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The uses and management of capital is extremely important to the operation of any businesses. However, not all businesses have available capital, so the use of loans in many different forms is always an effective solution in managing corporate finance. Accompanying with businesses, many financial leasing companies have implemented products and programs to lend money to businesses with low interest rates. So, choosing the best financial leasing company is a primary concern of businesses. To increase competitiveness, financial leasing companies often offer preferential conditions to attract businesses. Choosing the best financial leasing service to leasing is important and necessary to those businesses. Thus, the selection of a financial leasing company by small and medium enterprises benefits from the application of Multicriteria Decision-Making (MCDM) methods which allows the decision maker to consider various qualitative and quantitative criteria. In this article, the author applied Fuzzy Analytical Network Process (FANP) to calculate the related criteria weights of the financial leasing company selection problem of businesses. Then, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is applied to rank the potential decision-making units. This research establishes one complete and efficient model for financial leasing company selection using FANP and TOPSIS methods. The proposed model is then applied into a real-world case study to demonstrate its feasibility.

With the expansion of its industrial and manufacturing sectors, with the goal of positioning Vietnam as the world’s new production hub, Vietnam is forecast to face a surge in energy demand. Today, the main source of energy of Vietnam is fossil fuels, which are not environmentally friendly and are rapidly depleting. The speed of extraction and consumption of fossil fuels is too fast, causing them to become increasingly scarce and gradually depleted. Renewable energy options, such as solar, wind, hydro electrical, and biomass, can be considered as sustainable alternatives to fossil fuels. However, to ensure the effectiveness of renewable energy development initiatives, technological, economic, and environmental must be taken in consideration when choosing a suitable renewable energy resource. In this research, the authors present a multi-criteria decision-making model (MCDM) implementing the grey analytic hierarchy process (G-AHP) method and the weighted aggregates sum product assessment (WASPAS) method for the selection of optimal renewable energy sources for the energy sector of Vietnam. The results of the proposed model have determined that solar energy is the optimal source of renewable energy with a performance score of 0.8822, followed by wind (0.8766), biomass (0.8488), and solid waste energy (0.8135) based on the calculations of the aforementioned methods.

Logistics is an important service sector, contributing to improving the competitiveness of the economy. Therefore, along with increasing the application of technology and effective business models, it is necessary to increase the connectivity of the infrastructure systems of industrial parks, roads, and seaports of regions and the country. Over the past decades, Vietnamese businesses have been step-by-step going through many stages from production, packaging, quality, hygiene, and safety to grasping new stages in the domestic and global value chain. In many industries, businesses are increasing the content of their own designs, exploiting brands, and approaching consumption networks in the target market. The role of the distribution center is becoming more and more important in ensuring a seamless and flawless supply chain. In particular, the distribution center is the most sensitive contact point between supply and demand in each enterprise. Therefore, the key mission of a distribution center is to reconcile supply and demand requirements. Distribution center location selection problems usually involve multiple quantitative and qualitative criteria that the decision maker must take into account for assessing the symmetrical impact of the criteria to reach the most accurate result. In this study, the authors propose a hybrid MCDM model based on Spherical Fuzzy Analytic Hierarchy Process (SF-AHP) and Combined Compromise Solution (CoCoSo) Algorithm to support the distribution location selection problem of perishable agricultural products. The proposed model is then applied to the numerical case study of the sweet potato product of the Mekong Delta region of Vietnam to demonstrate the feasibility of the model. The contribution of this research is to propose an MCDM model for improving the efficiency of the agricultural supply chain through selecting a location distribution center. This proposed model can be applied to the agricultural supply chain around the world.

The European Union (EU) is the largest shrimp consumer market in the world in terms of requirements for shrimp product imports. Therefore, other enterprises that export frozen shrimp to the EU must consider many criteria when choosing suppliers of raw shrimp. The difficulty of choosing suppliers of raw shrimp makes selecting raw material suppliers in the fisheries sector a multi-criteria decision-making problem. In such problems, the decision makers must review and evaluate many criteria—including qualitative and quantitative factors—to achieve an optimal result. While there have been multiple multi-criteria decision making models developed to support supplier selection processes in different industries, none of these have been developed to solve the particular problems facing the shrimp industry, especially as it concerns a fuzzy decision-making environment. In this research, the authors propose a Multi-Criteria Decision Making model (MCDM) including the Fuzzy Analytical Network Process (FANP) and Weighted Aggregated Sum Product Assessment (WASPAS) for the evaluation and selection process of shrimp suppliers in the fisheries industry. The model is applied to a real-world case study and the results show that Supplier 3 (SA3) is the most optimal supplier of raw shrimp. The contribution of this work is the employment of FANP and WASPAS to propose an MCDM for ranking potential suppliers in the fisheries industry in a fuzzy environment. The proposed approach can also be modified to support complex decision-making processes in fuzzy environments in different industries.

Over the past few decades, Vietnam has been one of the fastest growing economies in Asia, experiencing a GDP growth rate of more than 6% per year. The energy industry plays an important role in Vietnam’s continuous development, so access to reliable and low-cost energy sources will be an important factor for sustainable economic growth. Achieving the goal of reducing global greenhouse gas emissions, as set out in the Paris agreement on climate change, will depend heavily on the development roadmap of emerging economies, such as Vietnam. Currently, developing hydroelectric plants is Vietnam’s optimal choice in order to meet its target of renewable energy development. Hydroelectricity in Vietnam is favorable thanks to the high average annual rainfall, about 1800–2000 mm, and the dense river system, with more than 3450 systems. In addition to providing electricity, hydropower plants are also responsible for cutting and fighting floods for downstream areas in the rainy season, at the same time providing water for production and people’s daily needs in the dry season. This work proposes the application of a multicriteria decision-making (MCDM) model to select the best option for the installation of river hydroelectric plants in Vietnam. The use of MCDM techniques in environmental decision-making, including selecting between various alternatives, is important when this involves complex decisions in several disciplinary fields. The most widely used of these techniques are the fuzzy analytical network process (FANP) and the technique for order of preference by similarity to ideal solution (TOPSIS). As a result, Nghe An (LOC05) is found to be the optimal solution for selecting river portions where hydroelectric plants are viable in Vietnam.

In recent years, the market of textile and garment materials has been volatile, and the ongoing US-China trade war is creating good opportunities for other markets such as Vietnam, Bangladesh and Mexico to continue to expand their market share in the United States. Vietnam is expected to have great advantages thanks to cheap labor cost and strong production capacity. Raw material supplier selection in a volatile competitive environment is crucial for a company to succeed, and supplier selection is a complicate process in which decision-makers must consider multiple quantitative and qualitative features, along with their symmetrical impact, in order to achieve an optimal result. The purpose of selecting the right supplier is to improve competitiveness and product quality, while satisfying customer demand at a minimum production cost. The aim of this paper is to propose a multicriteria decision making model (MCDM) for garment and textile supplier selection. In the first stage, all criteria affecting this process are defined by using the supply chain operations reference model (SCOR) and experts’ opinion. Incorporating hybrid fuzzy set theory into the analytical network process (ANP) model is the most effective tool for addressing complex problems of decision-making, which has a connection with various qualitative criteria; thus, the Fuzzy Analytical Hierarchy Process (FAHP) was applied for determining the weight of all potential suppliers, and the preference ranking organization method for enrichment of evaluations (PROMETHEE II) was used for ranking the supplier. The results of this research will assist researchers and decision makers in identifying, adapting and applying appropriate methods to identify the optimal material suppliers in the textile and garment industry. This research can also be used to support supplier selection decisions in other industries.

Selecting suppliers plays an important role in improving efficiency of supply chains. In the field of extraction of vegetable oil, one of the main submaterials is hexane solvent. Choosing a supplier of hexane solvent is a multicriteria decision-making task that decision-makers must have an understanding of the quantitative and qualitative elements for assessing the symmetrical impact of the criteria to reach the most accurate result. In this paper, the authors suggest a multicriteria decision-making (MCDM) model for N-hexane solvent (C6H14) supplier evaluation and selection for vegetable oil production. All criteria affecting to the hexane solvent supplier evaluation and selection process are defined by experts. Then, a fuzzy analytic hierarchy process (FAHP) multicriteria comparative analysis method has been applied for determining the weight of all criteria. Finally, the technique for order of preference by similarity to ideal solution (TOPSIS) was applied to select the optimal hexane solvent supplier. As a result, decision making unit 003 (DMU3) is the optimal supplier. The contribution of this research is to propose an MCDM model for hexane solvent supplier selection in the food industry. The work also proposed a useful guideline for supplier evaluation and selection processes in other industries.

According to a new study by the International Labor Organization (ILO), the COVID-19 pandemic has had a strong impact on the garment industry in the Asia-Pacific region. A sharp drop in retail sales in key export markets has affected workers and businesses across supply chains. To ensure the effectiveness and efficiency of garment supply chain, choosing a sustainable supplier should be a main concern of all businesses. The supplier selection problem in garment industry involves multiple quantitative and qualitative criteria. There have been many research and literatures about the development and application of Multicriteria Decision Making (MCDM) models in solving decision-making problems in different industry sectors such as supplier selection or investment assessment. Many different MCDM models have been introduced over the years, and each model is uniquely dedicated into solving a particular problem. There is very little MCDM models incorporated with fuzzy set theory to support decision makers with decision-making problem in uncertain environments. This paper introduces a Fuzzy MCDM-based approach to the problem by utilizing Fuzzy-Analytic Hierarchical Process (FAHP) and Weighted Aggregated Sum Product Assessment (WASPAS) methods to support the decision makers. The aim of the paper is developing a decision-making tool that supports the decision maker in deciding the suitable supplier in garment industry under fuzzy environment. The proposed MCDM model is applied to a real-world case study to demonstrate the application steps of the model as well as its feasibility. The model assisted in successfully its proposed goals that resulted in an optimal supplier in garment industry. [ABSTRACT FROM AUTHOR]

Planning and scheduling is one of the most important activity in supply chain operation management. Over the years, there have been multiple researches regarding planning and scheduling which are applied to improve a variety of supply chains. This includes two commonly used methods which are mathematical programming models and heuristics algorithms. Flowshop manufacturing systems are seen normally in industrial environments but few have considered certain constraints such as transportation capacity and transportation time within their supply chain. A two-stage flowshop of a single processing machine and a batch processing machine are considered with their capacity and transportation time between twomachines. The objectives of this research are to build a suitable mathematical model capable of minimizing the maximum completion time, to propose a heuristic optimization algorithm to solve the problem, and to develop an applicable program of the heuristics algorithm. AMixed Integer Programming (MIP) model and a heuristics optimization algorithmwas developed and tested using a randomly generated data set for feasibility. The overall results and performance of each approach was compared between the two methods that would assist the decision maker in choosing a suitable solution for their manufacturing line. [ABSTRACT FROM AUTHOR]