Green Supplier Selection with CoCoFISo-G

Abstract

Green supplier selection is the process of evaluating suppliers for environmental sustainability and efficient use of resources. In recent years, there has been a growing trend to work with suppliers that meet environmental sustainability standards. Green sourcing considers criteria such as the source of a product's raw materials and its impact on the environment. In the cosmetics industry, green supplier selection is a critical step in increasing the environmental and social sustainability of products. This process ensures that green and ethical practices are considered at every stage of the supply chain. Supplier selection is a multi-criteria decision problem. This study aims to solve the supplier selection problem in the supply of perfume bottles for a cosmetics company using the CoCoFISo-G method. The CoCoFISo-G method was created by extending the CoCoFISo (Combined Compromise for Ideal Solution) method with gray numbers. The CoCoFISo method is an extension of the CoCoSo method, and the purpose of the CoCoFISo method is to find an ideal compromise solution to improve the algorithm of the CoCoSo method. In this study, the developed CoCoFISo-G method is used for green supplier selection.

Keywords

• Multi-criteria decision-making
• Green supplier selection
• Grey values
• Combined compromise solution method
• Combined compromise for ideal solution

References

1. Sen, H. & Toksoy, M.S. (2024). Green supplier selection with CoCoFISo-G. The Eurasia Proceedings of Science, Technology, Engineering & Mathematics (EPSTEM), 32, 257-265.