A common weight linear optimization approach for multicriteria ABC inventory classification
Summary: Organizations typically employ the ABC inventory classification technique to have an efficient control on a huge amount of inventory items. The ABC inventory classification problem is classification of a large amount of items into three groups: A, very important; B, moderately important; and C, relatively unimportant. The traditional ABC classification only accounts for one criterion, namely, the annual dollar usage of the items. But, there are other important criteria in real world which strongly affect the ABC classification. This paper proposes a novel methodology based on a common weight linear optimization model to solve the multiple criteria inventory classification problem. The proposed methodology enables the classification of inventory items via a set of common weights which is very essential in a fair classification. It has a remarkable computational saving when compared with the existing approaches and at the same time it needs no subjective information. Furthermore, it is easy enough to apply for managers. The proposed model is applied on an illustrative example and a case study taken from the literature. Both numerical results and qualitative comparisons with the existing methods reveal several merits of the proposed approach for ABC analysis.
- ABC inventory classification with multiple-criteria using weighted linear optimization
- A simple classifier for multiple criteria ABC analysis
- A common-weight DEA model for multi-criteria ABC inventory classification with quantitative and qualitative criteria
- Learning criteria weights with TOPSIS method and continuous VNS for multi-criteria inventory classification
- Peer-estimation for multiple criteria ABC inventory classification
- A case-based distance model for multiple criteria ABC analysis
- A multiple criteria approach to data envelopment analysis
- A note on multi-criteria ABC inventory classification using weighted linear optimization
- A rule-based multi-criteria approach to inventory classification
- A simple classifier for multiple criteria ABC analysis
- ABC inventory classification with multiple-criteria using weighted linear optimization
- An improvement to multiple criteria ABC inventory classification
- Distance-based consensus method for ABC analysis
- Improving the discrimination power and weights dispersion in the data envelopment analysis
- Management of multicriteria inventory classification
- Multicriteria inventory classification using a genetic algorithm
- Multiobjective data envelopment analysis
- Optimal ABC inventory classification using interval programming
- Peer-estimation for multiple criteria ABC inventory classification
- Practical common weight multi-criteria decision-making approach with an improved discriminating power for technology selection
- Towards a normative model for inventory cost management in a generalized ABC classification system
- An improvement to multiple criteria ABC inventory classification
- An improvement to multiple criteria ABC inventory classification using Shannon entropy
- A review of DEA approaches applying a common set of weights: the perspective of centralized management
- ABC classification according to Pareto's principle: a hybrid methodology
- ABC inventory classification with multiple-criteria using weighted linear optimization
- Learning criteria weights with TOPSIS method and continuous VNS for multi-criteria inventory classification
- Optimal ABC inventory classification using interval programming
- A note on multi-criteria inventory classification using weighted linear optimization
- The multi-criteria system and the entropy method for ABC inventory classification
- A weighted least-square dissimilarity approach for multiple criteria ABC inventory classification
- A common-weight DEA model for multi-criteria ABC inventory classification with quantitative and qualitative criteria
- Multi-criteria inventory classification: new consensual procedures
- Towards a normative model for inventory cost management in a generalized ABC classification system
- Peer-estimation for multiple criteria ABC inventory classification
- Alignment between an ABC classification and results from an optimization approach
- Multicriteria ABC inventory classification using a group decision making method with individual preferences
- A simple classifier for multiple criteria ABC analysis
- A note on multi-criteria ABC inventory classification using weighted linear optimization
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