Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5111716 | Omega | 2017 | 41 Pages |
Abstract
We propose a hybrid approach that combines the revised Simos procedure, PROMETHEE methods, algorithms for constructing a group compromise ranking, and robustness analysis. At first, the revised Simos procedure is used to derive the criteria weights. Next, the PROMETHEE method is applied to rank the suppliers according to each Decision Maker׳s (DM׳s) preferences. Then, the compromise ranking is constructed to minimize the distance of the individual׳s rankings from the solution adopted by the whole group. For this purpose, we introduce and apply some original procedures based on Binary Linear Programming. Finally, the results are validated against the outcomes of robustness analysis. The applicability and efficiency of the proposed approach is endorsed with a case study in an Indian food industry.
Keywords
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Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Kannan Govindan, MiÅosz KadziÅski, R. Sivakumar,