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Virtual enterprise partner selection integrating LINMAP and TOPSIS

Author

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  • Jiu-Ying Dong

    (School of Statistics, Jiangxi University of Finance and Economics
    Research Center of Applied Statistics, Jiangxi University of Finance and Economics)

  • Shu-Ping Wan

    (College of Information Technology, Jiangxi University of Finance and Economics)

Abstract

Virtual enterprise (VE) has become an ever-increasing trend in today’s highly competitive markets. A more scientific decision-making process for selecting partner is very important during the formation phase of VE. Partner selection is formulated as a type of fuzzy hybrid multi-criteria group decision-making problems with fuzzy truth degrees of alternatives’ comparisons represented as trapezoidal fuzzy numbers (TrFNs). Integrating Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and Linear Programming Technique for Multidimensional Analysis of Preference (LINMAP), we use the relative closeness degrees to define fuzzy consistency and inconsistency indices. The decision makers’ weight vector is derived by using the relative entropy. Criteria weights are estimated through constructing a new fuzzy linear programming model with TrFNs, which is solved by the developed fast and efficient method. Collective ranking matrix of alternatives is generated through constructing multi-objective assignment model. Example analysis demonstrates the effectiveness of the proposed method.

Suggested Citation

  • Jiu-Ying Dong & Shu-Ping Wan, 2016. "Virtual enterprise partner selection integrating LINMAP and TOPSIS," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 67(10), pages 1288-1308, October.
    • Handle: RePEc:pal:jorsoc:v:67:y:2016:i:10:d:10.1057_jors.2016.22
    DOI: 10.1057/jors.2016.22
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    References listed on IDEAS

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    1. Wan, Shu-Ping & Li, Deng-Feng, 2013. "Fuzzy LINMAP approach to heterogeneous MADM considering comparisons of alternatives with hesitation degrees," Omega, Elsevier, vol. 41(6), pages 925-940.
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    4. V. Srinivasan & Allan Shocker, 1973. "Linear programming techniques for multidimensional analysis of preferences," Psychometrika, Springer;The Psychometric Society, vol. 38(3), pages 337-369, September.
    5. Wang, Tien-Chin & Chen, Yueh-Hsiang, 2007. "Applying consistent fuzzy preference relations to partnership selection," Omega, Elsevier, vol. 35(4), pages 384-388, August.
    6. Wu, Chong & Barnes, David, 2010. "Formulating partner selection criteria for agile supply chains: A Dempster-Shafer belief acceptability optimisation approach," International Journal of Production Economics, Elsevier, vol. 125(2), pages 284-293, June.
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    Cited by:

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