Using the analytic hierarchy process for ABC analysis

Using the analytic hierarchy process for ABC analysis

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Article ID: iaor1994824
Country: United Kingdom
Volume: 13
Issue: 9
Start Page Number: 29
End Page Number: 44
Publication Date: Sep 1993
Journal: International Journal of Operations & Production Management
Authors: ,
Keywords: programming: multiple criteria, analytic hierarchy process
Abstract:

Presents a multicriteria approach to the ABC classification problem in inventory control. The proposed method, based on Saaty’s Analytic Hierarchy Process, rates items on both qualitative and quantitative criteria. Demonstrates the model through an example, using real data from the maintenance department stock room of a pharmaceutical company. A series of simulation experiments show how the resulting classification can benefit inventory control in this company.

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