ABC inventory classification via linear discriminant analysis and ranking methods

Hadad, Yossi; Keren, Baruch

doi:10.1504/ijlsm.2013.052744

Cited by 11 publications

(5 citation statements)

References 34 publications

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“…The most recent literature indicates a focus on multiple criteria inventory classification techniques. Hadad and Keren () employ linear discriminant analysis and data envelopment analysis in the context of ABC inventory classification. Millstein et al.…”

Section: Introductionmentioning

confidence: 99%

A distance‐based decision‐making method to improve multiple criteria ABC inventory classification

Lai

Miao

et al. 2015

Int Trans Operational Res

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The present paper extends the Ng-model for multiple criteria ABC inventory classification based on a distance-based decision-making method. The proposed method determines the common weights associated with all rankings of the criteria importance, and then provides a comprehensive scoring scheme by aggregating all rankings. A numerical illustration is presented to compare our computational results with previous studies.

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Section: Introductionmentioning

confidence: 99%

A distance‐based decision‐making method to improve multiple criteria ABC inventory classification

Lai

Miao

et al. 2015

Int Trans Operational Res

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“… 1992 ; Partovi and Burton 1993 ; Scala et al. 2013 ; Gómez 2019 ), as well as the methods for defining the thresholds for classification (Hadad and Keren 2013 ; Hatefi et al. 2014 ) identifying the demand pattern and adjusting the forecasting model (Vidal Holguín 2010 ) identification and selection of the inventory control system (Vidal Holguín 2010 ; Pérez-Vergara et al.…”

Section: Literature Reviewmentioning

confidence: 99%

“… 1992 ; Partovi and Burton 1993 ; Scala et al. 2013 ; Gómez 2019 ), as well as the methods for defining the thresholds for classification (Hadad and Keren 2013 ; Hatefi et al. 2014 )…”

Section: Literature Reviewmentioning

confidence: 99%

Strategies for the Preservation of Service Levels in the Inventory Management During COVID-19: A Case Study in a Company of Biosafety Products

Vergara

Gómez

Lopes-Martínez

et al. 2021

Glob J Flex Syst Manag

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“…On the other hand, several authors follow two main trends to determine the thresholds for the classification of products in each category A, B, or C, (i) those that set them on a percentage basis of the quantity of products, most of them based on ranking methods [19,[23][24][25][26], and (ii) those who propose them based on advanced methods, such as sorting methods or artificial intelligence (AI) methods [27][28][29][30][31][32][33]. e choice of the path forward will depend on the skill and knowledge of the experts, since, in practice, accurate data and criteria affecting ABC classification are not always available.…”

Section: Multicriteria Abc Classificationmentioning

confidence: 99%

Improving Distributed Decision Making in Inventory Management: A Combined ABC-AHP Approach Supported by Teamwork

et al. 2020

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The need of organizations to ensure service levels that impact on customer satisfaction has required the design of collaborative processes among stakeholders involved in inventory decision making. The increase of quantity and variety of items, on the one hand, and demand and customer expectations, on the other hand, are transformed into a greater complexity in inventory management, requiring effective communication and agreements between the leaders of the logistics processes. Traditionally, decision making in inventory management was based on approaches conditioned only by cost or sales volume. These approaches must be overcome by others that consider multiple criteria, involving several areas of the companies and taking into account the opinions of the stakeholders involved in these decisions. Inventory management becomes part of a complex system that involves stakeholders from different areas of the company, where each agent has limited information and where the cooperation between such agents is key for the system’s performance. In this paper, a distributed inventory control approach was used with the decisions allowing communication between the stakeholders and with a multicriteria group decision-making perspective. This work proposes a methodology that combines the analysis of the value chain and the AHP technique, in order to improve communication and the performance of the areas related to inventory management decision making. This methodology uses the areas of the value chain as a theoretical framework to identify the criteria necessary for the application of the AHP multicriteria group decision-making technique. These criteria were defined as indicators that measure the performance of the areas of the value chain related to inventory management and were used to classify ABC inventory of the products according to these selected criteria. Therefore, the methodology allows us to solve inventory management DDM based on multicriteria ABC classification and was validated in a Colombian company belonging to the graphic arts sector.

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ABC inventory classification via linear discriminant analysis and ranking methods

Cited by 11 publications

References 34 publications

A distance‐based decision‐making method to improve multiple criteria ABC inventory classification

A distance‐based decision‐making method to improve multiple criteria ABC inventory classification

Strategies for the Preservation of Service Levels in the Inventory Management During COVID-19: A Case Study in a Company of Biosafety Products

Improving Distributed Decision Making in Inventory Management: A Combined ABC-AHP Approach Supported by Teamwork

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