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An improvement to multiple criteria ABC inventory classification

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  • Hadi-Vencheh, A.

Abstract

In this paper we presented an extended version of the Ng-modelg [W.L. Ng, A simple classifier for multiple criteria ABC analysis, European Journal of Operational Research 177 (2007) 344-353] for multi-criteria inventory classification. The proposed model is a nonlinear programming model which determines a common set of weights for all the items. Our model not only incorporates multiple criteria for ABC classification, but also maintains the effects of weights in the final solution, an improvement over the model proposed by Ng. An illustrative example is presented to compare our model and the Ng-model.

Suggested Citation

  • Hadi-Vencheh, A., 2010. "An improvement to multiple criteria ABC inventory classification," European Journal of Operational Research, Elsevier, vol. 201(3), pages 962-965, March.
    • Handle: RePEc:eee:ejores:v:201:y:2010:i:3:p:962-965
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    References listed on IDEAS

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    1. Ng, Wan Lung, 2007. "A simple classifier for multiple criteria ABC analysis," European Journal of Operational Research, Elsevier, vol. 177(1), pages 344-353, February.
    2. Zhou, Peng & Fan, Liwei, 2007. "A note on multi-criteria ABC inventory classification using weighted linear optimization," European Journal of Operational Research, Elsevier, vol. 182(3), pages 1488-1491, November.
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    Cited by:

    1. Jafar Rezaei & Negin Salimi, 2015. "Optimal ABC inventory classification using interval programming," International Journal of Systems Science, Taylor & Francis Journals, vol. 46(11), pages 1944-1952, August.
    2. S. Saffarzadeh & A. Hadi-Vencheh & A. Jamshidi, 2019. "An Interval Based Score Method for Multiple Criteria Decision Making Problems," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(05), pages 1667-1687, September.
    3. Millstein, Mitchell A. & Yang, Liu & Li, Haitao, 2014. "Optimizing ABC inventory grouping decisions," International Journal of Production Economics, Elsevier, vol. 148(C), pages 71-80.
    4. Hu, Qiwei & Boylan, John E. & Chen, Huijing & Labib, Ashraf, 2018. "OR in spare parts management: A review," European Journal of Operational Research, Elsevier, vol. 266(2), pages 395-414.
    5. Fan Liu & Ning Ma, 2019. "Multicriteria ABC Inventory Classification Using the Social Choice Theory," Sustainability, MDPI, vol. 12(1), pages 1-19, December.
    6. Alessio Ishizaka & Maynard Gordon, 2017. "MACBETHSort: a multiple criteria decision aid procedure for sorting strategic products," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(1), pages 53-61, January.
    7. Siamak Kheybari & S. Ali Naji & Fariba Mahdi Rezaie & Reza Salehpour, 2019. "ABC classification according to Pareto’s principle: a hybrid methodology," OPSEARCH, Springer;Operational Research Society of India, vol. 56(2), pages 539-562, June.
    8. Boliang Lin & Jiaxi Wang & Huasheng Wang & Zhongkai Wang & Jian Li & Ruixi Lin & Jie Xiao & Jianping Wu, 2017. "Inventory-transportation integrated optimization for maintenance spare parts of high-speed trains," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-18, May.
    9. Ishizaka, Alessio & Lolli, Francesco & Balugani, Elia & Cavallieri, Rita & Gamberini, Rita, 2018. "DEASort: Assigning items with data envelopment analysis in ABC classes," International Journal of Production Economics, Elsevier, vol. 199(C), pages 7-15.
    10. Umut Fýrat TUZKAYA & Behlül ÞENER, 2016. "Multiple Criteria Inventory Classification for Storage Assignment and a Case Study," Journal of Economics Bibliography, KSP Journals, vol. 3(1S), pages 40-49, April.
    11. Sheikh-Zadeh, Alireza & Rossetti, Manuel D. & Scott, Marc A., 2021. "Performance-based inventory classification methods for large-Scale multi-echelon replenishment systems," Omega, Elsevier, vol. 101(C).
    12. Hu, Qiwei & Chakhar, Salem & Siraj, Sajid & Labib, Ashraf, 2017. "Spare parts classification in industrial manufacturing using the dominance-based rough set approach," European Journal of Operational Research, Elsevier, vol. 262(3), pages 1136-1163.
    13. Li Fangping & Yang Yuguo & Wu Yue, 2016. "The Optimization of Reservoir Based on the Combination of ABC Classification Method and Linear Programming Method," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(11), pages 156-156, October.
    14. Liu, Jiapeng & Liao, Xiuwu & Zhao, Wenhong & Yang, Na, 2016. "A classification approach based on the outranking model for multiple criteria ABC analysis," Omega, Elsevier, vol. 61(C), pages 19-34.
    15. Sheikh-Zadeh, Alireza & Rossetti, Manuel D., 2020. "Classification methods for problem size reduction in spare part provisioning," International Journal of Production Economics, Elsevier, vol. 219(C), pages 99-114.
    16. Lolli, F. & Ishizaka, A. & Gamberini, R., 2014. "New AHP-based approaches for multi-criteria inventory classification," International Journal of Production Economics, Elsevier, vol. 156(C), pages 62-74.
    17. Sisi Wu & Yelin Fu & K. K. Lai & W. K. John Leung, 2018. "A Weighted Least-Square Dissimilarity Approach for Multiple Criteria ABC Inventory Classification," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 35(04), pages 1-12, August.
    18. Yang, Liu & Li, Haitao & Campbell, James F. & Sweeney, Donald C., 2017. "Integrated multi-period dynamic inventory classification and control," International Journal of Production Economics, Elsevier, vol. 189(C), pages 86-96.
    19. Giannis Karagiannis & Suzanna M. Paleologou, 2021. "A regression-based improvement to the multiple criteria ABC inventory classification analysis," Annals of Operations Research, Springer, vol. 306(1), pages 369-382, November.

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