An Integrated Approach for Assessing Suppliers Considering Economic Sustainability Innovation

Abstract

Innovation plays a key role in improving the sustainability performance of corporations. Limited studies have investigated the economic aspect of sustainable innovation. This article puts forward a decision framework for evaluating economic sustainable innovative suppliers. A new methodology based on fuzzy Full Consistency Method (FFUCOM) and Improved Combinative Distance-based Assessment (ICODAS) is developed and extended using interval rough Dombi-Bonferroni operators. In the developed approach, the FFUCOM is employed to determine the criteria weights, and the ICODAS is responsible for assessing and ranking the suppliers. A case study from the manufacturing sector of an emerging economy is considered for validating the developed framework and decision model. The findings introduce the “financial resumption of products” as the most critical economic innovation criterion for evaluating suppliers. Furthermore, the applicability and validity of the proposed model was confirmed through sensitivity analysis.