A strategic model using structural equation modeling and fuzzy logic in supplier selection |
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| Authors: | M Punniyamoorthy P Mathiyalagan P Parthiban |
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| Affiliation: | 1. Department of Management Studies, National Institute of Technology, Tiruchirappalli 620 015, Tamil Nadu, India;2. National Institute of Technology, Tiruchirappalli 620 015, Tamil Nadu, India;3. Department of Production Engineering, National Institute of Technology, Tiruchirappalli 620 015, Tamil Nadu, India;1. School of Business and Law, Edith Cowan University, 270 Joondalup Drive, Joondalup, Western Australia 6027;2. School of Business IT & Logistics, RMIT University, GPO Box 2476, Melbourne VIC 3001 Australia;3. Faculty of Management and Accounting, Islamic Azad University (IAU), Qazvin branch, Qazvin, 34185-1416, Iran;1. Graduate Institute of Environmental Engineering, National Taiwan University, 71 Chou-Shan Rd., Taipei 106, Taiwan;2. Research Center for Environmental Changes, Academia Sinica, 128 Academia Road, Section 2, Nankang, Taipei 115, Taiwan;1. Bucharest University of Economic Studies, Pia?a Roman?, 1st district, Bucharest 010374, Romania;2. Bucharest University of Economic Studies, Pia?a Roman?, 1st district, Bucharest 010374, Romania |
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| Abstract: | Supplier selection attained the state of paramount importance for companies in the current scenario because of increasing global competition. Improper selection of suppliers will have an adverse impact on the overall performance of the company. The number of available alternatives in the current market is on a rise, and hence it becomes difficult to select a supplier from among a large lot. An attempt has been made to develop a new composite model using structural equation modeling and fuzzy analytic hierarchy process technique, based on the results of a survey of 151 respondents. Based on the criteria that influence the selection of suppliers, the model has been developed. The study also examines the supplier selection criteria and measures the supplier selection score using the developed model. |
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