Corpus ID: 16034474

APPLICATION OF ANALYTIC HIERARCHY PROCESS AND HEURISTIC ALGORITHM IN SOLVING VENDOR SELECTION PROBLEM

@inproceedings{Chakraborty2011APPLICATIONOA,
  title={APPLICATION OF ANALYTIC HIERARCHY PROCESS AND HEURISTIC ALGORITHM IN SOLVING VENDOR SELECTION PROBLEM},
  author={T. Chakraborty and Tamal Ghosh and P. K. Dan},
  year={2011}
}
Vendor selection problem is believed to be a Multi Criteria Decision Making (MCDM) problem which has been a growing research area since past few decades. Several effective techniques have already been proposed by researchers and practitioners to evaluate the suppliers/vendors. Among these Analytic Hierarchy Process (AHP) is assumed to be the mostly exploited method due to its strong ability of attaining near-best solution to the problem in hand. In present research a novel heuristic approach is… Expand

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