Work

Interactive Fuzzy Multi Criteria Decision Making Approach for Supplier Selection and Order Allocation in a Resilient Supply Chain

Year: 2019

Type: article

Abstract: Modern supply chains are vulnerable to high impact, low probability disruption risks. A supply chain usually operates in such a network of entities where the resilience of one supplier is critical to overall supply chain resilience. Therefore, resilient planning is a key strategic requirement in supplier selection decisions for a competitive supply chain. The aim of this research is to develop quantitative resilient criteria for supplier selection and order allocation in a fuzzy environment. To serve the purpose, a possibilistic fuzzy multi-objective approach was proposed and an interactive fuzzy optimization solution methodology was developed. Using the proposed approach, organizations can tradeoff between cost and resilience in supply networks. The approach is illustrated using a supply chain case from a garments manufacturing company.

Source: Mathematics

DOI: 10.3390/math7020137

Authors: Sonia Irshad Mari, Muhammad Saad Memon, Muhammad Babar Ramzan, Sheheryar Mohsin Qureshi, Muhammad Waqas Iqbal

Institutions: Mehran University of Engineering and Technology, National Textile University, NED University of Engineering and Technology, Hongik University

Language: English

Topic: Multi-Criteria Decision Making

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $1,216

Funder: Higher Education Commision, Pakistan