Selection of Suppliers based on VIKOR algorithm

Selection of suppliers is the precondition and foundation of supply chain operation. It is an important aspect to choose the best supplier for supply chain management. The VIKOR method was developed to solve MCDM problems with conflicting and with different units criteria, assuming that compromising is accepted for conflict resolution, the decision maker wants a solution that is the closest to the ideal, and the alternatives are evaluated according to all established criteria. VIKOR algorithm is applied to select the best supplier and weight is given to VIKOR by entropy-weighing method in this paper, an example was shown and validation was proved in Selection of Suppliers.