Multicriteria decision group model for the selection of suppliers

Abstract

Several authors have been studying group decision making over the years, which indicates how relevant it is. This paper presents a multicriteria group decision model based on ELECTRE IV and VIP Analysis methods, to those cases where there is great divergence among the decision makers. This model includes two stages. In the first, the ELECTRE IV method is applied and a collective criteria ranking is obtained. In the second, using criteria ranking, VIP Analysis is applied and the alternatives are selected. To illustrate the model, a numerical application in the context of the selection of suppliers in project management is used. The suppliers that form part of the project team have a crucial role in project management. They are involved in a network of connected activities that can jeopardize the success of the project, if they are not undertaken in an appropriate way. The question tackled is how to select service suppliers for a project on behalf of an enterprise that assists the multiple objectives of the decision-makers.