A Possibility Distribution Based Multi-Criteria Decision Algorithm for Resilient Supplier Selection Problems

06/04/2018
by   Dizuo Jiang, et al.
0

Resilient supplier selection problem is a key decision problem for an organization to gain competitive advantage. In the presence of multiple conflicting evaluation criteria, contradicting decision makers, and imprecise information sources, this problem becomes even more difficult to solve with the classical optimization approaches. Multi-Criteria Decision Analysis (MCDA) is a viable alternative approach for handling the imprecise information associated with the evaluation proffered by the decision makers. In this work, we present a comprehensive algorithm for ranking a set of suppliers based on aggregated information obtained from crisp numerical assessments and reliability adjusted linguistic appraisals from a group of decision makers. We adapted two popular tools - Single Valued Neutrosophic Sets (SVNS) and Interval-valued fuzzy sets (IVFS) and extended them to incorporate both crisp and linguistic evaluations from the decision makers to obtain aggregated SVNS and IVFS. This information is then used to rank the suppliers by using TOPSIS method. We present a case study to illustrate the mechanism of the proposed algorithm and show sensitivity of the supplier ranking with respect to the priorities of evaluation criteria.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
12/16/2014

A Multi-criteria neutrosophic group decision making metod based TOPSIS for supplier selection

The process of multiple criteria decision making (MCDM) is of determinin...
research
03/20/2013

A Non-Numeric Approach to Multi-Criteria/Multi-Expert Aggregation Based on Approximate Reasoning

We describe a technique that can be used for the fusion of multiple sour...
research
03/05/2019

Using a Segmenting Description approach in Multiple Criteria Decision Aiding

We propose a new method for analyzing a set of parameters in a multiple ...
research
12/03/2020

Methods of ranking for aggregated fuzzy numbers from interval-valued data

This paper primarily presents two methods of ranking aggregated fuzzy nu...
research
05/06/2010

A two-step fusion process for multi-criteria decision applied to natural hazards in mountains

Mountain river torrents and snow avalanches generate human and material ...

Please sign up or login with your details

Forgot password? Click here to reset