An Application of Multi-Criteria Decision-Making Model to Strategic Outsourcing for Effective Supply-Chain Linkages

2009 ◽  
pp. 223-236
Author(s):  
N. K. Kwak ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

An Application of Multi-Criteria Decision-Making Model for Strategic Outsourcing for Effective Supply-Chain Linkages

2010 ◽  
pp. 707-720
Author(s):  
N.K. Kwat ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

An Application of Multi-Criteria Decision-Making Model for Strategic Outsourcing for Effective Supply-Chain Linkages

2011 ◽  
pp. 1438-1451
Author(s):  
N. K. Kwak ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

An Application of Multi-Criteria Decision-Making Model for Strategic Outsourcing for Effective Supply-Chain Linkages

2008 ◽  
pp. 1205-1218
Author(s):  
N. K. Kwak ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

An Application of Multi-Criteria Decision-Making Model for Strategic Outsourcing for Effective Supply-Chain Linkages

2011 ◽  
pp. 324-343
Author(s):  
N. K. Kwak ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

An Application of Multi-Criteria Decision-Making Model to Strategic Outsourcing for Effective Supply-Chain Linkages

2011 ◽  
pp. 344-356
Author(s):  
N. K. Kwak ◽  
Chang Won Lee
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Business Performance ◽  
Planning Process ◽  
Multi Criteria Decision Making ◽  
Supply Chain System ◽  
Factors Affecting ◽  
Planning Strategy ◽  
Outsourcing Strategies ◽  
Decision Making Model

An appropriate outsourcing and supply-chain planning strategy needs to be based on compromise and more objective decision-making procedures. Although factors affecting business performance in manufacturing firms have been explored in the past, focuses are on financial performance and measurement, neglecting intangible and nonfinancial factors in the decision-making planning process. This study presents development of an integrated multi-criteria decision-making (MCDM) model. This model aids in allocating outsourcing and supply-chain resources pertinent to strategic planning by providing a satisfying solution. The model was developed based on the data obtained from a business firm producing intelligent home system devices. This developed model will reinforce a firm’s ongoing outsourcing strategies to meet defined requirements while positioning the supply-chain system to respond to a new growth and innovation.

scholarly journals Warranty Period Decision and Coordination in Closed-Loop Supply Chains Considering Remanufacturing and Consumer Behavior

2019 ◽  
Vol 11 (15) ◽  
pp. 4237 ◽  
Author(s):  
Xiaodong Zhu ◽  
Lingfei Yu ◽  
Wei Li
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chains ◽  
Closed Loop ◽  
Supply Chain System ◽  
Closed Loop Supply Chain ◽  
Chain System ◽  
Warranty Period ◽  
Closed Loop Supply Chains ◽  
Decision Making Model

The closed-loop supply chain management model is an effective way to promote sustainable economic development and environmental protection. Increasing the sales volume of remanufactured products to stimulate green growth is a key issue in the development of closed-loop supply chains. By designing an effective warranty strategy, customer’s perceived value can be enhanced and market demand can be stimulated. This study cuts through the warranty period of closed-loop supply chain products. Based on the perspective of consumer behavior, game theory is used to construct the optimal decision-making model for closed-loop supply chains. The optimal warranty decision making for new products and remanufactured products under centralized and decentralized decision-making models is discussed. Further, the impact of the closed-loop supply chain system with warranty services and the design of contract coordination is also shown. We show that consumer preference has a positive impact on the sales of remanufactured products and the profits of enterprises; with the extension of the new product and remanufacturing warranty period, the profit of the supply chain system first increases and then decreases, and the value is maximized at the extreme point in the manufacturer-led decision-making model. Furthermore, the leader gains higher profits with bargaining power, but the profit of the supply chain system under decentralized decision model is less than that of the centralized decision model, reflecting the double marginalization effect. The revenue sharing contract and the two-charge contract designed in this study coordinate the closed-loop supply chain system with warranty services, so that the member companies in the supply chain can achieve Pareto improvement.

scholarly journals Factors Affecting Selection of Elective Courses: The Use of Multi-Criteria Decision Making Model

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Gulsah Hancerliogullari Koksalmis
Keyword(s):  
Decision Making ◽  
Graduate Students ◽  
Real Life ◽  
Survey Study ◽  
Multi Criteria Decision Making ◽  
Factors Affecting ◽  
Elective Courses ◽  
Elective Course ◽  
Decision Making Model ◽  
Selection Of

Elective course selection has always been a serious and important decision making process for students in institutions.  The study of Multi Criteria Decision Making Model (MCDM) for the selection of elective course is put together with the aim of lending a helping hand to the students. It comprises the main MCDM methods, the problem of selecting an elective course, the survey about the problem, the method which is selected to be implemented, the implementation and the results. In this study, we determine the criteria of this problem for graduate students while deciding on the elective courses. A total of 13 different criteria have been established, including 5 main criteria. In this direction, a questionnaire study was conducted as required by the multi-criteria decision-making analysis method decided in the light of the examined articles. This survey study was answered by graduate students. The responses were evaluated by the "Super Decisions" program and priorities were determined using the Analytic Hierarchy Process (AHP). The survey was applied to graduate students, and it was found that the two most important criteria of the graduate students were 28.03% of the curriculum and 20.42% of the faculty members. This study aims to prove a mathematical method for a real-life situation which can help people make their decisions accurately. It will help students who are indecisive and hesitates while selecting an elective course.

scholarly journals A New Extension to a Multi-Criteria Decision-Making Model for Sustainable Supplier Selection under an Intuitionistic Fuzzy Environment

2019 ◽  
Vol 11 (19) ◽  
pp. 5413 ◽  
Author(s):  
Patchara Phochanikorn ◽  
Chunqiao Tan
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supplier Selection ◽  
Multi Criteria Decision Making ◽  
Sustainable Supply Chain ◽  
Suggested Approach ◽  
Intuitionistic Fuzzy ◽  
Fuzzy Environment ◽  
Sustainable Supplier Selection ◽  
Decision Making Model

The increase of environmental pollution has led to the rise of sustainable awareness in recent years. This trend has motivated various industries to recognize the importance of implementing sustainable supply chain practices to seek economic, environmental and social advantages. From a sustainability perspective, selecting a suitable supplier is the main component of modern enterprises. It is also a challenging problem since several criteria concerning supplier selection are interdependent with a complex character. Therefore, the contribution of this paper is a new extension to multi-criteria decision-making model (MCDM) under an intuitionistic fuzzy environment for sustainable supplier selection (SSS) based on sustainable supply chain management SSCM practices. It consists of intuitionistic fuzzy set theory (IFS) with a decision making trial and evaluation laboratory (DEMATEL) combined with an analytic network process (ANP) to identify uncertainties and interdependencies among criteria as well as analyzing the criteria weights. We modified Vise Kriterijumska Optimizacija I Kompromisno Resenje (VIKOR) to evaluate and rank the desired level of sustainable supplier performance. The suggested approach is conducted by a case study from the Thailand palm oil industry. Results show that the proposed model not only can find the most suitable sustainable supplier, but also the enterprises can aid their suppliers in improving sustainability by using the proposed method and can improve enterprises’ socio-environmental performance, which is key to achieving sustainable development.

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