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Supplier Selection in Retail Industry using Vikor Method



Supplier selection is a continuous and never ending process for acquiring the necessary raw materials and components to support the final output of business organization. The aim of the study is developing a decision model to select appropriate suppliers for Retail industry by subjective judgments of decision makers into consideration. Proposed approach is based on Analytical Hierarchy Process (AHP) and VIKOR method. AHP method is used in determining the weights of criteria by decision makers and then rankings of the suppliers are determined by VIKOR method. In this context, a real time example is cited to illustrate the applicability and potentiality of the methods mentioned above.

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