Hybrid MCDM Approaches for Sustainable Supplier Selection from the Economic and Environmental Aspects

Abstract

Supply chain design is essential while considering environmental and economic issues in order to prevent negative environmental impacts induced by increasing levels of industrialization. A novel sustainable supply chain design strategy is offered in this research to address the trade-offs between environmental and economical concerns. One of the most important operational tasks in the construction of a green SCM is the identification of sustainable suppliers. Although many studies have considered economic criteria like cost, quality and lead time to select suppliers, just a few have taken environmental and social factors into account. This study suggests a number of integrated Multi-Criteria Decision Making (MCDM) methods for choosing and assessing environmentally and economically responsible suppliers. Various approaches of MCDM such as SAW, WASPAS, TOPSIS, and GRA are used in the suggested methodology.