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Fuzzy Multicriteria Decision-Making Model (MCDM) for Raw Materials Supplier Selection in Plastics Industry

Author

Listed:
  • Chia-Nan Wang

    (Department of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan)

  • Van Thanh Nguyen

    (Department of Logistics and Supply Chain Management, Hong Bang International University, Ho Chi Minh City 72320, Vietnam)

  • Jiin-Tian Chyou

    (Department of Management Information Systems, National Chengchi University, Taipei 11605, Taiwan)

  • Tsung-Fu Lin

    (Department of Management Information Systems, National Chengchi University, Taipei 11605, Taiwan)

  • Tran Ngoc Nguyen

    (Department of Industrial Systems Engineering, CanTho Universiy of Technology, CanTho 900000, Vietnam)

Abstract

To be able to compete in the domestic plastic industry, small and medium-sized enterprises producing plastic need to proactively find the supply of raw materials, avoiding shortages like in the previous years. Purchasing is extremely important and will create a competitive advantage with competitors in the market, so finding suppliers will determine the success in the later stages of the production chain. With the development of the current information system, selection and evaluation have become important in order to achieve effective decision-making through optimal options. In this study, the authors provide a new approach for decision-makers in evaluating and selecting suppliers, which is formulated based on the supply chain operation reference (SCOR) model, fuzzy analytic network process (FANP), and VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR). The contribution of this research is to propose a multicriteria decision-making model (MCDM) for raw material supplier selection in the plastic industry. This research also provided a useful guideline for supplier selection in other industry.

Suggested Citation

  • Chia-Nan Wang & Van Thanh Nguyen & Jiin-Tian Chyou & Tsung-Fu Lin & Tran Ngoc Nguyen, 2019. "Fuzzy Multicriteria Decision-Making Model (MCDM) for Raw Materials Supplier Selection in Plastics Industry," Mathematics, MDPI, vol. 7(10), pages 1-17, October.
    • Handle: RePEc:gam:jmathe:v:7:y:2019:i:10:p:981-:d:277208
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    References listed on IDEAS

    as
    1. Weber, Charles A. & Current, John R. & Benton, W. C., 1991. "Vendor selection criteria and methods," European Journal of Operational Research, Elsevier, vol. 50(1), pages 2-18, January.
    2. Opricovic, Serafim & Tzeng, Gwo-Hshiung, 2007. "Extended VIKOR method in comparison with outranking methods," European Journal of Operational Research, Elsevier, vol. 178(2), pages 514-529, April.
    3. P. L. Yu, 1973. "A Class of Solutions for Group Decision Problems," Management Science, INFORMS, vol. 19(8), pages 936-946, April.
    4. Lima-Junior, Francisco Rodrigues & Carpinetti, Luiz Cesar Ribeiro, 2019. "Predicting supply chain performance based on SCOR® metrics and multilayer perceptron neural networks," International Journal of Production Economics, Elsevier, vol. 212(C), pages 19-38.
    5. Lima-Junior, Francisco Rodrigues & Carpinetti, Luiz Cesar Ribeiro, 2016. "Combining SCOR® model and fuzzy TOPSIS for supplier evaluation and management," International Journal of Production Economics, Elsevier, vol. 174(C), pages 128-141.
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    Cited by:

    1. Phi-Hung Nguyen & Jung-Fa Tsai & Thanh-Tuan Dang & Ming-Hua Lin & Hong-Anh Pham & Kim-Anh Nguyen, 2021. "A Hybrid Spherical Fuzzy MCDM Approach to Prioritize Governmental Intervention Strategies against the COVID-19 Pandemic: A Case Study from Vietnam," Mathematics, MDPI, vol. 9(20), pages 1-26, October.
    2. Chao Tian & Juan Juan Peng, 2020. "A Multi-Criteria Decision-Making Method Based on the Improved Single-Valued Neutrosophic Weighted Geometric Operator," Mathematics, MDPI, vol. 8(7), pages 1-17, June.
    3. Jiaji Pan & Ruilin Fan & Hanlu Zhang & Yi Gao & Zhiquan Shu & Zhongxiang Chen, 2022. "Investigating the Effectiveness of Government Public Health Systems against COVID-19 by Hybrid MCDM Approaches," Mathematics, MDPI, vol. 10(15), pages 1-20, July.

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