Multicriteria decision making in company practice

Oryna Kosenko

Bachelor's thesis

Abstract:

This bachelor thesis is focused on application of multicriteria decision making on example of the company «VITLUS» LLC PCC based in Ukraine. The company produces rubber and polyurethane components. Due to the decision to expand production and increase diversity of polyurethane-based products the company faced a challenge to select an optimal supplier of raw materials. The main idea of multicriterial decision making will be presented in the theoretical part, including description of methods applicable for the designated problem and all the necessary elements of the multicriteria analysis model and its specificities. The practical part will identify the company’s decision problem and characteristics of the desired demand for the raw material. Firstly, the company will provide the list of suppliers and the dataset of performance on various criteria of the individual offers. The suggested method for identifying the most optimal decision is TOPSIS, the weights of the individual criteria will be determined using the Saaty’s method. This decision will be recommended to the company. The method will also present all solutions from the perspective of optimality from best to worst.

Keywords

multicriteria analysis, criteria, TOPSIS, Saaty method, supplier, polyurethane

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 29. 3. 2022

Obhajoba závěrečné práce

• Vedúci: Ing. Robert Hlavatý, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / odbor:
Economics and Management / Economics and Management