Selection the Optimum Suppliers Compound Using a Mixed Model of MADM and Fault Tree Analysis

Abstract

In this paper, an integrated approach of MADM and fault tree analysis (FTA) is provided for determining the most reliable combination of suppliers for a strategic product in IUT University. At first, risks of suppliers is estimated by defining the indices for evaluating them, determining their relative status indices and using satisfying and SAW methods. Then, intrinsic risks of utilized equipments in the products are qualified and the final integrated risk for equipments is determined. Finally, through all the different scenarios, the best composition of equipment suppliers is selected by defining the palpable top events and fault tree analysis. The contribution of this paper is about proposing an integrated method of MADM and FTA to determine the most reliable suppliers in order to minimize the final risk of providing a product.

Keywords

• Fault Tree Analysis (FTA)
• Multi-Attribute Decision Making (MADM)
• Risk Assessment؛ Supplier