This website uses cookies to ensure you have the best experience. Learn more

A New Hybrid Mcdm Approach Combining Fuzzy Rasch And Copras G For Supplier Selection

2963 words - 12 pages

In today’s highly viable atmosphere, supplier selection is a major concern in supply chain which subsidises to overall supply chain performance on quality and service, reducing purchasing cost and improves commercial competitiveness [1]. In contemporary years, under the constant pressure to reduce business costs and to deliver high-quality products to market quickly, companies are increasingly attracted to outsourcing by purchasing from suppliers key components or semi-finished products. The organizations that have gone down this route have achieved remarkable results [2]. While manufacturers are moving toward tighter coordination with their suppliers, managers in many corporations have been ...view middle of the document...

Extensive multi-criteria decision making approach have been proposed for supplier selection, such as Analytic hierarchy process(AHP), analytic network process(ANP), case-based reasoning(CBR), data envelopment analysis(DEA), fuzzy set theory, genetic algorithm, grey set theory, simple multi-attribute rating technique and their hybrid[6].Moreover, modern production systems such as Just-In-Time production and mass customization manufacturing presume the prompt supply of raw materials and outsourced parts in the expected quantity and with the expected quality [7]. The importance of these requirements is further underlined by the fact that many businesses are outsourcing their operations in order to utilize more efficiently worldwide resources. Hence, it is understandable that decision makers are increasingly concerned about the effectiveness and rationality of the supplier selection process followed by their organizations [8]. The selection of supplier plays a key role in an organization as the cost of raw material constitute main cost of final product. In a supply chain, almost half of its capital spent on total sale on purchasing raw material, sub-assemblies and components making supplier side in supply chain a vital link in cost-cutting opportunities [9]. Pearson and Ellram [10] found cross-functional team involvement in supplier selection influencing overall buying firm performance, pointing out for an effective method for collecting various influences of individual opinions, evaluations and ratings from various decision makers and applying in supplier selection problem. Strategic partnership with better performing suppliers should be integrated into the Supply Chain in reducing costs by eliminating wastages, improving quality to achieve zero defects, improving flexibility to meet end-customer needs, reducing lead time at different stages of the SC, and so on [11].
The decision makers (DMs) always express their preferences on alternatives or on the attributes of suppliers to rank or select the most desirable one. The preference information on alternatives of supplier and on attributes belongs to the DMs’ subjective judgements. In conventional MADM methods generally, DMs’ judgements are often uncertain and cannot be judged by a crisp value. Thus, the problem of selecting suitable suppliers under uncertainties becomes more difficult [12]. Supplier selection in supply chain is a time-consuming and intractable problem and largest drawback for marketing managers due to lack of deep knowledge, experience and strategic understanding. For the qualitative attributes, quantifying the uncertain information is actually a difficult task. That is why a fuzzy MCDM method is needed to handle the imprecise, vague and uncertain information in linguistic terms. Chou and Chang [13] presented a strategy-aligned fuzzy multi-attribute rating technique (SMART) strategy to identify and evaluate supplier selection criteria. Lee [14] developed a fuzzy analytical...

Find Another Essay On A new hybrid MCDM approach combining fuzzy RASCH and COPRAS-G for supplier selection

Combining Wealth and a Passion for Capital Markets in My Career

954 words - 4 pages Two factors have defined my career so far: struggle to overcome my family’s abject poverty and passion for capital markets. And interestingly, both have spawned long term goals, which seemed disparate, until recently; while I have embarked on a course to become a financial whiz, substantial success in emerging from poverty has kindled my hankering for rural India’s uplift. However, having worked in the financial industry for last 2 years, I

Combining of Old World Animals and the New World Environment

3377 words - 14 pages species converged on one continent a new and distinct environment suddenly developed from the mixing of two separate biotas. One can only imagine what Columbus and his crew thought as they set foot upon the New World. Certainly, they were at a loss to describe the natural beauty surrounding them. Back in their home country, Europeans had systematically destroyed the forests and woodlands of their country. They had little respect for the

A Novel Neuro-fuzzy Classification Method for Breast Cancer Detection

2499 words - 10 pages Computing: A Computational Approach to Learning and Machine Intelligence, Prentice Hall, USA, 1997. [15] C.-T. Lin and C. S. G. Lee, Neural Fuzzy Systems: A Neuro-Fuzzy Synergism to Intelligent Systems, Prentice Hall, 1996. [16] W. J. Clancey, E. H. Shortliffe, eds., Readings in medical artificial intelligence: the first decade. Reading, Mass., Addison-Wesley, 1984. [17] Orlando Anunciacao, Bruno C. Gomes, Susana Vinga, Jorge Gaspar, Arlindo L

A Novel Neuro-fuzzy Classification Technique for Soil Data Mining

1070 words - 5 pages proposed a novel Neuro-fuzzy classification based technique and applied it to large soil databases to find out significant relationships. We used our technique to three benchmark data sets from the UCI machine learning repository for soil categorization and they were namely Statlog (Landsat Satellite), Covertype, and 3 data sets. Our objective was to develop an efficient classification model with the proposed method and, therefore compare its

Malaysia's Hybrid Approach to Governement Policy and Institutions

1185 words - 5 pages 2.2 GOVERNMENT POLICY AND INSTITUTIONS Malaysia has sought after a hybrid approach, which looks to consolidate immediate government support and intervention and Foreign Direct Investment (FDI). For macroeconomic level, the Malaysian Government has executed various five-year monetary plans. An over reaching goals of these five year arrangements is for Malaysia to turn into a completely created modern economy by the year 2000, taking into

A Unique Expert System for Optimum Oil Price Estimation by Integration of Fuzzy Cognitive Map, Neural Networks and GA

1145 words - 5 pages crude oil price movements. Knetsch (2007) suggested an oil price forecasting method based on the present value model of rational commodity pricing. Xie et al. (2006) proposed a new method based on support vector machine (SVM) to predict crude oil price. The comparisons of results with ARIMA and BPNN showed the superiority of the proposed model. In this paper, a fuzzy expert system model for forecasting monthly crude oil spot prices using readily

Earth, Empathy, and Ecofeminism: A New Approach to Motivating Change

1219 words - 5 pages the metaphor of the earth and all parts of it being the body of God; therefore, when we care about and empathize with other people and entities of earth, we are caring about and empathizing with God. The idea of Earth as God’s body comes from the main works of Sallie McFague, specifically her books, The Body of God: An Ecological Theology and A New Climate for Theology: God, The World, and Global Warming. Although McFague uses her model for other

How do G. Orwell and A. Huxley use characters to depict the dystopias in "1984" and in "Brave New World"?

1837 words - 7 pages him." Liked him more and more.' the quote pronounced by Lenina and the description of her feelings towards John are effective due to Huxley's diction: his choice of the word 'like'. It underscores a feeling common to normal humans today, yet highly absurd for the Brave New World. Huxley hadn't used the word love; however, the 'like' in this case does not denote lust either. By bringing out in such a stereotypical citizen as Lenina a human trait

A New Approach to a Healthier Future

1246 words - 5 pages youths. I argue that the Canadian health care system must adopt weight management in the place of weight loss and end the standard use of body mass index (BMI) in order to successfully combat obesity. Body mass has long been thought to influence health and well-being. Since excessive weight is believed to increase a person’s risk for disease the BMI tool is used to determine standard recommended weight. Medical, government and public health

Summary of Daniel Chandler's "Semiotics for Beginners", And Beverly Zimmerman's "A Rhetorical Approach to Understanding Images in the New 'Visual Age'"

584 words - 2 pages Daniel Chandler tells us that a sign consists of two parts: the signifier and the signified. The signifier is the form that the sign takes, and the signified is a reaction of the signifier. For example: if the signifier is a symbol, then the signified could be a concept in the mind pertaining to that symbol.Knowing that there are tens of thousands of different types of signs. Charles Pierce categorized them into 3 modes. The symbolic mode is one

Staff Selection for a Multinational Enterprise

2904 words - 12 pages enterprises (MNE’s) can be distributed across the world in exploration of new markets, opportunities and wherewithal. “A multinational enterprise (MNE) takes a worldwide view of markets and production.” (Daniels 2009, 63) In simple terms, a Multinational enterprise (MNE) will produce and market their products anywhere in the world. Operations can also take place in multiple countries, for example, in the wholesale trade Nestle is an excellent

Similar Essays

Selection Of The Supplier For A Property Company "North Eastern Property Managers", Supplier Selection Process In Purchasing

2965 words - 12 pages IntroductionIn this research paper, we are told to make a "selection" of the plumbing items supplier for a property company named "North Eastern Property Managers" (NEPM), the property companies main functions are assumed as "fixing and installing the plumbing part of the property only" in this paperwork.NEPM has spent over 400,000 a year for the purchase of various kinds of plumbing supplies such as: pipes, tees, elbows, and many small

Hybrid Vigour And Combining Ability For Yield And Quality Traits In Popcorn (Zea Mays Var. Everta)

2264 words - 10 pages productivity of maize at 134 kg/ha/annum (Biology of Zea mays, Ministry of Science and Technology, New Delhi, India). Looking to this, there is a need to improve popcorn populations and develop single cross hybrid for high grain yield with better quality. Maize is a highly cross pollinated crop and the scope for the exploitation of hybrid vigour will depend on the magnitude and direction of heterosis and the gene action involved. Heterosis and

Riordan Manufacturing Supplier Solicitation And Selection

1437 words - 6 pages . For example, Riordan can quantitatively evaluate how long a prospective supplier has been supplying materials to the plastics industry or how much material the supplier is able to reliably supply. However, not all criteria can be evaluated in such a manner and is subjective in nature and requires a qualitative response. For example, Riordan's procurement team needs to know how well each supplier understands the needs and objectives of the RFP

A New Approach To Transmission Power Control For Multihop And Single Hop Ws Ns

1539 words - 6 pages results, it does not include other control packets such acknowledgment, PAN association and retransmitted packet. It also lacks the analysis of the energy spent due to the random nature of CSMA/CA. These components are incorporated in our simulation results. Future work will include other sources of energy consumption in the analysis and hardware-based testing. 6 Conclusion In this paper, a new approach to transmission power