Abstract
The supplier selection problem has been largely explored in the extant literature and attracted considerable attention of academics and purchasing managers. Practical supplier selection problem is usually revolved around multicriteria and a committee of experts. However, even using the exact values of the input data, certain experts may generate uncertain evaluation results on a supplier, because the exact weights with respect to each criterion are extremely difficult to reach a group consensus. In this article, first the interval data to describe all experts’ evaluation on all suppliers are formulated and then a stochastic multicriteria acceptability analysis (SMAA-2) is applied to provide a full rank of all candidate suppliers. SMAA-2 method is considered as an effective instrument to deal with stochastic decision-making problems. The rank acceptability indices and holistic rank indices are obtained to support the supplier selection. A numerical example drawn from the previous paper is recalculated to show the effectiveness of our approach.
Highlights
In today’s highly complex and competitive business world, how to choose and collaborate with the right suppliers has become an important management responsibility
The main aim of this study is to develop a sophisticated technique for solving the aforementioned interval supplier selection matrix (ISSM) and provide a comprehensive rank of candidate suppliers
Even though the classical supplier selection problem has been sufficiently investigated in the literature, such investigation in this study is completely new and of both academic and practical significances and values
Summary
In today’s highly complex and competitive business world, how to choose and collaborate with the right suppliers has become an important management responsibility. The cost of supply acquisition commonly represents a large part of the aggregate costs. Supplier selection is the procedure through which the purchasers identify, evaluate, and contract with supplier and has underpinning effects on purchasers’ cost reduction and performance.[1] This problem has received considerable attention in both decision analysis and supply chain management literature and is becoming a fertile research topic for operations research and management science disciplines. Ho et al.[2] exhaustively reviewed the individual and integrated decision-making approaches from 2000 to 2008 to aid the supplier selection problem. Chai et al.[3] complementarily provided a systematic literature review of the decision-making techniques assisting supplier selection from 2008 to
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