Hybrid MCDM and simulation-optimization for strategic supplier selection

Saputro, Thomy Eko and Figueira, Gonçalo and Almada-Lobo, Bernardo (2023) Hybrid MCDM and simulation-optimization for strategic supplier selection. Expert Systems with Applications, 219: 119624. ISSN 0957-4174

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Abstract

Supplier selection for strategic items requires a comprehensive framework dealing with qualitative and quantitative aspects of a company’s competitive priorities and supply risk, decision scope, and uncertainty. In order to address these aspects, this study aims to tackle supplier selection for strategic items with a multi-sourcing, taking into account multi-criteria, incorporating uncertainty of decision-makers judgment and supplier–buyer parameters, and integrating with inventory management which the past studies have not addressed well. We develop a novel two-phase solution approach based on integrated multi-criteria decision-making (MCDM) and multi-objective simulation-optimization (S-O). First, MCDM methods, including fuzzy AHP and interval TOPSIS, are applied to calculate suppliers’ scores, incorporating uncertain decision makers’ judgment. S-O then combines the (quantitative) cost-related criteria and considers supply disruptions and uncertain supplier–buyer parameters. By running this approach on data generated based on previous studies, we evaluate the impact of the decision maker’s and the objective’s weight, which are considered important in supplier selection.

Item Type: Article
Keywords: Supplier selection, Inventory management, Multi-criteria decision-making, Simulation-optimization, Supply disruptions
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
T Technology > T Technology (General)
Divisions: Faculty of Engineering > Department of Industrial Engineering (26201)
Depositing User: maulana Maulana Chairudin
Date Deposited: 29 Feb 2024 03:38
Last Modified: 29 Feb 2024 03:38
URI: https://eprints.umm.ac.id/id/eprint/4362

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