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An Integrated Approach For Selecting A Vendor Using Grey Relational Analysis

Author

Listed:
  • A. NOORUL HAQ

    (Department of Production Engineering, National Institute of Technology, Tiruchirappalli 620015, India)

  • G. KANNAN

    (Department of Production Engineering, National Institute of Technology, Tiruchirappalli 620015, India)

Abstract

This paper develops a new model for evaluating and selecting the vendor using an integrated approach of Grey Relational Analysis (GRA) along with an Analytical Hierarchy Process (AHP) in a Forward Supply Chain Model (FSCM). The paper aims to demonstrate how the model can help in solving such decisions in practice. It also examines the structure of the decision hierarchy, whether it can represent vendor selection decisions in reality and whether it covers all key factors affecting vendor selection choices. The effectiveness of the GRA model is illustrated with an Original Equipment Manufacturing (OEM) industry in southern part of India and the results of GRA were validated using the result obtained from AHP. The proposed model helps the industry to effectively select the vendor.

Suggested Citation

  • A. Noorul Haq & G. Kannan, 2006. "An Integrated Approach For Selecting A Vendor Using Grey Relational Analysis," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 277-295.
    • Handle: RePEc:wsi:ijitdm:v:05:y:2006:i:02:n:s0219622006001952
    DOI: 10.1142/S0219622006001952
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    Cited by:

    1. Bouzon, Marina & Govindan, Kannan & Rodriguez, Carlos M.Taboada & Campos, Lucila M.S., 2016. "Identification and analysis of reverse logistics barriers using fuzzy Delphi method and AHP," Resources, Conservation & Recycling, Elsevier, vol. 108(C), pages 182-197.
    2. Gwo-Hshiung Tzeng & Chi-Yo Huang, 2012. "Combined DEMATEL technique with hybrid MCDM methods for creating the aspired intelligent global manufacturing & logistics systems," Annals of Operations Research, Springer, vol. 197(1), pages 159-190, August.
    3. Wu, Cheng-Ru & Lin, Chin-Tsai & Tsai, Pei-Hsuan, 2010. "Evaluating business performance of wealth management banks," European Journal of Operational Research, Elsevier, vol. 207(2), pages 971-979, December.

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