Abstract

Supplier selection plays an important role in the management of purchasing. Decision support tools and methodologies can help managers make more effective decisions. Many tools have been developed with a variety of formal modeling techniques, but these techniques are limited for the reason that they are not available when the criteria value are interval grey numbers. There are many reasons for the criteria values should be expressed by the interval grey numbers. This paper proposes a new approach for the supplier selection which is prepared to deal with the interval grey criteria based on the definition of grey circle/radius and distance degree. The interval criteria value and its whitenization weight function (WWF in shorted) make the model more realistic and accurate. Through a numerical case, on both the theoretical and the practical level, it has been proved that this model is correct and feasible.

Full Text
Paper version not known

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 call

Disclaimer: 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.