IDEAS home Printed from https://ideas.repec.org/a/ids/ijbsre/v4y2010i1p94-116.html
   My bibliography  Save this article

Development and assessment of modified VIKOR method for multi-criteria single sourcing in supply chain

Author

Listed:
  • P. Parthiban
  • M. Punniyamoorthy
  • K. Ganesh
  • G. Ranga Janardhana

Abstract

The sourcing decision plays a major role in supply chain because raw materials/semi-finished goods cost constitute the key cost of final product. We develop a modified VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) method, a compromise ranking model for evaluation and selection of sourcing partners to handle the conflicting and non-commensurable set of criteria and to identify the solution close to ideal. The modified VIKOR method is compared with two multi-criteria decision-making methods: technique for order preference by similarity to an ideal solution (TOPSIS) and elimination and choice translating reality (ELECTRE). All the three approaches were illustrated and compared for a computer retail supply chain case study. The better results of modified VIKOR are validated.

Suggested Citation

  • P. Parthiban & M. Punniyamoorthy & K. Ganesh & G. Ranga Janardhana, 2010. "Development and assessment of modified VIKOR method for multi-criteria single sourcing in supply chain," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 4(1), pages 94-116.
  • Handle: RePEc:ids:ijbsre:v:4:y:2010:i:1:p:94-116
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=29950
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbsre:v:4:y:2010:i:1:p:94-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=206 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.