A supply risk perspective integrated sustainable supplier selection model in the intuitionistic fuzzy environment.

ABSTRACT

With the recent focus on supply risk management in sustainable supply chains, it is more important than ever to evaluate and select the right sustainable suppliers from a supply risk perspective. However, few existing studies consider supply risks from the perspective of all three triple-bottom-line dimensions at the same time. To bridge this research gap, this research constructs a supply risk perspective integrated sustainable supplier selection model in the intuitionistic fuzzy environment. First of all, the weights of decision-makers in the decision-making group are obtained by intuitionistic fuzzy set. Secondly, after obtaining the aggregated intuitionistic fuzzy decision matrix considering the weight of decision-makers, the fuzzy entropy weight method is used to calculate criteria weight, objectively. Then, an improved failure mode and effects analysis is used to undertake risk assessments and to identify high-risk suppliers. Last but not least, the extended alternative queuing method is adopted to rank the eligible sustainable suppliers in the intuitionistic fuzzy environment. The proposed model not only reduces the uncertainty of decision-making in sustainable supplier selection, but also enables focal companies to reduce supply risk in their sustainable supplier selection practices and prevent the failure modes that relate to supply risk. The practicality and effectiveness of the proposed model are verified through an empirical illustration in a leading electrical appliance manufacturer in China.