Developing of a Novel Integrated MCDM MULTIMOOSRAL Approach for Supplier Selection
Date
2021Metadata
Show full item recordAbstract
The main aim of the article is to propose a new multiple criteria decision-making approach for selecting alternatives, the newly-developed MULTIMOOSRAL approach, which integrates advantages of the three well-known and prominent multiple-criteria decision-making methods: MOOSRA, MOORA, and MULTIMOORA. More specifically, the MULTIMOOSRAL method
has been further upgraded with an approach that can be clearly seen in the well-known WASPAS and
CoCoSo methods, which rely on the integration of weighted sum and weighted product approaches.
In addition to the above approaches, the MULTIMOOSRAL method also integrates a logarithmic
approximation approach. The expectation from the development of this method is that the integration
of several approaches can provide a much more reliable selection of the most appropriate alternative, which can be very important in cases where the performance of alternatives obtained by using
some other method does not differ much. Finally, the ranking of alternatives based on the dominance
theory, used in the MOORA and MULTIMOORA methods, is replaced by a new original approach
that should allow a much simpler final ranking of alternatives in order to reach a stronger result with
five different techniques. The suitability and efficacy of the proposed MULTIMOOSRAL approach
are presented through an illustrative case study of the supplier selection.