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An integrated supplier selection approach incorporating decision maker’s risk attitude using ANN, AHP and TOPSIS methods

Chunxia Yu (School of Economics and Management, China University of Petroleum, Changping-qu, China)
Zhiqin Zou (School of Economics and Management, China University of Petroleum, Changping-qu, China)
Yifan Shao (School of Economics and Management, China University of Petroleum, Changping-qu, China)
Fengli Zhang (College of Mechanical and Transportation Engineering, China University of Petroleum, Changping-qu, China)

Kybernetes

ISSN: 0368-492X

Article publication date: 11 October 2019

Issue publication date: 5 September 2020

Abstract

Purpose

The purpose of this paper is to develop a novel integrated supplier selection approach incorporating decision maker’s risk attitude using the artificial neural network (ANN), analytic hierarchy process (AHP) and technique for order of preference by similarity to ideal solution (TOPSIS) methods.

Design/methodology/approach

In the proposed approach, the ANN model is used to classify decision maker’s risk attitude; the fuzzy AHP method is used to determine the relative weights of evaluation criteria; and the fuzzy TOPSIS method is used to evaluate ratings of suppliers. Finally, experiments are conducted to verify the feasibility and efficiency of the proposed integrated approach.

Findings

Experiments results show that the proposed integrated approach is effective and efficient to help decision makers to select suitable suppliers according to their risk attitudes.

Originality/value

The aim of this paper is to develop a novel integrated supplier selection approach incorporating decision maker’s risk attitude using the ANN, AHP and TOPSIS methods. The decision maker’s risk attitude toward procurement transaction is originally considered in supplier selection process.

Keywords

Acknowledgements

The authors would like to acknowledge the financial support of the National Natural Science Foundation of China (No. 71501187).

Citation

Yu, C., Zou, Z., Shao, Y. and Zhang, F. (2020), "An integrated supplier selection approach incorporating decision maker’s risk attitude using ANN, AHP and TOPSIS methods", Kybernetes, Vol. 49 No. 9, pp. 2263-2284. https://doi.org/10.1108/K-04-2019-0223

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited