Sustainable supplier selection for battery manufacturing industry: A MOORA and WASPAS Based Approach

Abstract

Abstract The aim of present research work is to hybrid the “MOORA and WASPAS” MCDM methods in the sustainable vendor’s selection & evaluation decision. It also considers the feedback impact of the decision on strategic variables that determine the future viability of the case company in the competitive business environment. MCDM strategic decision framework is applied that considers simultaneously the influence of criteria and sub-criteria on the sustainable vendor evaluation decision. The developed framework is evaluated, and criteria weight is determined using the step-wise weight assessment ratio (SWARA) method. The MOORA & WASPAS consider the influence of criteria, sub-criteria and their interdependencies simultaneously in the system. The results of the model is the relative priorities ad ranking developed for the suppliers. The present research has been conducted in a battery manufacturing company of Punjab state of India. The influence of dimension of sustainability dimensions would be widespread due to the big market in which the case company operates. The outcome the present work can provide support to the managers who are decision makers in the industries. The framework present in the research arriving at an optimal sound decision considering all sustainability applicable dimensions. The novelty of the approach lies in the use of different MCDM model integrating the dimension of sustainability with a feedback effect for vendor selection. The industry would be benefited by showing its commitment toward social responsibility, environment management, and economic aspects leading to improved market image and profitable business with sustainability.