A new fuzzy MCDA framework for make-or-buy decisions: A case study of aerospace industry

Abstract

One of the primary managerial decisions for manufacturing units is to find out which activity must be outsourced. A good outsourcing decision is normally involved with different criteria such as opportunity costs, cost saving, etc. In this paper, we present a multi criteria decision-making method to find a suitable solution for outsourcing activities called preference ranking organization method for enrichment evaluations (PROMETHEE). The proposed model of this paper uses fuzzy numbers to determine the relative importance of different criteria and it is implemented for a real-world case study of aerospace industry.

Keywords

• Make-or-buy
• Outsourcing
• PROMETHEE
• Aerospace industry
• Decision making