course material

1. (Mt) – MGT425-Spreadsheet Decision Modeling
View attached explanation and answer. Let me know if you have any questions.Outline1.
Introductiona) Topic Sentence: The paper involves studying a case and determining the
decisionmaking approaches discussed, Identifying the reasons why supplier choice is a
criticaldecision, the sustainable supplier selection, reasons why it is essential for a firm
todiscuss supplier selection and how the case study is connected to to the course and
itsbenefits.2. Bodya) The Decision Making approach is discussed in the case
study.•Considerations of social sustainability in supplier•selection, which has been
commonly disregarded in previous studies ELECTRE approachcan express uncertainty in
decisionb) Why supplier selection is a typical multi-criteria decision-making process
involvingsubjectivity and vagueness?•Involvement of multiple stakeholders with conflicting
objectives.•The often involvement incomplete and imprecise information.•Often
involvement of subjective judgments.•It is often a multi-criteria decision-making problem.c)
Discuss the Sustainable supplier selection that is required for
manufacturingcompanies.•The practical implementation of sustainable supply chain
management•Application of rough set theory and ELECTRE to overcome these
challenges•with little previous knowledge and is adaptable in dealing with ambiguity.d)
Why are Supplier selection decisions important for most manufacturing firms?•Proper
supplier may assist in increasing product and service quality, cut manufacturingcosts, and
improve delivery time•Reduce purchasing costs and increase the efficiency of the
procurement logistics process.•Help the manufacturing firm to implement sustainable
supply chain managementpractices.•Help the manufacturing firm to achieve sustainability
of the whole supply chain.e) What is your opinion about this study, and how is it connected
to the course andbeneficial for you?•Supplier selection that incorporates social
sustainability factors into the decision-makingprocess is essential.•The ELECTRE approach
is adaptable in expressing uncertainty in decision-makingwithout requiring extensive prior
knowledge.•ELECTRE assists in identifying the supplier who is the most excellent fit for the
firm.1NameInstitutionCourse Name & NumberInstructorsDate21.This case study discusses
a multi-criteria decision-making strategy structured onELECTRE and a rough set concept.
The method combines the advantages of wild set theory fordealing with ambiguity with the
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