Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)

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Research on the Selection of Suppliers by Enterprises Based on the Entropy Weight Method

Authors
Weixuan Fang1, *
1School of Management Engineering, Qingdao University of Technology, 266525, Qingdao, China
*Corresponding author. Email: weixuan.fang@outlook.com
Corresponding Author
Weixuan Fang
Available Online 29 April 2026.
DOI
10.2991/978-94-6239-642-5_90How to use a DOI?
Keywords
entropy weight method; supplier selection; inventory management; reliability assessment
Abstract

A reliable supplier can not only provide timely supplies during stock shortages but also ensure the quantity of goods supplied. Therefore, selecting reliable suppliers is of great significance for the operational management of a company. Based on existing research in supplier reliability evaluation, this article systematically constructs a comprehensive assessment index system. The system utilizes the entropy weight method, an objective empowerment model designed to avoid human subjective biases. Through six key indicators, this approach effectively assesses the supply risk and capability of suppliers. With this evaluation system, this study conducts a reliability assessment of 402 suppliers which utilizes the actual supply and order quantity data from a specific enterprise in the past 240 weeks. Through this process, a comprehensive score is calculated for each supplier, ultimately identifying the 50 most reliable partners. The research results of the paper have significant theoretical and practical implications for the evaluation and optimization of supplier reliability in the supply chain, which can provide insights for business managers.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2026
ISBN
978-94-6239-642-5
ISSN
2352-5428
DOI
10.2991/978-94-6239-642-5_90How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Weixuan Fang
PY  - 2026
DA  - 2026/04/29
TI  - Research on the Selection of Suppliers by Enterprises Based on the Entropy Weight Method
BT  - Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
PB  - Atlantis Press
SP  - 867
EP  - 874
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-642-5_90
DO  - 10.2991/978-94-6239-642-5_90
ID  - Fang2026
ER  -