Evaluation of New Product Selection Indices System Based on Analytic Network Process in ERP

New product selection is evaluated as a critical factor in Enterprise Resource Planning (ERP). There may be dependence and feedback among factors of new product selection evaluation indices system. In this study, analytic network process (ANP) was adopted to model a multi-criteria new product selection evaluation indices system with dependence and feedback. The criteria were included into the model to rate benefits, opportunities, costs and risks (BOCR). Final synthesis of alternatives was obtained by using rated BOCR. The proposed approach can be adopted as an evaluation tool by decision-makers in systems which include feedback and dependence.