Application of the characteristic objects method in supply chain management and logistics

Abstract

This paper presents a new multi-criteria decision-making method: the Characteristic Objects method. This approach is an alternative for AHP, TOPSIS, ELECTRE or PROMETHEE methods. The paper presents the possibility of using the Characteristic Objects Method (COMET method) in supply chain management (SCM) and Logistics. For this purpose, a brief review of the literature is shown. Then the COMET method is presented in detail. At the end of the paper, a simple problem is solved by using COMET method.