Article ID Journal Published Year Pages File Type
5111716 Omega 2017 41 Pages PDF
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.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Strategy and Management
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