Multi-attribute decision-making methods based on normal random variables in supply chain risk management

Abstract

Abstract Random multi-attribute decision-making is a finite option selection problem related to multiple attributes, and the attribute values are random variables. Its application and supply chain risk management can transform interval decision numbers and fuzzy decision numbers into standardised decisions. Based on this research background, the article provides a primary method to determine the randomness of standard random variables based on expectations and variance through theoretical analysis. Second, the article determines the range of the total utility value of each supply chain selection plan based on the 3σ principle. Experiments have proved that this method can solve unifying opinions due to different knowledge, experience, and preferences of evaluation experts. This provides a new method of supplier selection.