Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1706959 | Applied Mathematical Modelling | 2009 | 7 Pages |
In the face of acute global competition, supplier management is rapidly emerging as a crucial issue to any companies striving for business success and sustainable development. To optimize competitive advantages, a company should incorporate “suppliers” as an essential part of its core competencies. Supplier evaluation, the first step in supplier management, is a complex multi-criteria decision-making (MCDM) problem, and its complexity is further aggravated if the highly important interdependence among the selection criteria is taken into consideration. The objective of this paper is to suggest a comprehensive decision method for identifying top suppliers by considering the effects of interdependence among the selection criteria, as well as to achieve optimal allocation of orders among the selected suppliers.