MATEC Web of Conferences
Volume 58, 2016The 3rd Bali International Seminar on Science & Technology (BISSTECH 2015)
|Number of page(s)||6|
|Published online||23 May 2016|
Sustainable strategies selection in SMEs Using MCDM approach
Department of Industrial Engineering, Faculty of Engineering, University of Trunojoyo Madura, Indonesia Indonesia
Since the nineties, companies have started to recognize the relevance of integrating sustainability in their corporate strategies. However, despite this increasing awareness, integrating sustainability in corporate strategy remains a challenge for many organisations due to the need of dealing with a wide range of issues. This research discusses more about the sustainable strategies selection in a SME and develops a model based on integrated multicriteria decision making (MCDM) methods to solve such problems. The developed model applies Entropy weighting method and Vikor algorithm to effectively analyze the weight of each sustainability criteria and to select the best sustainable strategies while capturing all subjective and objective criteria. A case study is illustrated to test the proposed model in a Batik SME. Results show that profits and facility requirements are the two most important criteria in sustainable strategies selection. This implies that during sustainable strategies selection, it is suggested that emphasis should be placed on revenue generation and facilities needed of the respective strategies.
Key words: sustainable / strategies selection / MCDM / entropy / vikor
© Owned by the authors, published by EDP Sciences, 2016
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.