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Ranking Factors For Supplier Selection With Application Of The Ftopsis Method

Author

Listed:
  • Adis Puska

    (College of Computer Science and Business Communications eMPIRICA)

  • Sead Sadic

    (PHI Health Center Brcko)

  • Admir I. Beganovic

    (The University of Business Studies Banja Luka)

Abstract

The first step in starting each production is the choice of suppliers. The choice of suppliers is influenced by many factors that differ depending on whether it is the first relationship with suppliers or it is about establishing partnerships with suppliers. Factors influencing selection are different and depend on business cooperation with suppliers themselves. Unlike other works, this paper applies expert judgment in the rankings of supplier selection factors. Experts include those scientists who published scientific papers on this subject by the prestigious Elsevier publishing house. Experts were assigned a survey questionnaire containing 39 factors for supplier selection to which they gave their opinion on which of these factors is important for establishing new cooperation or establishing partnerships with suppliers. The answers received were processed and the factors were ranked using the fuzzy TOPSIS method. The results showed that various factors are used in this cooperation with suppliers.

Suggested Citation

  • Adis Puska & Sead Sadic & Admir I. Beganovic, 2017. "Ranking Factors For Supplier Selection With Application Of The Ftopsis Method," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 15(1), pages 63-73, May.
  • Handle: RePEc:tuz:journl:v:15:y:2017:i:1:p:63-73
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    More about this item

    Keywords

    Supplier selection; Expert opinion; Fuzzy TOPSIS;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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