Supplier Selection Under Circular Economy: An Integrated Entropy-EDAS Method

  • Srikant Gupta Department of Operations and Decision Sciences, Jaipuria Institute of Management, Jaipur (Rajasthan)-302033, India http://orcid.org/0000-0002-4158-2866
  • Niharika Varshney Department of Statistics and Operations Research, Aligarh Muslim University, Aligarh (UP)-202001, India
  • Aquil Ahmed Department of Statistics and Operations Research, Aligarh Muslim University, Aligarh (UP)-202001, India http://orcid.org/0000-0001-6135-2331
  • Prasenjit Chatterjee Post Doctoral Fellow, Department of Applied Data Science, Noroff University College, Norway Department of Mechanical Engineering, MCKV Institute of Engineering, West Bengal711204, India http://orcid.org/0000-0002-7994-4252
  • Seifedine Kadry Department of Applied Data Science, Noroff University College, Norway http://orcid.org/0000-0002-1939-4842
DOI: https://doi.org/10.2298/YJOR240215019G

Abstract

The concept of circular economy (CE) is gaining attention from businesses and government agencies as a crucial approach to combat climate change. With increasing consumer concern for environmental and social issues, there is a growing emphasis on supporting sustainable and circular supply chains. The selection of appropriate suppliers is recognized as pivotal for achieving efficiency and profitability within a circular supply chain. This study conducts a thorough literature review to identify 16 supplier selection criteria, focusing on their suitability in CE framework. Criteria weights are determined using Entropy method, while Evaluation based on Distance from Average Solution (EDAS) method has been applied to identify the most suitable supplier. The results identified "Financial capability," "The technology required to supplement reverse logistics," and "Re-Use, Re-Manufacturing, Refurbishment" as the most predominant criteria. "Financial capability" drives circular investment, enhancing resource efficiency. "Technology for reverse logistics" optimizes material flow, reducing resource depletion. Practices like "Re-Use, Re-Manufacturing, Refurbishment" extend product lifecycles, curbing environmental impact. Using the EDAS method, Supplier 5 emerges as the top choice, reinforcing sustainable supply chain decisions. This promotes CE principles and aligns with sustainable development goals, aiding managers in policy-making and prioritizing supplier criteria.

Published
2024-05-24
How to Cite
GUPTA, Srikant et al. Supplier Selection Under Circular Economy: An Integrated Entropy-EDAS Method. Yugoslav Journal of Operations Research, [S.l.], may 2024. ISSN 2334-6043. Available at: <https://yujor.fon.bg.ac.rs/index.php/yujor/article/view/1273>. Date accessed: 21 dec. 2024. doi: https://doi.org/10.2298/YJOR240215019G.
Citation Formats
Issue
Online first
Section
Research Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.