A MOORA based fuzzy multi-criteria decision making approach for supply chain strategy selection

Bipradas Bairagi · Bijan Sarkar

96 citations0/0 files storedInternational Journal of Industrial Engineering Computations

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Multi-Criteria Decision Making Management and Optimization Techniques Optimization and Mathematical Programming

Abstract

To acquire the competitive advantages in order to survive in the global business scenario, modern companies are now facing the problems of selecting key supply chain strategies.Strategy selection becomes difficult as the number of alternatives and conflicting criteria increases.Multi criteria decision making (MCDM) methodologies help the supply chain managers to take a lead in a complex industrial set-up.The present investigation applies fuzzy MCDM technique entailing multi-objective optimization on the basis of ratio analysis (MOORA) in selection of alternatives in a supply chain.The MOORA method is utilized to three suitable numerical examples for the selection of supply chain strategies (warehouse location selection and vendor/supplier selection).The results obtained by using current approach almost match with those of previous research works published in various open journals.The empirical study has demonstrated the simplicity and applicability of this method as a strategic decision making tool in a supply chain.

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References

1996Fuzzy sets 1981Multiple Attribute Decision Making: Methods and Applications 2011Multiple Attribute Decision Making: Methods and Applications 2005A fuzzy approach for supplier evaluation and selection in supply chain management 2001A review of methods supporting supplier selection 2006The MOORA method and its application to privatization in a transition economy 2009Group decision making process for supplier selection with VIKOR under fuzzy environment 2003Fuzzy group decision-making for facility location selection

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2013A Survey on Development and Applications of the Multi-criteria Decision Making Method MULTIMOORA 2018CLUS-MCDA: A novel framework based on cluster analysis and multiple criteria decision theory in a supplier selection problem 2018An approach for robust decision making rule generation: Solving transport and logistics decision making problems 2016Fuzzy entropy-weighted MULTIMOORA method for materials selection 2024A historical review and analysis on MOORA and its fuzzy extensions for different applications

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