Pallet Truck Selection with MEREC and WISP-S methods

Authors

  • Alptekin Ulutaş Department of International Trade and Logistics, Faculty of Economics and Administrative Sciences, Sivas Cumhuriyet University, Sivas, Turkey
  • Dragisa Stanujkic University of Belgrade, Technical Faculty in Bor, Serbia
  • Darjan Karabasevic Faculty of Applied Management, Economics and Finance in Belgrade, University Business Academy in Novi Sad, Novi Sad, Serbia
  • Gabrijela Popovic Faculty of Applied Management, Economics and Finance in Belgrade, University Business Academy in Novi Sad, Novi Sad, Serbia
  • Srđan Novaković aculty of Applied Management, Economics and Finance in Belgrade, University Business Academy in Novi Sad, Novi Sad, Serbia

DOI:

https://doi.org/10.5937/StraMan2200013U%20

Keywords:

WISP-S, MEREC, Pallet Truck, Logistics

Abstract

Background: The article presents an MCDM model based on the MEREC and WISP-S methods for pallet truck selection.

Purpose: The main purpose of the study was to apply a new MCDM model for pallet truck selection in the textile workshop.

Study design/methodology/approach: This article presents a simplified adoption of the Simple Weighted Sum Product (WISP) method, the Simplified WISP (WISP-S) method. The proposed method has fewer computation steps than the regular WISP method. In addition, this study proposes a new hybrid MCDM model in the literature by combining the MEREC method and the WISP-S method.

Finding/conclusions: The obtained results can be achieved in a shorter time compared to regular WISP. The application of the new method is considered in this study. In order to check whether the WISP-S method achieves accurate results, the results of the WISP-S method and the results of the ROV and WASPAS methods were compared. As a result of the comparison of the results of the methods, it was observed that the WISP-S method achieved accurate results.

Limitations/future research: As a direction for future research, other MCDM models can be applied for solving the same problem. When it comes to the limitations of the proposed model, it can be mentioned that the MCDM model is based on the use of crisp numbers.

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Published

2022-12-30