ABC inventory classification with multiple-criteria using weighted linear optimization

ABC inventory classification with multiple-criteria using weighted linear optimization

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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:
Keywords: programming: multiple criteria, measurement
Abstract:

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.

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