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Purpose: In this article, we combine this new approach based on the concepts of Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to evaluate and select the best supplier. Design/methodology/approach: Supplier evaluation is a Multi-Attribute Decision-Making (MADM) problem that is affected by quantitative and qualitative factors, some of which may conflict. Since most of the input...
Purpose: The lack of organizational effort to assess cultural compatibility or fit prior to the engagement of firms has contributed to the failure of several mergers and acquisition. A Korean public listed company with manufacturing plants in Malaysia and New Zealand found that the performances of the newly acquired plants were significantly lower than the manufacturing plants in Korea. Design/methodology/approach:...
Purpose: The problem includes the three objective functions: minimizing the total cost, the net rejected items and the inverse total value of purchasing (TVP), while satisfying capacity and demand requirement constraints. Design/methodology/approach: The model is established for supplier selection problem and later the proposed single objective model is used to calculate the optimum order quantities...
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