A case study of supplier selection for a steelmaking company in Libya by using the combinative distance-based assessment (CODAS) model
Multi-Criteria Decision Making (MCDM) problems have received considerable attention from various researchers over the past decades. A great variety of methods and approaches has been developed in this field. The aim of this paper is to use a new COmbinative Distance-based ASsessment (CODAS) method to handle MCDM problems for a steelmaking company in Libya. So far no literature dealing with supplier selection using the (CODAS) method in the steelmaking company in Libya has been found. The concept of this method is based on computing the Euclidean distance and the Taxicab distance in order to determine the desirability of an alternative. The Euclidean distance is used as a primary measure, while the Taxicab distance as a secondary one. The developed method was applied to a real-world case study for ranking the suppliers in the Libyan Iron and Steel Company (LISCO). An attempt in this regard could enhance a decision-making technique for selecting the best suppliers for the selected case company. The results showed that the proposed method was effectively able to select the best supplier among six alternative ones.
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