MULTI-CRITERIA DECISION-MAKING METHODS FOR SUPPLIER SELECTION: A LITERATURE REVIEW

Purpose: This paper proposes a new model for further research on how to select criteria in supplier selection, through a literature review and analysis of the advantages and disadvantages of previously used methods.Design/methodology/approach: The methods used to select criteria in supplier selection were extracted from various online academic databases. The weaknesses and advantages of these methods were then analyzed. Based on these findings, several opportunities for improvement are proposed for further research. Finally, criteria design methods for the selection of suppliers are proposed using statistical multi-criteria decision making (S-MCDM) methods.Findings: Direction and guidance for subsequent research to select the criteria used in supplier selection, based on the advantages and disadvantages of the decision methods used.Research limitations/implications: Limitations of this study are that it is focused on the methods of criteria design in supplier selection.Practical implications: This study can provide a research direction on the selection of criteria for supplier selection.Social implications: This study provides ongoing guidance and avenues for further research.Originality/value: New ideas for working out the developmental strategy for criteria selection are provided by statistical MCDM methods in supplier selection.

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A Systematic Literature Review of Multi-Criteria Decision-Making Methods for Sustainable Selection of Insulation Materials in Buildings

Sustainability ◽

10.3390/su13020737 ◽

2021 ◽

Vol 13 (2) ◽

pp. 737

Author(s):

Indre Siksnelyte-Butkiene ◽

Dalia Streimikiene ◽

Tomas Balezentis ◽

Virgilijus Skulskis

Keyword(s):

Decision Making ◽

Literature Review ◽

Systematic Literature Review ◽

Energy Demand ◽

Energy Performance ◽

Future Research ◽

Multi Criteria Decision Making ◽

Insulation Materials ◽

Advantages And Disadvantages ◽

Selection Of

The European Commission has recently adopted the Renovation Wave Strategy, aiming at the improvement of the energy performance of buildings. The strategy aims to at least double renovation rates in the next ten years and make sure that renovations lead to higher energy and resource efficiency. The choice of appropriate thermal insulation materials is one of the simplest and, at the same time, the most popular strategies that effectively reduce the energy demand of buildings. Today, the spectrum of insulation materials is quite wide, and each material has its own specific characteristics. It is recognized that the selection of materials is one of the most challenging and difficult steps of a building project. This paper aims to give an in-depth view of existing multi-criteria decision-making (MCDM) applications for the selection of insulation materials and to provide major insights in order to simplify the process of methods and criteria selection for future research. A systematic literature review is performed based on the Search, Appraisal, Synthesis and Analysis (SALSA) framework and the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) statement. In order to determine which MCDM method is the most appropriate for different questions, the main advantages and disadvantages of different methods are provided.

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The use of multi-criteria decision-making methods in business analytics: A comprehensive literature review

Technological Forecasting and Social Change ◽

10.1016/j.techfore.2021.121193 ◽

2022 ◽

Vol 174 ◽

pp. 121193

Author(s):

Ahmet Selcuk Yalcin ◽

Huseyin Selcuk Kilic ◽

Dursun Delen

Keyword(s):

Decision Making ◽

Literature Review ◽

Multi Criteria Decision Making ◽

Business Analytics ◽

Comprehensive Literature Review

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A Multi-Criteria Decision-Making (MCDM) Approach Using Hybrid SCOR Metrics, AHP, and TOPSIS for Supplier Evaluation and Selection in the Gas and Oil Industry

Processes ◽

10.3390/pr6120252 ◽

2018 ◽

Vol 6 (12) ◽

pp. 252 ◽

Cited By ~ 14

Author(s):

Chia-Nan Wang ◽

Ying-Fang Huang ◽

I-Fang Cheng ◽

Van Nguyen

Keyword(s):

Decision Making ◽

Supplier Selection ◽

Raw Materials ◽

Oil Industry ◽

Supplier Evaluation ◽

Multi Criteria Decision Making ◽

Analytic Hierarchy ◽

Ahp Model ◽

Decision Making Unit ◽

Stability And Accuracy

Suppliers are extremely important in business operations. The supplier ensures the supply of materials, raw materials, commodities, etc. in sufficient quantity, quality, stability, and accuracy to meet the requirements of production and business with low costs and on-time deliveries. Therefore, selecting and managing good suppliers is a prerequisite for organizing the production of quality products as desired, according to the schedule, and with reasonable prices and competitiveness in the market. It is also important to gain the support of suppliers in order to continue to improve and achieve more as a business. The evaluation and selection of a supplier is a Multi-Criteria Decision-Making (MCDM) issue, in which the decision-maker is faced with both qualitative and quantitative factors. In this research, the authors propose an MCDM model using a hybrid of Supply Chain Operations Reference metrics (SCOR metrics), the Analytic Hierarchy Process (AHP) model, and the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) approach for supplier evaluation and selection in the gas and oil industry. Using literature reviews on SCOR metrics, all criteria that impact supplier selection are defined in the first stage, the AHP model is applied to determine the weight of each factor in the second stage, and the optimal supplier is presented in final stage using the TOPSIS model. As a result, Decision-Making Unit 5 (DMU-05) is found to be the best supplier for the gas and oil industry in this research. The contribution of this work is to propose a new hybrid MCDM model for supplier selection in the gas and oil industry. This research also introduces a useful tool for supplier selection in other industries.

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