Article ID: | iaor20071571 |
Country: | United Kingdom |
Volume: | 33 |
Issue: | 3 |
Start Page Number: | 695 |
End Page Number: | 700 |
Publication Date: | Mar 2006 |
Journal: | Computers and Operations Research |
Authors: | Ramanathan Ramakrishnan |
Keywords: | programming: multiple criteria, measurement |
Inventory classification using ABC analysis is one of the most widely employed techniques in organizations. The need to consider multiple criteria for inventory classification has been stressed in the literature. A simple classification scheme is proposed in this paper using weighted linear optimization. The methodology is illustrated using an example.