scholarly journals A Hybrid Multi-Criteria Decision-Making Approach Based on ANP-Entropy TOPSIS for Building Materials Supplier Selection

Entropy ◽  
2021 ◽  
Vol 23 (12) ◽  
pp. 1597
Author(s):  
Chun-Ho Chen
Keyword(s):  
Decision Making ◽  
Supplier Selection ◽  
Building Materials ◽  
Evaluation Criteria ◽  
Analytic Network Process ◽  
Topsis Method ◽  
Entropy Weight ◽  
Suitable Alternative ◽  
Multi Criteria Evaluation ◽  
Network Process

This article will tell you how to combine “entropy” in the model to reduce the bias of multi-criteria evaluation. Subjective weights are usually determined by decision makers based on their professional background, experience and knowledge, and other factors. The objective weight is obtained by constructing an evaluation matrix of the information based on the actual information of the evaluation criteria of the scheme, and obtained through multi-step calculations. Different decision-making methods are based on different weight types. Considering only one of the two weights often leads to biased results. In addition, in order to establish an effective supply chain, buyers must find suitable merchants among suppliers that provide quality products and/or services. Based on the above factors, it is difficult to choose a suitable alternative. The main contribution of this paper is to combine analytic network process (ANP), entropy weight and the technique for order preference by similarity to an ideal solution (TOPSIS) to construct a suitable multi-criteria decision (MCDM) model. By means of ANP-entropy weights to extend the TOPSIS method, ANP-entropy weights are used to replace subjective weights. A supplier selection decision-making model based on ANP-entropy TOPSIS is proposed. At last, the sensitivity analysis shows that, taking the selection of building materials suppliers as an example, the hybrid ANP-entropy TOPSIS method can effectively select suitable suppliers.

Application of Fuzzy Analytic Network Process and TOPSIS Method for Material Supplier Selection

2017 ◽  
Vol 728 ◽  
pp. 411-415 ◽  
Author(s):  
Nguyen Thanh Phong ◽  
Van Nguyen Phuc ◽  
To Thuy Hoang Le Nguyen Quyen
Keyword(s):  
Decision Making ◽  
Supplier Selection ◽  
Construction Projects ◽  
Significant Proportion ◽  
Analytic Network Process ◽  
Quantitative Model ◽  
Topsis Method ◽  
Construction Firms ◽  
Network Process ◽  
Fuzzy Analytic Network Process

Materials account for a significant proportion of engineering and construction projects budget. Therefore, selecting appropriate material supplier criteria is a critical economic decision, and it plays a significant role in the success of any engineering and construction firms. Traditional supplier evaluating decision-making methods are usually based on subjective opinions of experts, resulting in irrational and inappropriate decisions. This paper proposes a quantitative model for selecting a material supplier by using the Fuzzy Analytic Network Process and TOPSIS method. In this model, the material supplier selection criteria are weighted by using Group Fuzzy Analytic Network Process (GFANP). Then material suppliers are ranked using the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) method. The proposed decision-making model can provide a robust approach for solving material supplier selection problems.

scholarly journals A Novel Multi-Criteria Decision-Making Model for Building Material Supplier Selection Based on Entropy-AHP Weighted TOPSIS

Entropy ◽  
2020 ◽  
Vol 22 (2) ◽  
pp. 259 ◽  
Author(s):  
Chun-Ho Chen
Keyword(s):  
Decision Making ◽  
Building Material ◽  
Supplier Selection ◽  
Service Providers ◽  
Evaluation Criteria ◽  
Multi Criteria Decision Making ◽  
Topsis Method ◽  
Entropy Weight ◽  
Analytic Hierarchy ◽  
Decision Making Model

The type of criterion weight can be distinguished according to different decision methods. Subjective weights are given by decision makers based on their knowledge, experience, expertise, and other factors. Objective weights are obtained through multi-step calculations of the evaluation matrix constructed from the actual information about the evaluation criteria of the alternatives. A single consideration of these two types of weights often results in biased results. In addition, in order to build an effective supply chain source, buyers must find suitable quality products and/or service providers in the process of supplier selection. Based on the above reasons, it is difficult to accurately select the appropriate alternative. The main contribution of this paper is to combine entropy weight, analytic hierarchy process (AHP) weight, and the technique for order preference by similarity to an ideal solution (TOPSIS) method into a suitable multi-criteria decision making (MCDM) solution. The TOPSIS method is extended with entropy-AHP weights, and entropy-AHP weights are used instead of subjective weights. A novel decision-making model of TOPSIS integrated entropy-AHP weights is proposed to select the appropriate supplier. Finally, we take the selection of building material suppliers as an example and use sensitivity analysis to show that the combination of the TOPSIS method based on entropy-AHP weights can effectively select the appropriate supplier.

scholarly journals A New Comprehensive Approach for Efficient Road Vehicle Procurement Using Hybrid DANP-TOPSIS Method

2020 ◽  
Vol 12 (10) ◽  
pp. 4044
Author(s):  
Marko Stokic ◽  
Davor Vujanovic ◽  
Dragan Sekulic
Keyword(s):  
Decision Making ◽  
Analytic Network Process ◽  
Technical Aspect ◽  
Selling Price ◽  
Topsis Method ◽  
Environmental Decision Making ◽  
Network Process ◽  
Order Preference ◽  
Vehicle Fleet ◽  
Selection Of

The efficient vehicle procurement is an important business segment of different companies with their own vehicle fleet. It has a significant influence on reducing transport and maintenance costs and on increasing the fleet’s energy efficiency. It is indispensable that managers consider various criteria from several aspects when procuring a vehicle. In that sense, we defined 13 relevant criteria and divided them into four multidisciplinary aspects: Construction-technical, financial, operational, and environmental. Decision-Making Trial and Evaluation Laboratory-Based Analytic Network Process (DANP) method was applied to evaluate the significance of defined criteria and aspects and their interdependency. It is established that the three most important criteria for vehicle procurement are vehicle price, vehicle maintenance, and vehicle selling price. The most important aspect is construction technical aspect, while the aspect of the environment is the least important. The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method was used to rank eight different vehicles, which were considered by vehicle fleet manager at the observed company. This model assists fleet managers in the selection of the most suitable vehicle for procurement, while significantly reducing decision-making time and simultaneously observing all necessary criteria and their weights. Moreover, we have considered 10 different scenarios to establish whether and how the rank of the observed alternatives would change.

Employing fuzzy ANP for ranking the personality of international brands in the sports shoe industry

2018 ◽  
Vol 13 (1) ◽  
pp. 137-155 ◽  
Author(s):  
Javad Khazaei Pool ◽  
S. Mohammad Arabzad ◽  
Sobhan Asian ◽  
Milad Fahimi ◽  
Reza Verij Kazemi
Keyword(s):  
Decision Making ◽  
Academic Research ◽  
Evaluation Criteria ◽  
Analytic Network Process ◽  
Competitive Advantages ◽  
Content Type ◽  
Shoe Industry ◽  
Sport Shoe ◽  
Network Process ◽  
Quantitative Basis

Purpose This paper aims to provide a quantitative basis to analytically determine the ranking of the brand personality of Adidas, Asics, Nike, Puma and Saucony brands among Iranian customers via a conventional multi-criteria decision-making (MCDM) method. Design/methodology/approach Data for determining the importance of evaluation criteria and ranking of brands are gathered by means of distributing questionnaires among a group of Iranian customers of sport shoes, as well as some industrial experts. The fuzzy analytic network process (FANP) was used to rank the brands with regard to dependencies between criteria and alternatives. Findings The results indicate that FANP is a capable method which provides invaluable insights for strategic marketing decisions in the sport product industry. Results show Adidas has the best performance in the sports shoe market compared to the other four brands. In this study, it was found that expertise sophistication was the most important criterion among Aaker’s five main criteria. Originality/value The value of this paper is applying FANP decision-making method for ranking sport shoe brands. This method has not been commonly used in the area of marketing, hence it is added to the pool of techniques used in ranking brands. In addition, evaluation and ranking of brands can be very useful for both academic research and practice. Researchers can benchmark the competences of each brand through evaluating them, and industrialists can extract the competitive advantages of the selected brands.

scholarly journals Integration Dematel and ANP for The Supplier Selection in The Textile Industry: A Case Study

2021 ◽  
Vol 20 (1) ◽  
pp. 119-130
Author(s):  
Dana Marsetiya Utama ◽  
Bianca Maharani ◽  
Ikhlasul Amallynda
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Textile Industry ◽  
Supplier Selection ◽  
Analytic Network Process ◽  
Product Price ◽  
Network Process ◽  
The Relationship ◽  
Selection Of

Currently, companies are required to improve supply chain performance. One of the main problems in the supply chain is the proper supplier selection. Supplier selection has an essential role in improving supply chain management performance. Supplier selection requires the proper criteria. However, the relationship between criteria is rarely considered in the selection of suppliers in the textile industry. This study tries to propose integrating the Decision Making Trial and Evaluation Laboratory (DEMATEL) and the Analytic Network Process (ANP) for supplier selection in the textile industry. Both methods are multi-criteria decision making (MCDM) tools DEMATEL is used to assess the relationship between criteria. Furthermore, ANP is used to evaluate and weigh the importance of criteria and suppliers. A case study was carried out in a textile company located in Indonesia. The results show that this procedure can identify the relationship and effect of each criterion. The results show that the product price criteria are the criteria that have the most significant weight. The criteria for conformity to specifications and consistency of quality are in second and third place. Finally, suppliers are selected based on weight assessment on each criterion by ANP.

scholarly journals A structured framework for sustainable supplier selection using a combined BWM-CoCoSo model

2019 ◽  
Author(s):  
Sarfaraz Hashemkhani Zolfani ◽  
Prasenjit Chatterjee ◽  
Morteza Yazdani
Keyword(s):  
Supplier Selection ◽  
Evaluation Model ◽  
Analytic Network Process ◽  
Sustainable Supply Chain ◽  
Economic Significance ◽  
Industrial Organizations ◽  
Multi Criteria Evaluation ◽  
Proposed Model ◽  
Sustainable Supplier Selection ◽  
Network Process

Purpose – sustainability in industrial organizations is becoming one of the predominant concepts in the context of modern industrialization due to global warming, economic significance, and social awareness. These have prompted a huge concern toward sustainable supply chain management (SSCM) to be adopted and promoted as an innovative business model. Supplier evaluation and selection play a significant role in SSCM for taking appropriate procurement decisions. Research methodology – a hybrid MADM model based on Best Worst Method (BWM) and Combined Comprise Solution (CoCoSo) method. Findings – a case study in the steel industry is presented to demonstrate the effectiveness of the proposed approach. The results show the potentiality of the proposed model in resolving complex sustainability issues in the SCM environment. Research limitations – other weighting techniques like the analytic network process (ANP) and decision making trial and evaluation laboratory (DEMATEL) approaches can also be combined and performances can be compared. Practical implications – the proposed model can be used by the organizations to select the most appropriate suppliers who contribute to the movement of the SC towards sustainability. Originality/Value – a multi-criteria evaluation model has been proposed for solving a sustainable supplier selection problem while considering economic, environmental and social criteria simultaneously by integrating BWM-COCOSO methods

scholarly journals TOPSIS Method for Probabilistic Linguistic MAGDM with Entropy Weight and Its Application to Supplier Selection of New Agricultural Machinery Products

Entropy ◽  
2019 ◽  
Vol 21 (10) ◽  
pp. 953 ◽  
Author(s):  
Jianping Lu ◽  
Cun Wei ◽  
Jiang Wu ◽  
Guiwu Wei
Keyword(s):  
Supplier Selection ◽  
Scoring Function ◽  
Ideal Solution ◽  
Agricultural Machinery ◽  
Topsis Method ◽  
Entropy Weight ◽  
Suitable Alternative ◽  
Attribute Weights ◽  
Multiple Attribute ◽  
Selection Of

In multiple attribute group decision making (MAGDM) problems, uncertain decision information is well-represented by linguistic term sets (LTSs). These LTSs are easily converted into probabilistic linguistic sets (PLTSs). In this paper, a TOPSIS method is proposed for probabilistic linguistic MAGDM in which the attribute weights are completely unknown, and the decision information is in the form of probabilistic linguistic numbers (PLNs). First, the definition of the scoring function is used to solve the probabilistic linguistic entropy, which is then employed to objectively derive the attribute weights. Second, the optimal alternatives are determined by calculating the shortest distance from the probabilistic linguistic positive ideal solution (PLPIS) and on the other side the farthest distance of the probabilistic linguistic negative ideal solution (PLNIS). This proposed method extends the applications range of the traditional entropy-weighted method. Moreover, it doesn’t need the decision-maker to give the attribute weights in advance. Finally, a numerical example for supplier selection of new agricultural machinery products is used to illustrate the use of the proposed method. The result shows the approach is simple, effective and easy to calculate. The proposed method can contribute to the selection of suitable alternative successfully in other selection problems.

Selecting an Advertising Agency: A Multi-Criteria Decision Making Approach

2008 ◽  
Vol 12 (4) ◽  
pp. 13-22 ◽  
Author(s):  
Mohd. Nishat Faisal ◽  
Bilal Mustafa Khan
Keyword(s):  
Decision Making ◽  
Evaluation Criteria ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Advertising Agency ◽  
Product Service ◽  
Proposed Model ◽  
Network Process ◽  
Product Personality ◽  
Mcdm Method

Indian economy is evolving day by day, and with an upswing spending power of its inhabitants advertising has been emerging as one of the most effective tools for the companies to reach out to their customers. Best advertisement agencies create value through giving the product personality, developing an understanding of product/service, creating an image or memorable picture of that product and above all trying to distinguish the product apart from its competitors. Today, advertising budgets of companies are rising and thus there are numerous agencies in the market vying for their shares. But there exists no method, which can take into account numerous criterions and their impact simultaneously under consideration while selecting a best advertisement agency. Selecting an advertisement agency is a multiple criteria decision-making (MCDM) problem that requires considering large number of complex factors as multiple evaluation criteria. A robust MCDM method should consider the interactions among criteria. Analytic network process (ANP) is a relatively new MCDM method which can deal with all kinds of interactions systematically. This paper proposes an ANP based methodology for the selection of advertisement agencies. ANP is capable of measuring the relative importance that captures all indirect interactions in a network required to be considered in an advertisement agency selection and also their interactions. Additionally, the proposed model is evaluated for a case company.

A novel hybrid multi-criteria decision-making approach for offshore wind turbine selection

2020 ◽  
pp. 0309524X2097360
Author(s):  
Yuanxing Ma ◽  
Li Xu ◽  
Jingjing Cai ◽  
Jing Cao ◽  
Fengfeng Zhao ◽  
...  
Keyword(s):  
Decision Making ◽  
Wind Turbine ◽  
Wind Farm ◽  
Analytic Network Process ◽  
Offshore Wind ◽  
Offshore Wind Turbine ◽  
Multi Criteria Decision Making ◽  
Entropy Weight ◽  
Network Process ◽  
Entropy Weight Method

Offshore wind power has been an important force to promote energy transformation. To build an advanced offshore wind farm, wind turbine selection requires the decision maker to explore new relevant criteria and evaluate alternatives with respect to decision criteria with assigning importance weightings to the criteria. In this paper, we devise a novel hybrid multi-criteria decision-making (MCDM) approach for offshore wind turbine selection by reconstructing analytic network process (ANP) and entropy-weight method (EWM). Based on the assigned weightings for ANP and EWM, the best alternative can be selected. For the decision-making model, five main criteria are specifically subdivided into 22 sub-criteria. The method is then applied to deal with the quantitative and qualitative inputs and the interrelation of criteria as arising from decision-making process. The results show that the proposed method can effectively select the optimal one from four different types of alternative offshore wind turbines.

scholarly journals An integrated ANP-ELECTRE III decision model applied to eco-friendly car selection

2021 ◽  
Vol 9 ◽  
Author(s):  
Ahmad Mumani ◽  
◽  
Ghazi M. Magableh ◽  
Keyword(s):  
Decision Making ◽  
Evaluation Criteria ◽  
Analytic Network Process ◽  
Green Energy ◽  
Electre Iii ◽  
Network Process ◽  
The Many ◽  
Energy Options ◽  
Different Levels

The number of green energy options in different fields is growing because of the need for reducing energy consumption and eliminating gas emission. One of these options is the use of eco-friendly cars produced by various manufacturers. Given the many available options and conflicting evaluation criteria, evaluation of such options becomes complex, and different multi-criteria decision-making (MCDM) approaches have been used to select the most suitable car in terms of eco-friendly car selection. Previous research has been somewhat limited with respect to consideration of interdependencies between evaluation criteria and multi-levels of preference. This paper proposes a new integrated MCDM approach with the capability for considering interdependent criteria for eco-friendly car evaluation and different levels of preference. An analytic network process (ANP) will be used to evaluate the levels of importance of interdependent criteria, and ELECTRE III will be modeled to include thresholds of preference. The introduced model, based on twenty-eight evaluation criteria, was demonstrated in a case study dealing with five alternative electric and hybrid cars. The results from this model were compared to a traditional decision-making method and better results were obtained from the model. The model can help users make proper decisions regarding their future car options in a comprehensive manner. Sensitivity analysis showed the robustness of the model under different setups.

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