A MULTI CRITERIA DECISION MAKING MODEL FOR SELECTION OF SUPPLIER USING PREFERENCE
Keywords:
Multi Criteria Decision Making, Supplier Selection, Preference Selection Index MethodAbstract
The aim of the present work is to propose a multi criteria decision making (MCDM) methodology for selection of appropriate supplier. The proposed methodology is based on Preference Selection Index (PSI) method. In the proposed method preference selection index value is calculated for every supplier alternatives and appropriate supplier is selected as best candidate for a given application whose preference selection index value is the highest. One case study of supplier selection problem is presented to demonstrate and validate the applicability of the proposed methodology
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