Abstract
Enterprises need to work with a proper third-party logistics provider to reduce costs and increase their logistics performance; so the third-party logistics (3PL) provider selection problem is a significant one for them. In this study, grey step-wise weight assessment ratio analysis (SWARA) and grey combinative distance-based assessment (CODAS) are proposed to address this problem. To the best of the authors’ knowledge, no other study uses grey SWARA and grey CODAS together to solve any problem. Therefore a new grey hybrid model incorporating grey SWARA and grey CODAS is proposed to identify the best 3PL provider.
Highlights
In an environment in which global competition is intense, businesses need to benefit from every positive opportunity to improve their performance
Combining the values assigned by decision-makers makes the rough step-wise weight assessment ratio analysis (SWARA) method more complex than the grey SWARA method
As grey theory (GT) considers the circumstance of fuzziness and generates satisfactory results even with small, limited, and incomplete data, this study used GT to solve the 3PL provider selection problem
Summary
Enterprises need to work with a proper third-party logistics provider to reduce costs and increase their logistics performance; so the third-party logistics (3PL) provider selection problem is a significant one for them. Grey step-wise weight assessment ratio analysis (SWARA) and grey combinative distance-based assessment (CODAS) are proposed to address this problem. To the best of the authors’ knowledge, no other study uses grey SWARA and grey CODAS together to solve any problem. A new grey hybrid model incorporating grey SWARA and grey CODAS is proposed to identify the best 3PL provider. Ondernemings is genoodsaak omn betroubare logistieke diensverskaffer te gebruik om onkostes te verminder en hul logistieke vertoning te verbeter. Die kies vann logistieke diensverskaffer is dus baie belangrik. Stapsgewys geweegde verhoudingsanalise en grys gekombineerde afstandgebaseerde assessering om dié probleem aan te spreek. Die kombinasie van hierdie twee strategieë is die eerste van sy soort. ʼn Nuwe hibriede model wat die twee benaderings inkorporeer word dus voorgestel om die beste derde party logistieke diensverskaffer te identifiseer Die kombinasie van hierdie twee strategieë is die eerste van sy soort. ʼn Nuwe hibriede model wat die twee benaderings inkorporeer word dus voorgestel om die beste derde party logistieke diensverskaffer te identifiseer
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