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Research on Supplier Evaluation Based on Entropy Method and TOPSIS

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DOI: 10.23977/ferm.2021.040510 | Downloads: 12 | Views: 948

Author(s)

Zhou Di 1

Affiliation(s)

1 School of information and communication engineering, Beijing University of Posts and telecommunications, Beijing, 100876

Corresponding Author

Zhou Di

ABSTRACT

When purchasing raw materials, production enterprises should fully consider the reliability of suppliers, so as to enable enterprises to achieve the highest profits while operating normally. This paper makes a self-made scoring system and establishes an evaluation model of influencing factors. Analyze the influencing factors that affect the importance of suppliers on the known data sheets as the evaluation criteria. According to the supplier's ordering and supply data, a scoring system was made, and the scores of 402 suppliers were used as the original information matrix of entropy weight method to determine the weights. The TOPSIS model was established to evaluate the importance of 402 suppliers.

KEYWORDS

entropy method, TOPSIS, supply chain analysis

CITE THIS PAPER

Zhou Di. Research on Supplier Evaluation Based on Entropy Method and TOPSIS. Financial Engineering and Risk Management (2021) 4: 82-85. DOI: http://dx.doi.org/10.23977/ferm.2021.040510.

REFERENCES

[1] Liguo Liu, Liang Bingnan. Evaluation of supplier selection of hydraulic test bench based on entropy weight -TOPSIS model [J]. Machine Tool and Hydraulics, 2020, 48(11): 99-102.
[2] Jiang Qiwei and Jin Qin. Optimization model and algorithm of supplier selection and order quantity allocation under uncertain demand environment. System Engineering. Vol.28, No.10.2010.10.
[3] Shen Houcai, Johnny, Li Juan. Research on Retailer's Ordering Decision with Fair Sense. Chinese Management Science. Vol.22, No.8.2014.08.

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