Title :
Comparison and Prioritization among Evaluation Models with Principal Component Analysis in Suppliers Selecting
Author :
Liu, Zheng ; Xu, Qi
Author_Institution :
Glorious Sun Sch. of Bus. & Manage., Dong Hua Univ., Shanghai, China
Abstract :
In modern automotive industry supply chain, selecting suitable suppliers should have strategic view. However, it is multi-objective decisions which have many factors to be given consideration. Evaluation model is a way to realize scientific decision-making. In this paper, principal component analysis should be used to preprocess, and then make an analysis of the integrated evaluation method, TOPSIS method and ELECTRE method. At last, social choice method can judge which method is more credible when the results are inconsistent.
Keywords :
automobile industry; principal component analysis; supply chain management; ELECTRE method; TOPSIS method; automotive industry supply chain; elimination and choice expressing reality; evaluation model; principal component analysis; social choice method; supplier selection; technique for order preference by similarity to ideal solution; Decision making; Indexes; Industries; Principal component analysis; Reliability; Supply chains;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5999373
