tailieunhanh - GRAHP TOP model for supplier selection in Supply Chain: A hybrid MCDM approach

This paper proposes a model using Multi Criteria Decision Making (MCDM) tools viz., Grey Relational Analysis (GRA), Analytical Hierarchy Process (AHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS). GRA is used to shortlist the criteria from the available options, while AHP is used to assign weights to the criteria. | GRAHP TOP model for supplier selection in Supply Chain A hybrid MCDM approach Decision Science Letters 8 2019 65 80 Contents lists available at GrowingScience Decision Science Letters homepage dsl GRAHP TOP model for supplier selection in Supply Chain A hybrid MCDM approach Venkata Krishnarao Kogantia Nagaraju Menikondab S. P. Anbuudayasankarc T. Krishnarajc Rajesh Kumar Athhukurid and Mokkapati Sai Vastave aThe University of Texas Dallas USA bHochschule Stralsund University of Applied Sciences Germany cAmrita School of Engineering Amrita Vishwa Vidhyapeetham India dInfosys Limited India eHAN University of Applied Sciences Netherlands CHRONICLE ABSTRACT Article history Decision makers of various disciplines are facing challenges because of vast availability of Received November 18 2017 options in the real world. Even though each and every decision made by a decision maker is Received in revised format being done with a great knowledge and conscience the decision maker needs suitable support to April 28 2018 choose the most favorable option to acquire great results in an agile environment. Supplier Accepted May 4 2018 Available online selection is imperative for an efficient supply chain management. Many industries are in need of May 5 2018 effective decision making tools which aids them in valuable supplier selection. This paper Keywords proposes a model using Multi Criteria Decision Making MCDM tools viz. Grey Relational AHP Analysis GRA Analytical Hierarchy Process AHP and Technique for Order Performance by GRA Similarity to Ideal Solution TOPSIS . GRA is used to shortlist the criteria from the available MCDM options while AHP is used to assign weights to the criteria. The final supplier in the selection Supplier selection process is obtained using TOPSIS. The proposed GRA-AHP-TOPSIS model GRAHP TOP is TOPSIS used to analyze and formulate the important criteria and the applicability of the model is tested on a case of a small scale .