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A Novel Method for Multiple Criteria Analysis: Grey Additive Ratio Assessment (ARAS-G) Method
Volume 21, Issue 4 (2010), pp. 597–610
Zenonas Turskis   Edmundas Kazimieras Zavadskas  

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https://doi.org/10.15388/Informatica.2010.307
Pub. online: 1 January 2010      Type: Research Article     

Received
1 February 2010
Accepted
1 September 2010
Published
1 January 2010

Abstract

The paper presents the process of the selection of a potential supplier, which have to be the most appropriate to stakeholders. The selection is based on a set of criteria: Delivery Price, Financial Position, Production Specifications, Standards and Relevant Certificates, Commercial Strength, and the Performance of supplier, etc. The criteria for evaluation and their importance are selected by taking into consideration the interests and goals of the stakeholders. The solution of problem was made by applying a new Additive Ratio ASsessment (ARAS) method with the grey criteria scores – ARAS-G method. The proposed technique could be applied to substantiate the selection of effective alternative of sustainable development, impact on environment, structures, technologies, investments, etc.

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Keywords
operation research decision making grey relations multiple criteria MCDM alternative supplier selection evaluation weights Additive Ratio Assessment ARAS ARAS-G

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INFORMATICA

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