IDEAS home Printed from https://ideas.repec.org/a/ids/ijpman/v5y2012i6p784-796.html
   My bibliography  Save this article

A heuristic method for supplier selection using AHP, entropy and TOPSIS

Author

Listed:
  • Manas Ranjan Pani
  • Rakesh Verma
  • G. Sahoo

Abstract

Purchasing is the primary point of contact with most supply-chain partners and thus among the most important activities. The decisions taken at the purchasing stage has a great impact on the overall supply-chain and production planning processes and on the overall performance of the firm. Thus, studies in decision support can have a huge positive impact in the processes in procurement. In this paper, we apply a proposed heuristic method (AET) as a combination of AHP (analytical hierarchy procedure), entropy, and technique for order preference by similarity to an ideal solution (TOPSIS) to select the best supplier. Finally a hypothetical case has been used to demonstrate the concept while choosing a supplier using the proposed AET model.

Suggested Citation

  • Manas Ranjan Pani & Rakesh Verma & G. Sahoo, 2012. "A heuristic method for supplier selection using AHP, entropy and TOPSIS," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 5(6), pages 784-796.
    • Handle: RePEc:ids:ijpman:v:5:y:2012:i:6:p:784-796
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=49715
    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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amel Alić & Haris Cerić & Sedin Habibović, 2018. "Interdisciplinary View into Optimism and Pessimism in Emic Perspective," European Journal of Interdisciplinary Studies Articles, Revistia Research and Publishing, vol. 4, January -.

    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:ijpman:v:5:y:2012:i:6:p:784-796. 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=255 .

    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.