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From Multicriterial Data Analysis Up to the Exclusive Contract Cover

From Multicriterial Data Analysis Up to the Exclusive Contract

Open Access
|Mar 2019

Abstract

In the present paper, we propose a heuristic for identifying the key supplier of a company. In order to develop the supplier’s evaluation tool, we use the multicriterial data analysis. The main statistical instrument here is the principal component analysis. Using the data from all realized orders of a chosen company in Slovakia from the year 2017, we identify its key supplier. Hence, this study helps to close the gap between theoretical work on principal component analysis and actual practice. The importance of the present work underlines the fact that the company is planning to sign an exclusive contract with the recommended supplier.

DOI: https://doi.org/10.2478/tmmp-2018-0018 | Journal eISSN: 1338-9750 | Journal ISSN: 12103195
Language: English
Page range: 17 - 29
Submitted on: Sep 12, 2018
Published on: Mar 12, 2019
Published by: Slovak Academy of Sciences, Mathematical Institute
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2019 Erika Fecková Škrabul’áková, published by Slovak Academy of Sciences, Mathematical Institute
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.