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Published in:

Volume 8 Issue 2
February-2021
eISSN: 2349-5162

Unique Identifier

JETIR2102149

Page Number

1271-1275

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Title

Evaluating Alternatives Using ARAS Method Integrated with Entropy Weight Method for Vendor Selection in Supply Chain Management

ISSN

2349-5162

Cite This Article

"Evaluating Alternatives Using ARAS Method Integrated with Entropy Weight Method for Vendor Selection in Supply Chain Management", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 2, page no.1271-1275, February-2021, Available :http://www.jetir.org/papers/JETIR2102149.pdf

Abstract

Vendor selection has been a vital issue for any manufacturing organization. It’s always been a challenging task for decision-maker to find out the most suitable vendor for supply among the many numbers, which is based on different types of evaluation processes and criteria. Although numbers of multiple criteria decisions making (MCDM) methods are available for solving the MCDM problem, it’s observed that in most of these methods the ranking results are very sensitive to the changes in the attribute weights. The aim of this paper is to describe the applications of Additive Ratio Assessment (ARAS) methods for solving the vendor selection problem, integrated with Entropy Weight Method, which is used to carry out the individual weights of the criteria. Further to understand the procedure of linking these two methods are explained with the help of an illustrative example, the ranking performance of mentioned methods is calculated and compared with each other. In the illustrative example, a manufacturing firm is looking to select the most suitable vendor for supply among the five-vendor based on four different criteria as Quality, Price/Cost, Delivery, and Service.

Key Words

Vendor Selection, ARAS, Entropy Weight Method, Supply Chain Management.

Cite This Article

"Evaluating Alternatives Using ARAS Method Integrated with Entropy Weight Method for Vendor Selection in Supply Chain Management", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp1271-1275, February-2021, Available at : http://www.jetir.org/papers/JETIR2102149.pdf

Publication Details

Published Paper ID: JETIR2102149
Registration ID: 306240
Published In: Volume 8 | Issue 2 | Year February-2021
DOI (Digital Object Identifier):
Page No: 1271-1275
ISSN Number: 2349-5162

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Cite This Article

"Evaluating Alternatives Using ARAS Method Integrated with Entropy Weight Method for Vendor Selection in Supply Chain Management", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp1271-1275, February-2021, Available at : http://www.jetir.org/papers/JETIR2102149.pdf




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