Supplier selection for housing development by an integrated method with interval rough boundaries

Abstract

Residential whole-decoration is an important initiative for housing industrialization in China. Selecting the most suitable component supplier for housing development is of great significance for both property developers and buyers in the implementation of such a strategy. To address such a problem, this study uses hesitant fuzzy linguistic term sets to express the inaccurate judgments of individuals and then introduces a novel probability aggregation approach based on interval rough boundaries to enable a realistic presentation of the collective evaluations of a group. Then, we propose a hybrid multi-expert multiple criteria decision-making model by integrating the Best Worst Method (BWM) and Combined Compromise Solution (CoCoSo) method based on the interval rough boundaries. A case study about the supplier selection for housing development is carried out, which demonstrates the feasibility and applicability of our proposed hybrid model. A comparison study is also performed to further validate the robustness of the model.

Keywords

• multi-criteria decision making
• supplier selection for housing development
• interval rough boundaries
• Combined Compromise Solution method
• Best-Worst method
• hesitant fuzzy linguistic term set