Research on Supplier Evaluation Based on Entropy Method and TOPSIS
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 DiABSTRACT
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 analysisCITE 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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