A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection
How to select the right suppliers has become a crucial strategic decision for manufacturing companies facing various performance measures. This study proposed a hybrid selection model integrating factor analysis, structural equation modeling (SEM), and the fuzzy Technique for Order Performance by Si...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-09-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/10/19/3505 |
| _version_ | 1827654045914890240 |
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| author | Hongyi Sun Bingqian Zhang Wenbin Ni |
| author_facet | Hongyi Sun Bingqian Zhang Wenbin Ni |
| author_sort | Hongyi Sun |
| collection | DOAJ |
| description | How to select the right suppliers has become a crucial strategic decision for manufacturing companies facing various performance measures. This study proposed a hybrid selection model integrating factor analysis, structural equation modeling (SEM), and the fuzzy Technique for Order Performance by Similarity to Ideal Solution to (TOPSIS) design a supplier selection model. The study distilled 70 original selection criteria from the relevant literature and identified eight main influencing factors based on factor analysis. The relevance of factors was evaluated by SEM and the performance of suppliers assessed by fuzzy TOPSIS. The model was applied in a manufacturing company in China to verify its practical significance. By combining different methods, the model can select relevant and important supplier selection criteria and include unquantifiable, incomplete, and vague information in the decision model. The hybrid model merges the advantages of each method and takes into account of uncertainty associated with supplier selection process. |
| first_indexed | 2024-03-09T21:29:02Z |
| format | Article |
| id | doaj.art-e7a394e034ec428f9535be73c4807744 |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-09T21:29:02Z |
| publishDate | 2022-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-e7a394e034ec428f9535be73c48077442023-11-23T21:02:38ZengMDPI AGMathematics2227-73902022-09-011019350510.3390/math10193505A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier SelectionHongyi Sun0Bingqian Zhang1Wenbin Ni2Department of Advanced Design and Systems Engineering, City University of Hong Kong, Hong Kong 999017, ChinaDepartment of Advanced Design and Systems Engineering, City University of Hong Kong, Hong Kong 999017, ChinaSchool of Business Administration, Zhejiang University of Finance & Economics, Hangzhou 310018, ChinaHow to select the right suppliers has become a crucial strategic decision for manufacturing companies facing various performance measures. This study proposed a hybrid selection model integrating factor analysis, structural equation modeling (SEM), and the fuzzy Technique for Order Performance by Similarity to Ideal Solution to (TOPSIS) design a supplier selection model. The study distilled 70 original selection criteria from the relevant literature and identified eight main influencing factors based on factor analysis. The relevance of factors was evaluated by SEM and the performance of suppliers assessed by fuzzy TOPSIS. The model was applied in a manufacturing company in China to verify its practical significance. By combining different methods, the model can select relevant and important supplier selection criteria and include unquantifiable, incomplete, and vague information in the decision model. The hybrid model merges the advantages of each method and takes into account of uncertainty associated with supplier selection process.https://www.mdpi.com/2227-7390/10/19/3505supplier selectionfactor analysisfuzzy TOPSISmanufacturing industry |
| spellingShingle | Hongyi Sun Bingqian Zhang Wenbin Ni A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection Mathematics supplier selection factor analysis fuzzy TOPSIS manufacturing industry |
| title | A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection |
| title_full | A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection |
| title_fullStr | A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection |
| title_full_unstemmed | A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection |
| title_short | A Hybrid Model Based on SEM and Fuzzy TOPSIS for Supplier Selection |
| title_sort | hybrid model based on sem and fuzzy topsis for supplier selection |
| topic | supplier selection factor analysis fuzzy TOPSIS manufacturing industry |
| url | https://www.mdpi.com/2227-7390/10/19/3505 |
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