Abstract
Evolution of supply chain management (SCM) in recent years has transformed it beyond the simple logic of benefit and economic point of views. One of such key strategic elements in establishing a sustainable and socially responsive SCM is supplier selection and performance assessment. This study brings forward a sustainable supplier evaluation structure under multiple criteria and interval valued fuzzy neutrosophic (IVFN) model. The proposed structure uses CRiteria Importance Through Inter -criteriaCorrelation (CRITIC) and combined compromised solution (CoCoSo) under IVFN environment for evaluation and selection of suppliers for a dairy company in Iran. Alternative supplier 5 (S5) emerges as the best supplier with the highest overall score (1.168). Average Spearman rank correlation coefficient between the proposed model and other well established decision-making models methods is found as 0.9651 which establishes reliability of model outcomes. The estimated zero value of Gini Index indicates that supplier 5 has a constant ranking in all considered methods. This is a practical sustainable supplier selection platform which allows decision makers in procurement and SC industries to select the most suitable supplier in any pre-determined period.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
