Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods
TThe supply chain forms the backbone of any organization. However, the effectiveness and efficiency of every activity get manifested in the financial outcome. Hence, measuring supply chain performance using financial metrics carries significance. The purpose of this paper is to carry out a comparati...
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| Format: | Article |
| Language: | English |
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Regional Association for Security and crisis management
2020-10-01
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| Series: | Decision Making: Applications in Management and Engineering |
| Subjects: | |
| Online Access: | https://dmame.rabek.org/index.php/dmame/article/view/133 |
| _version_ | 1818589346358362112 |
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| author | Sanjib Biswas |
| author_facet | Sanjib Biswas |
| author_sort | Sanjib Biswas |
| collection | DOAJ |
| description | TThe supply chain forms the backbone of any organization. However, the effectiveness and efficiency of every activity get manifested in the financial outcome. Hence, measuring supply chain performance using financial metrics carries significance. The purpose of this paper is to carry out a comparative analysis of supply chain performances of leading healthcare organizations in India. In this regard, this paper presents an integrated multi-criteria decision making (MCDM) framework wherein we derive the weights of the criteria based on experts’ opinions using PIvot Pairwise RElative Criteria Importance Assessment (PIPRECIA) method. We then apply three distinct frameworks such as Multi-Attributive Border Approximation area Comparison (MABAC), Combined Compromise Solution (CoCoSo) and Measurement of alternatives and ranking according to COmpromise solution (MARCOS) for ranking purpose. In this context, this paper presents a comparative analysis of the results obtained from these approaches. The results show that large cap firms do not necessarily perform well. Further, the results of three MCDM frameworks demonstrates consistency. |
| first_indexed | 2024-12-16T09:39:11Z |
| format | Article |
| id | doaj.art-34372d8fc6014f0cbef557f0eab7df78 |
| institution | Directory Open Access Journal |
| issn | 2560-6018 2620-0104 |
| language | English |
| last_indexed | 2024-12-16T09:39:11Z |
| publishDate | 2020-10-01 |
| publisher | Regional Association for Security and crisis management |
| record_format | Article |
| series | Decision Making: Applications in Management and Engineering |
| spelling | doaj.art-34372d8fc6014f0cbef557f0eab7df782022-12-21T22:36:19ZengRegional Association for Security and crisis managementDecision Making: Applications in Management and Engineering2560-60182620-01042020-10-013216218910.31181/dmame2003162b133Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methodsSanjib Biswas0Calcutta Business School, West Bengal, IndiaTThe supply chain forms the backbone of any organization. However, the effectiveness and efficiency of every activity get manifested in the financial outcome. Hence, measuring supply chain performance using financial metrics carries significance. The purpose of this paper is to carry out a comparative analysis of supply chain performances of leading healthcare organizations in India. In this regard, this paper presents an integrated multi-criteria decision making (MCDM) framework wherein we derive the weights of the criteria based on experts’ opinions using PIvot Pairwise RElative Criteria Importance Assessment (PIPRECIA) method. We then apply three distinct frameworks such as Multi-Attributive Border Approximation area Comparison (MABAC), Combined Compromise Solution (CoCoSo) and Measurement of alternatives and ranking according to COmpromise solution (MARCOS) for ranking purpose. In this context, this paper presents a comparative analysis of the results obtained from these approaches. The results show that large cap firms do not necessarily perform well. Further, the results of three MCDM frameworks demonstrates consistency.https://dmame.rabek.org/index.php/dmame/article/view/133healthcare supply chain, financial metrics, piprecia, mabac, cocoso, marcos |
| spellingShingle | Sanjib Biswas Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods Decision Making: Applications in Management and Engineering healthcare supply chain, financial metrics, piprecia, mabac, cocoso, marcos |
| title | Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods |
| title_full | Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods |
| title_fullStr | Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods |
| title_full_unstemmed | Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods |
| title_short | Measuring performance of healthcare supply chains in India: A comparative analysis of multi-criteria decision making methods |
| title_sort | measuring performance of healthcare supply chains in india a comparative analysis of multi criteria decision making methods |
| topic | healthcare supply chain, financial metrics, piprecia, mabac, cocoso, marcos |
| url | https://dmame.rabek.org/index.php/dmame/article/view/133 |
| work_keys_str_mv | AT sanjibbiswas measuringperformanceofhealthcaresupplychainsinindiaacomparativeanalysisofmulticriteriadecisionmakingmethods |