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Ranking Multi-Factor Criteria in A Make or Buy Decision Using Non-Additive Fuzzy Integrals

Authors(5) :-Emma Serwaa Obobisa, Chen Hai-bo, Henry Asante Antwi, John Osei Antwi, Stephany Abokzele Adongo

In the past firms mostly focused on the cost aspect of make or buy, giving less emphasis on the other determinants of make or buy decisions. Using non-additive fuzzy integrals, we model and rank a collection of multi-factor criteria for make or buy decision. Four component factors classified as resource base, transaction cost, firm size and external factors were analyzed and ranked. We observed that among these variables tested firm's resource base emerged as the highest decision criterion for in make or buy decision over transaction costs. This implies that a firm's resources (FR), proxied by resource availability, innovative competence, share risk/expertise and market penetration were more dominant that cost elements such as supplier competition, buyer experience, volume uncertainty, production cost advantage and technology uncertainty.
Emma Serwaa Obobisa, Chen Hai-bo, Henry Asante Antwi, John Osei Antwi, Stephany Abokzele Adongo
Make, Buy, Decision Multi, Factor, Fuzzy
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Publication Details
  Published in : Volume 3 | Issue 3 | March-April 2017
  Date of Publication : 2017-04-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 141-149
Manuscript Number : IJSRST173335
Publisher : Technoscience Academy
PRINT ISSN : 2395-6011
ONLINE ISSN : 2395-602X
Cite This Article :
Emma Serwaa Obobisa, Chen Hai-bo, Henry Asante Antwi, John Osei Antwi, Stephany Abokzele Adongo, "Ranking Multi-Factor Criteria in A Make or Buy Decision Using Non-Additive Fuzzy Integrals", International Journal of Scientific Research in Science and Technology(IJSRST), Print ISSN : 2395-6011, Online ISSN : 2395-602X, Volume 3, Issue 3, pp.141-149, March-April-2017
URL : http://ijsrst.com/IJSRST173335