Explain decision-making approach discussed in the case study

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Reference no: EM133735192

Homework: Management Sustainable Supplier Selection- Spreadsheet Decision Modeling

Learning Outcomes

1. Find some structured ways of dealing with complex managerial decision problems.

2. Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

3. Demonstrate the tools for deciding when and which decision models to use for specific problems.

4. Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis.

Case Study Article: A Rough Multi-Criteria Decision-Making Approach for Sustainable Supplier Selection under Vague Environment: A Case Study by Huiyun Lu , Shaojun Jiang , Wenyan Song and Xinguo Ming.

Question I: Explain the decision-making approach discussed in this case study (250 to 300 words).

Question II: Why supplier selection is a typical multi-criteria decision-making process involving subjectivity and vagueness? (250 to 300 words).

Question III: Discuss the Sustainable supplier selection that is required for manufacturing companies. (250 to 300 words).

Question IV: What is your opinion about this study and how it is connected to course and beneficial for you? (250 to 300 words).

Reference no: EM133735192

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