Suppliers Selection In Manufacturing Environment Using Range Of Value Method

Goutam Kumar Jha*, Prasenjit Chatterjee**, Rupsa Chatterjee***, ****
*-** MCKV Institute of Engineering, Liluah, Howrah, India.
*** Project Engineering Division, Linde India Ltd, Kolkata, India.
**** Department of Production Engineering, Jadavpur University, Kolkata, India.
Periodicity:May - July'2013
DOI : https://doi.org/10.26634/jme.3.3.2367

Abstract

Selection and evaluation of suppliers is a burning issue in the context of modern manufacturing environment to increase organizational competitiveness due to an extensive variety of customer demands. It has become more and more complicated to meet the challenges of international competitiveness, and as the decision makers need to assess a wide range of alternative suppliers based on a set of conflicting criteria. Because of these reasons, supplier selection has got considerable attention by the academicians and researchers. Although, a huge number of mathematical approaches is now available for supplier selection under discrete manufacturing environment, this paper explores the applicability of almost a new multi-criteria decision-making approach, i.e. range of value method (ROVM) for supplier selection. The proposed method is used to rank the alternative suppliers, for which several ordinal and cardinal requirements are considered simultaneously. Two illustrative examples are cited which prove that ROVM method can be very useful to solve real time supplier selection problems. In each example, a list of all the possible choices from the best to the worst suitable suppliers is obtained, which almost match with the rankings as derived by the past researchers.

Keywords

Supplier Selection, Multi-Criteria Decision Making, Range of Value Method

How to Cite this Article?

Jha, G. K., Chatterjee, P., Chatterjee, R., & Chakraborty, S. (2013). Suppliers Selection in Manufacturing Environment using Range of Value Method. i-manager's Journal on Mechanical Engineering, 3(3), 15-22. https://doi.org/10.26634/jme.3.3.2367

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