A multi-criteria decision making approach for the selection of a flexible packaging equipment

Abstract

Flexible packaging is one of the fastest growing segments of the packaging industry, combining paper, plastic film and aluminum foil to deliver a broad array of products for food and beverage, personal care products, and pharmaceutical industries. In order to preserve the quality and safety of the product contained in them, there are currently a variety of flexible packaging equipment options available. However their relative costs and performance differ. This study proposes an application of a ranking methodology to assess a selection of the most suitable flexible packaging equipment. The adequate criteria in the selection of equipment have been identified, and the considered options are assessed, considering the decision maker's preferences and existing constraints. The options are ranked in terms of their suitability for selecting equipment by using the Electre III method. The results obtained from the simulation experiment highlight the effectiveness of the model in outranking different options in the process of equipment selection.