Journal of Supply Chain Management Systems

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A New MADM Approach to Ranking Suppliers Based on Performance


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1 Business Studies and Development Office, Saipayadak (Saipa after sales services), Iran, Islamic Republic of
     

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One of the negative effects of cooperation with poor suppliers is damaging the brand image, whereas the poor suppliers do not accept the responsibility of those damages. In this paper, to resolve this limitation, a new MADM approach (Weighted Product Model) is proposed. The Weighted Product Model (WPM) is an effective approach in dealing with this kind of decision problem, because in the proposed approach, system with poor performance in some attributes is penalised more heavily. Therefore, the application of the WPM in supplier selection field is the aim of this paper. The main findings of this study confirm the effectiveness of the proposed models.

Keywords

MADM, Weighted Product Model (WPM), Supplier Selection Problem.
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  • A New MADM Approach to Ranking Suppliers Based on Performance

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Authors

Mohammad Azadfallah
Business Studies and Development Office, Saipayadak (Saipa after sales services), Iran, Islamic Republic of

Abstract


One of the negative effects of cooperation with poor suppliers is damaging the brand image, whereas the poor suppliers do not accept the responsibility of those damages. In this paper, to resolve this limitation, a new MADM approach (Weighted Product Model) is proposed. The Weighted Product Model (WPM) is an effective approach in dealing with this kind of decision problem, because in the proposed approach, system with poor performance in some attributes is penalised more heavily. Therefore, the application of the WPM in supplier selection field is the aim of this paper. The main findings of this study confirm the effectiveness of the proposed models.

Keywords


MADM, Weighted Product Model (WPM), Supplier Selection Problem.

References