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A Decision-Making Model for Evaluating and Selecting Suppliers for the Sustainable Operation and Development of Enterprises in the Aerospace Industry

Author

Listed:
  • Chin-Tsai Lin

    (Department of Business Administration, Ming Chuan University, 250 Zhong Shan N. Rd., Sec. 5, Taipei 111, Taiwan)

  • Kuang-Peng Hung

    (Department of Business Administration, Ming Chuan University, 250 Zhong Shan N. Rd., Sec. 5, Taipei 111, Taiwan)

  • Shu-Hsien Hu

    (Department of Business Administration, Ming Chuan University, 250 Zhong Shan N. Rd., Sec. 5, Taipei 111, Taiwan)

Abstract

Due to rigorous quality requirements and high unit prices, the manufacture of machines used in the aerospace industry is characterized by a high entry threshold, high risk and a long payback period. A good decision-making model for evaluating and selecting suppliers is vital for sustainable enterprise development. Therefore, this study presents a new two-stage model for evaluating and selecting suppliers in the aerospace industry. In the first stage, a hierarchical structure is built with five main and 16 sub-criteria for supplier evaluation and selection following the modified Delphi method; in the second stage, the best alternative solution is selected following the analytic network process (ANP) method. Finally, this study verifies the feasibility of the above model based on the purchase of high-precision and high-cost 3D measuring tools by Aerowin Technology Corporation, which is listed on the Taiwan Stock Exchange. The results show that the five criteria in the above model are ranked by their degree of importance, as follows: quality > cost > delivery > marketing > organizational planning. The findings of this research can be used as a reference for decision-making during the purchase of high-precision and high-priced machine tools in the aerospace industry.

Suggested Citation

  • Chin-Tsai Lin & Kuang-Peng Hung & Shu-Hsien Hu, 2018. "A Decision-Making Model for Evaluating and Selecting Suppliers for the Sustainable Operation and Development of Enterprises in the Aerospace Industry," Sustainability, MDPI, vol. 10(3), pages 1-21, March.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:3:p:735-:d:135141
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    References listed on IDEAS

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    1. Ying-Chyi Chou & Chia-Han Yang & Ching-Hua Lu & Van Thac Dang & Pei-An Yang, 2017. "Building Criteria for Evaluating Green Project Management: An Integrated Approach of DEMATEL and ANP," Sustainability, MDPI, vol. 9(5), pages 1-17, May.
    2. Lin, Hsiu-Fen & Huang, Yi-Wen, 2015. "Using analytic network process to measure the determinants of low cost carriers purchase intentions: A comparison of potential and current customers," Journal of Air Transport Management, Elsevier, vol. 49(C), pages 9-16.
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    Cited by:

    1. Hana Stverkova & Michal Pohludka, 2018. "Business Organisational Structures of Global Companies: Use of the Territorial Model to Ensure Long-Term Growth," Social Sciences, MDPI, vol. 7(6), pages 1-9, June.
    2. Chin-Tsai Lin & Cheng-Yu Chiang, 2020. "Developing and Applying a Selection Model for Corrugated Box Precision Printing Machine Suppliers," Mathematics, MDPI, vol. 9(1), pages 1-20, December.
    3. Noor Muhammad & Zhigeng Fang & Syed Ahsan Ali Shah & Muhammad Azeem Akbar & Ahmed Alsanad & Abdu Gumaei & Yasir Ahmed Solangi, 2020. "A Hybrid Multi-Criteria Approach for Evaluation and Selection of Sustainable Suppliers in the Avionics Industry of Pakistan," Sustainability, MDPI, vol. 12(11), pages 1-22, June.
    4. Cut Edwina Safia Oebit & Septiani Juniarti, 2023. "Measurement of Determinants of Purchase Decision on Retail Products," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(8), pages 482-492, August.
    5. Che-Wei Chang, 2022. "Supply chain movement risk in the sneaker industry: an empirical study," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(3), pages 1073-1092, June.
    6. Dyi-Cheng Chen & Der-Fa Chen & Shih-Ming Huang & Mu-Jung Huang & Wen-Jye Shyr & Chien-Fu Chiou, 2021. "Critical Success Factors to Improve the Business Performance of Tea Drink Chains," Sustainability, MDPI, vol. 13(16), pages 1-15, August.
    7. Meenu Singh & Millie Pant, 2021. "A review of selected weighing methods in MCDM with a case study," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(1), pages 126-144, February.
    8. Salvador Cruz Rambaud & Joaquín López Pascual & Juan Carlos Meléndez Rodríguez, 2021. "Sustainability in the Aerospace Sector, a Transition to Clean Energy: The E 2 -EVM Valuation Model," Sustainability, MDPI, vol. 13(12), pages 1-17, June.

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