Multiple Criteria Inventory Classification Under Fuzzy Environment

Authors:
Golam Kabir
Affiliations:
Department of Civil Engineering, University of British Columbia, Kelowna, BC, Canada
Venue:
International Journal of Fuzzy System Applications
Year:
2012

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Abstract

A systematic approach to the inventory control and classification may have significant influence on company competitiveness. In practice, all inventories cannot be controlled with equal attention. In order control the inventory items and to determine the suitable ordering policies for them, multiple criteria inventory classification is used. A systematic and logical approach is structured for multiple criteria inventory classification under fuzzy environment through integrating Fuzzy Delphi Method FDM with Fuzzy Analytic Hierarchy Process FAHP. Fuzzy Delphi method is used to identify the important criteria and, Fuzzy AHP is used to determine the relative weights of the criteria, and to classify inventories into different categories. To accredit the proposed model, its implemented for the 351 raw materials of switch gear section of Energypac Engineering Limited EEL, a large power engineering company of Bangladesh.