Open AccessSelection of an Optimal Supplier
Author(s) -
Predrag Ćosić,
Zdenka Keran,
Vedran Kokot
Publication year - 2020
Publication title -
tehnički glasnik
Language(s) - English
Resource type - Journals
eISSN - 1848-5588
pISSN - 1846-6168
DOI - 10.31803/tg-20201120120037
Subject(s) - multiple criteria decision analysis , selection (genetic algorithm) , analytic hierarchy process , computer science , consistency (knowledge bases) , task (project management) , operations research , process (computing) , electre , production (economics) , key (lock) , supplier evaluation , management science , process management , engineering , artificial intelligence , systems engineering , business , economics , supply chain , supply chain management , marketing , microeconomics , computer security , operating system
The paper describes the selection of an optimal supplier from China based on three obtained bids to produce 120,000 forged pieces, which is the primary process for shaft production. The choice was made using the AHP method based on the Expert Choice software program and Multiple-Criteria Decision-Making (MCDM). The key information when choosing the optimal supplier of large number of forgings is to define the objective of the task, decision tree with weighted criteria and sub-criteria, consistency checking and possible reconsideration using brain storming when defining the strength of criteria/sub-criteria. To some extent, this may reduce initial subjectivity in the decision-making process in the Decision Support System.