ABC Classification for Inventory Optimization

An integrated model for solving the multiple criteria ABC inventory classification problem

In this paper, we present an integrated version of the Ng model and Zhou and Fan model [W. L. Ng,A simple classifier for multiple criteria ABC analysis, European Journal of Operation Research, 177(2007) 344-353; P. Zhou & L. Fan, A note on multi-criteria ABC inventory classification usingweighted linear optimization, European Journal of Operation Research, 182 (2007) 1488-1491]. Themodel that N...

A note on multi-criteria ABC inventory classification using weighted linear optimization

Recently, Ramanathan (R., Ramanathan, ABC inventory classification with multiple-criteria using weighted linear optimization, Computer and Operations Research, 33(3) (2006) 695-700) introduced a simple DEA-like model to classify inventory items on the basis of multiple criteria. However, the classification results produced by Ramanathan are not consistent with the domination concept encouraged ...

Using DEA to compute most favourable and least favourable sets of weights in ABC inventory classification

using dea to compute most favourable and least favourable sets of weights in abc inventory classification

A Bi-objective Optimization for Vendor Managed Inventory Model

Vendor managed inventory is a continuous replenishment program that is designed to provide major cost saving benefits for both vendors and retailers. Previous research on this area mainly included single objective optimization models where the objective is to minimize the total supply chain costs or to maximize the total supply chain benefits. This paper presents a bi-objective mathematical mod...