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Pages:
5 pages/≈1375 words
Sources:
1 Source
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 21.6
Topic:

Multi-Criteria Decision-Making Approach (MCDA) for Supplier Selection

Essay Instructions:

please read the instructions carefully and answer.

  • The Assignment must be submitted (WORD format only)
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

Assignment Instructions:

Title: A Rough Multi-Criteria Decision-Making Approach for Sustainable Supplier Selection under Vague Environment: A Case Study attached.

Author: Huiyun Lu , Shaojun Jiang , Wenyan Song, Xinguo Ming

Date: 26 July 2018 

Assignment Questions:

Read the above case study and answer the following Questions:    

Question 1: Explain the decision-making approach discussed in this case study (250 words)

Question 2: Why supplier selection is a typical multi-criteria decision-making process involving subjectivity and vagueness? (250 words)

Question 3: Discuss the Sustainable supplier selection that is required for manufacturing companies. (250 words)

Question 4: Why Supplier selection decisions are important for most of the manufacturing firms? (250 words)                                                                                        

Question 5: What is your opinion about this study and how it is connected to course and beneficial for you? (250 words)

 

 

 

Essay Sample Content Preview:

Research Paper Responses
Author’s Name
The Institutional Affiliation
Course Number and Name
Instructor Name
Assignment Due Date
Research Paper Responses
Response 1
The study conducted by Lu et al. (2018) investigates a multi-criteria decision-making approach (MCDA) for supplier selection. MCDA is a systematic process to examine different choices available for a research area while encountering a particular situation. The choices would apply the most suitable decision to address gaps and serve as a solution to emerging problems. The study used the MCDA model to address social and environmental issues emerging in building sustainable supply chain management (SSCM) for manufacturing companies (Lu et al., 2018).
First, MCDA would define the decision opportunity for the researchers. The provided study used MCDA to address rising ecological challenges through SSCM and build competitive advantages for manufacturing companies (Lu et al., 2018). Second, MCDA would identify the fundamental interests of stakeholders while addressing the challenges. The study identified environmentalists, customers, legislative bodies, and other social players as the stakeholders for manufacturing companies that experience ecological pressures (Lu et al., 2018).
Subsequently, MCDA would create a decision framework for the subject audience. Lu et al. (2018) created an ‘Elimination Et Choix Traduisant la Realite (ELECTRE)’ framework to examine different alternatives through various matrices while measuring the choices. The researchers would rate the alternatives in the MCDA process. The researchers assigned weights based on social, economic, and environmental parameters. Lastly, the researchers would score the alternatives based on stakeholder interests. The weights would determine the most suitable alternative for the researchers to reach a concrete decision while addressing gaps and capitalizing on the opportunity for the subject audience.
Response 2
MCDA is a progressive process of making complex decisions for companies experiencing external pressures and dilemmas. The provided case used MCDA to apply SSCM methods for manufacturing companies. However, the authors claimed that MCDA is subjective and vague to apply to problem-solving situations. First, the criteria for decision-making could raise conflicts for different stakeholders regarding the subject. For instance, the research identified that SSCM requires detailed supplier evaluation. However, suppliers involve immense linguistic information and require subjective expert knowledge to ensure precision in the decision-making process. However, the expert knowledge could vary based on the previous experiences of decision-makers, causing a conflict among stakeholders while selecting a suitable alternative through MCDA (Lu et al., 2018). As a result, MCDA becomes subjective and creates vagueness for decision-makers.
Secondly, MCDA depends on previous information, trends, and external influences on functions, which mitigates flexibility for decision-makers. For instance, the research identified that experts could have different experiences, which could raise a conflict (Lu et al., 2018). However, MCDA creates a further problem of change in opinions due to the i...
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