TY  - CONF
SP  - 287
EP  - 293
N1  - cited By 1; Conference of 6th Global Conference on Power Control and Optimization, PCO 2012 ; Conference Date: 6 August 2012 Through 8 August 2012
Y1  - 2012///
A1  - Maitra, S.
A1  - Dominic, P.D.D.
N2  - Selecting and evaluating the right vendors is imperative for an organization's global marketplace competitiveness. Improper selection and evaluation of potential vendors can dwarf an organization's supply chain performance. Numerous studies have demonstrated that firms consider multiple criteria when selecting key vendors. This research intends to develop a new hybrid model for vendor selection process with better decision making. The new proposed model provides a suitable tool for assisting decision makers and managers to make the right decisions and select the most suitable vendor. This paper proposes a Hybrid model based on Structural Equation Model (SEM) and Analytical Hierarchy Process (AHP) for long-term strategic vendor selection problems. The five steps framework of the model has been designed after the thorough literature study. The proposed hybrid model will be applied using a real life case study to assess its effectiveness. In addition, What-if analysis technique will be used for model validation purpose. © 2012 American Institute of Physics.
TI  - IT vendor selection model by using structural equation model & analytical hierarchy process
SN  - 0094243X
VL  - 1499
CY  - Las Vegas, NV
AV  - none
ID  - scholars2616
UR  - https://www.scopus.com/inward/record.uri?eid=2-s2.0-84873261187&doi=10.1063%2f1.4769004&partnerID=40&md5=977ea9791f6d7f52acfd3c9f98baee27
ER  -