ABC inventory classification with multiple-criteria using weighted linear optimization

Authors:
Ramakrishnan Ramanathan
Affiliations:
Operations Management and Business Statistics, College of Commerce and Economics, Sultan Qaboos University, Sultanate of Oman, Oman
Venue:
Computers and Operations Research
Year:
2006

Citing 2
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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 weighed linear optimization. The methodology is illustrated using an example.