IDEAS home Printed from https://ideas.repec.org/a/spr/annopr/v306y2021i1d10.1007_s10479-020-03788-1.html
   My bibliography  Save this article

A regression-based improvement to the multiple criteria ABC inventory classification analysis

Author

Listed:
  • Giannis Karagiannis

    (University of Macedonia)

  • Suzanna M. Paleologou

    (Aristotle University of Thessaloniki)

Abstract

The aim of this paper is to propose a regression-based approach for obtaining a set of weights for multi-criteria ABC inventory analysis, which differ across classification criteria but are common across inventory items and follow a predetermined descending ordering scheme regarding the relative importance of classification criteria. The proposed alternative is based on the Inequality Constrained Least Squared model and is to be compared with the existing linear and non-linear programming models available in the literature.

Suggested Citation

  • 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.
  • Handle: RePEc:spr:annopr:v:306:y:2021:i:1:d:10.1007_s10479-020-03788-1
    DOI: 10.1007/s10479-020-03788-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10479-020-03788-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10479-020-03788-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Giannis Karagiannis & Georgia Paschalidou, 2017. "Assessing research effectiveness: a comparison of alternative nonparametric models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(4), pages 456-468, April.
    2. Kao, Chiang & Wu, Wann-Yih & Hsieh, Wen-Jen & Wang, Tai-Yue & Lin, Chinho & Chen, Liang-Hsuan, 2008. "Measuring the national competitiveness of Southeast Asian countries," European Journal of Operational Research, Elsevier, vol. 187(2), pages 613-628, June.
    3. Kao, Chiang & Hung, Hsi-Tai, 2007. "Management performance: An empirical study of the manufacturing companies in Taiwan," Omega, Elsevier, vol. 35(2), pages 152-160, April.
    4. Ng, Wan Lung, 2008. "An efficient and simple model for multiple criteria supplier selection problem," European Journal of Operational Research, Elsevier, vol. 186(3), pages 1059-1067, May.
    5. 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.
    6. 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.
    7. 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.
    8. Yancey, T. A. & Judge, G. G. & Bock, M. E., 1981. "Testing multiple equality and inequality hypothesis in economics," Economics Letters, Elsevier, vol. 7(3), pages 249-255.
    9. Wolak, Frank A., 1989. "Testing inequality constraints in linear econometric models," Journal of Econometrics, Elsevier, vol. 41(2), pages 205-235, June.
    10. Salvatore Greco & Alessio Ishizaka & Menelaos Tasiou & Gianpiero Torrisi, 2019. "On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 61-94, January.
    11. C Kao & H-T Hung, 2005. "Data envelopment analysis with common weights: the compromise solution approach," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(10), pages 1196-1203, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giannis Karagiannis & Georgia Paschalidou, 2017. "Assessing research effectiveness: a comparison of alternative nonparametric models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(4), pages 456-468, April.
    2. Cheng Peng & Xunbo Wu & Yelin Fu & Kin Keung Lai, 2017. "Alternative approaches to constructing composite indicators: an application to construct a Sustainable Energy Index for APEC economies," Operational Research, Springer, vol. 17(3), pages 747-759, October.
    3. Fusco, Elisa, 2023. "Potential improvements approach in composite indicators construction: The Multi-directional Benefit of the Doubt model," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
    4. 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.
    5. 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).
    6. Ruiz, Francisco & El Gibari, Samira & Cabello, José M. & Gómez, Trinidad, 2020. "MRP-WSCI: Multiple reference point based weak and strong composite indicators," Omega, Elsevier, vol. 95(C).
    7. Demos, Antonis & Sentana, Enrique, 1998. "Testing for GARCH effects: a one-sided approach," Journal of Econometrics, Elsevier, vol. 86(1), pages 97-127, June.
    8. Jesús Peiró‐Palomino & Andrés J. Picazo‐Tadeo & Vicente Rios, 2020. "Well‐being in European regions: Does government quality matter?," Papers in Regional Science, Wiley Blackwell, vol. 99(3), pages 555-582, June.
    9. Yiannis Smirlis, 2020. "A trichotomic segmentation approach for estimating composite indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(2), pages 393-410, July.
    10. 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.
    11. 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.
    12. Jesús Peiró-Palomino & Andrés J. Picazo-Tadeo & Emili Tortosa-Ausina, 2020. "The Geography of Well-being in Colombia," Working Papers 2020/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    13. Karagiannis, Roxani & Karagiannis, Giannis, 2020. "Constructing composite indicators with Shannon entropy: The case of Human Development Index," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    14. 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.
    15. Giuseppe Coco & Raffaele Lagravinese & Giuliano Resce, 2020. "Beyond the weights: a multicriteria approach to evaluate inequality in education," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(4), pages 469-489, December.
    16. 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.
    17. 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.
    18. Fan Liu & Ning Ma, 2019. "Multicriteria ABC Inventory Classification Using the Social Choice Theory," Sustainability, MDPI, vol. 12(1), pages 1-19, December.
    19. 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.
    20. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:306:y:2021:i:1:d:10.1007_s10479-020-03788-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.