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Algorithms 2018, 11(5), 63; https://doi.org/10.3390/a11050063

The Supplier Selection of the Marine Rescue Equipment Based on the Analytic Hierarchy Process (AHP)-Limited Diversity Factors Method

1
School of Economics and Management, Harbin Engineering University, Harbin 150001, China
2
College of Economics and Management, Heilongjiang Institute of Technology, Harbin 150050, China
*
Author to whom correspondence should be addressed.
Received: 23 February 2018 / Revised: 18 April 2018 / Accepted: 3 May 2018 / Published: 4 May 2018
(This article belongs to the Special Issue Algorithms for Decision Making)
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Abstract

Supplier selection is an important decision-making link in bidding activity. When overall scores of several suppliers are similar, it is hard to obtain an accurate ranking of these suppliers. Applying the Diversity Factors Method (Diversity Factors Method, DFM) may lead to over correction of weights, which would degrade the capability of indexes to reflect the importance. A Limited Diversity Factors Method (Limited Diversity Factors Method, LDFM) based on entropy is presented in this paper in order to adjust the weights, in order to relieve the over correction in DFM and to improve the capability of identification of indexes in supplier selection. An example of salvage ship bidding demonstrates the advantages of the LDFM, in which the raking of overall scores of suppliers is more accurate. View Full-Text
Keywords: Analytic Hierarchy Process (AHP); entropy method; supplier selection; the limited diversity method; weight correction Analytic Hierarchy Process (AHP); entropy method; supplier selection; the limited diversity method; weight correction
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Shao, M.; Song, Y.; Wu, B.; Chang, Y. The Supplier Selection of the Marine Rescue Equipment Based on the Analytic Hierarchy Process (AHP)-Limited Diversity Factors Method. Algorithms 2018, 11, 63.

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