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Integrating BWM and ARAS under hesitant linguistic environment for digital supply chain finance supplier section

    Huchang Liao   Affiliation
    ; Zhi Wen   Affiliation
    ; Lili Liu Affiliation

Abstract

In the era of intelligence and informatization, digital supply chain finance (DSCF) has become one of the important trends in the development of supply chain finance. With the gradual increase of DSCF suppliers and various requirements of small and medium-sized enterprises for suppliers in providing financing services, selecting the most suitable DSCF supplier is of great significance for most small and medium-sized enterprises to expand reproduction and improve competitiveness. To address such a decision-making problem, this paper proposes a new multi-expert multiple criteria decision-making model by integrating the Best Worst Method (BWM) and Additive Ratio ASsessment (ARAS) method under the hesitant fuzzy linguistic environment, in which the hesitant fuzzy linguistic BWM method is applied to determine the weights of criteria while the hesitant fuzzy linguistic ARAS method is proposed to rank the candidate suppliers. A case study is given to demonstrate the procedure of the proposed method for the selection of optimal DSCF suppliers, which shows the feasibility of the proposed method. Finally, sensitivity analysis and comparative analyses are provided to testify the applicability and superiority of the proposed method.

Keyword : digital supply chain finance, hesitant fuzzy linguistic terms set, best worst method, additive ratio assessment, supplier selection, multiple criteria decision making

How to Cite
Liao, H., Wen, Z., & Liu, L. (2019). Integrating BWM and ARAS under hesitant linguistic environment for digital supply chain finance supplier section. Technological and Economic Development of Economy, 25(6), 1188-1212. https://doi.org/10.3846/tede.2019.10716
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Oct 4, 2019
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