Many analytical models have been developed for addressing the Vender selection for companies. There are a list of vendor for selecting materials. It is very difficult to select a genuine vendor. Since the selection of a vendor is influenced by several parameters which are in linguistic. Form also, therefore to quantity the linguistic variables fuzzy logic and set theory is used. The fuzzy set theory helps in vagueness of the system a fuzzy decision approach is developed where are resourcing of vendors to select suitable vendor for materials is made.
Jayaswal, Pratesh; Trivedi, M.K.; and Kumar, Lalit
"Vendor Selection Methodology Based on Multi Criteria Decision Making,"
Interscience Management Review: Vol. 3
, Article 3.
Available at: https://www.interscience.in/imr/vol3/iss1/3