Hybrid Methods for Selecting Precast Concrete Suppliers Based on Factory Capacity

Supplier selection is one of the critical processes that entail multiple complex deliberations. The selection of an appropriate alternative supplier is a highly intricate process, primarily due to there being multiple criteria which are exceptionally subjective. This paper aims to develop a practical framework for choosing a suitable precast supplier by integrating the Value Engineering (VE) concept, Stepwise Weight Assessment Ratio Analysis (SWARA), and the Weighted Aggregated Sum Product Assessment (WASPAS) technique. This paper introduces a novel method to estimate the quality weights of alternative suppliers’ criteria (CQW) by linking factory capacity with the coefficients of the nine significant criteria, computed using principal component analysis (PCA). None of the formal studies make this link directly. The framework’s findings were validated by comparing its results with an expert assessment of five Saudi supplier alternatives. The results revealed that the framework’s results agree with the expert’s judgment. The method of payment criterion received the highest weight, indicating that it was considered the most important of the nine criteria identified. Combining PCA and VE with the WASPAS technique resulted in an unprecedentedly effective selection tool for precast suppliers.