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Improvement of a grey based method for supplier selection problem

Jadidi, Omid and Mohd Yusuff, Rosnah and Firouzi, Fatemeh and Tang, Sai Hong (2008) Improvement of a grey based method for supplier selection problem. In: 9th Global Congress on Manufacturing and Management (GCMM 2008), 12-14 Nov. 2008, Holiday Inn, Surfers Paradise, Australia.

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Abstract

Purpose: In this article, we combine this new approach based on the concepts of Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to evaluate and select the best supplier. Design/methodology/approach: Supplier evaluation is a Multi-Attribute Decision-Making (MADM) problem that is affected by quantitative and qualitative factors, some of which may conflict. Since most of the input information is not known accurately, selecting the right suppliers becomes more difficult. Grey theory is one of the new mathematical methods used to analyze systems with uncertain and incomplete information. Findings: Through this article, it is demonstrated that the improved method, which is used to solve the MADM problems for selecting the best supplier, is a good means of evaluation, and it appears to be more appropriate. Practical implications: Grey theory is a new mathematical field that is one of the methods used to study the uncertainty of a system. Originality/value: Through this article, it was demonstrated that the improved method, which is used to solve the MADM problems for selecting the best supplier, is a good means of evaluation, and it appears to be more appropriate.

Item Type:Conference or Workshop Item (Paper)
Keyword:Production and operations management; Supplier selection; MADM; A grey based approach; TOPSIS concepts
Subject:Mathematical models
Faculty or Institute:Faculty of Engineering
ID Code:10721
Deposited By: Erni Suraya Abdul Aziz
Deposited On:15 Mar 2011 13:26
Last Modified:08 Jan 2015 12:59

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