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Academic Journal of Business & Management, 2022, 4(9); doi: 10.25236/AJBM.2022.040910.

Quantitative analysis of supply characteristics based on TOPSIS method

Author(s)

Ziwei Li1, Qiqi Wang2

Corresponding Author:
Ziwei Li
Affiliation(s)

1Economics and Management School, Anhui University of Science and Technology, Huainan, 232000, China

2School of Computer Science and Engineering, Anhui University of Science and Technology, Huainan, 232000, China

Abstract

The raw materials used in the production of building and decorative panel enterprises are mainly fiber materials, which are special and may have imbalance between supply and demand, so it is necessary to find suitable suppliers through quantitative analysis of supply characteristics. We consider the quantitative analysis of the supply characteristics of 402 suppliers to quantify the supply stability score, first extracted four indicators, namely, the average weekly supply value of suppliers, the maximum weekly supply, the variance of the order quantity difference, the supplier completion rate, and the four indicators integrated into the supplier's attractiveness to the enterprise, the balance of supply and demand of raw materials, the ability to ensure normal production, and then use AHP combined with entropy weighting method to the above After that, the four indicators are subjectively and objectively assigned with AHP and entropy weighting method, and then the data are adjusted and calculated to obtain the required index data.

Keywords

Entropy method; AHP; TOPSIS; Supply characteristics

Cite This Paper

Ziwei Li, Qiqi Wang. Quantitative analysis of supply characteristics based on TOPSIS method. Academic Journal of Business & Management (2022) Vol. 4, Issue 9: 68-74. https://doi.org/10.25236/AJBM.2022.040910.

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