products in the global market, as well as to the high cost of the imports. Africa has the largest share of these countries, with 16 of the 43 landlocked countries around the world. The aim of this paper is to propose a general framework for criteria that can be used to choose between ports in transit countries that can be used for import or export. These criteria are related to the assessment of the sea ports in terms of infrastructure and tariffs. It is also related to transport infrastructure from the transit country to the landlocked country and the level of safety. The study identified nine criteria that could be used to compare between ports in transit countries. Using Full Consistency Method (FUCOM) to evaluate those criteria showed that the number of navigation lines is the most important criteria followed by the port service level.

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The Evaluation of the Criteria for Sustainable Supplier Selection by Using the FUCOM Method

Cited by 52 publications

References 0 publications

A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model

A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model

A Novel Multi-Criteria Decision-Making Model: Interval Rough SAW Method for Sustainable Supplier Selection

Determination of Key Factors Affecting Transient Seaport Selection for Landlocked Countries in African Continent

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