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Lean Supplier Selection based on Hybrid MCGDM Approach using Interval Valued Neutrosophic Sets:A Case Study


Affiliations
1 Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A.P., India
2 Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A. P., India
 

In any manufacturing industry 60% - 70% of total cost of product pertains raw materials cost. Therefore selection of raw material supplier is very significant factor to improve quality of product as well as reducing total cost. Supplier selection considers various factors and numerous alternatives. However it is conflicting multi criteria decision making problem having various choices. The proposed multi criteria group decision making problem paves selection of best supplier among available. Linguistic variable associate with Interval Valued Neutrosophic Sets (IVNS) are used to derive criteria weights with aid of Analytical Hierarchy Process (AHP). Technique for Order Preference Similar to Ideal Solution (TOPSIS) ranks best supplier, Functions of IVNS distances and similarity measures performed in the present work.


Keywords

AHP, Interval Neutrosophic Values, MCGDM, Supplier, TOPSIS.
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  • Lean Supplier Selection based on Hybrid MCGDM Approach using Interval Valued Neutrosophic Sets:A Case Study

Abstract Views: 136  |  PDF Views: 5

Authors

P. Rajeswara Reddy
Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A.P., India
I. Naga Raju
Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A.P., India
V. Diwakar Reddy
Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A.P., India
G. Krishnaiah
Department of Mechanical Engineering, S.V.U College of Engineering, Tirupati, A. P., India

Abstract


In any manufacturing industry 60% - 70% of total cost of product pertains raw materials cost. Therefore selection of raw material supplier is very significant factor to improve quality of product as well as reducing total cost. Supplier selection considers various factors and numerous alternatives. However it is conflicting multi criteria decision making problem having various choices. The proposed multi criteria group decision making problem paves selection of best supplier among available. Linguistic variable associate with Interval Valued Neutrosophic Sets (IVNS) are used to derive criteria weights with aid of Analytical Hierarchy Process (AHP). Technique for Order Preference Similar to Ideal Solution (TOPSIS) ranks best supplier, Functions of IVNS distances and similarity measures performed in the present work.


Keywords


AHP, Interval Neutrosophic Values, MCGDM, Supplier, TOPSIS.