An extended VIKOR method using intuitionistic fuzzy sets and combination weights for supplier selection (Q2333560)

Summary: Supplier selection is a complex multiple criteria decision-making (MCDM) problem, which considers a number of alternative suppliers as well as conflicting and noncommensurable criteria. Considering the fact that it is difficult to precisely determine criteria weights and the ratings of alternatives on each criterion in real-life situations, the VIKOR (VIsekriterijumska optimizacija i KOmpromisno Resenje) method has been modified for intuitionistic fuzzy data in this study for supplier evaluation and selection. Further, we take into account both subjective and objective weights of criteria in the decision-making process, as most supplier selection approaches consider only subjective criteria weights. Finally, two supplier selection examples are provided to illustrate the proposed intuitionistic fuzzy hybrid VIKOR (IFH-VIKOR) method, and its merits are highlighted by comparing it with other relevant approaches.