A Multicriteria Decision Model for Supplier Selection in a Food Industry Based on FITradeoff Method

Abstract

This article puts forward a decision model for solving a supplier selection problem in a food industry by considering multiple objectives that influence the decision‐making process. In times of increasing competitiveness, companies strive hard to improve their profitability, and selection of supply sources may help if an appropriate decision is made through a well‐structured decision‐making process. Preference modeling is conducted in a flexible and interactive elicitation manner with the decision‐maker (DM), aided by FITradeoff method. Partial information is gathered about the DM’s preferences in such a way that less effort is spent on finding a final solution for the problem.